Sen. Ketron: Tennessee May Need a State Currency

Wednesday, 09 Mar 2011 03:02 PM

  Comment  |
   Contact  |
  Print   |
    A   A  
  Copy Shortlink
In a move to protect Tennessee in case the Federal Reserve breaks down, state Sen. Bill Ketron is proposing the General Assembly create its own currency, the Tennessean reported Wednesday.
 
The Murfreesboro Republican's joint resolution would establish a committee to study whether Tennessee should adopt a currency as an alternative to the dollar in the event of a national fiscal calamity that would render the Federal Reserve useless.

Ketron’s proposal is part of a growing movement by conservative lawmakers to begin preparing for a Reserve collapse. Similar bills have been filed in South Carolina and Virginia, which passed a law earlier this year. Utah and Georgia are considering approving gold and silver as legal tender.

"We now owe China in the trillions and Japan is second," Ketron said. "What would happen if there was another cataclysmic event? I'm not Chicken Little saying the sky is falling, but prudent businesses are always prepared for the worst-case scenario."
 

© 2014 Newsmax. All rights reserved.

  Comment  |
   Contact  |
  Print   |
  Copy Shortlink
Send me more news as it happens.
 
 
Get me on The Wire
Send me more news as it happens.
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
You May Also Like

Steven Van Lonkhuyzen, 2 Sons Survive Australian Wilderness

Monday, 22 Dec 2014 12:41 PM

After surviving for 10 days in the Australian wilderness with little food, Steven Van Lonkhuyzen and his two sons, 5 and . . .

Nick Mangold of Jets Dons NYPD Hat in Honor of 2 Slain Officers

Monday, 22 Dec 2014 12:05 PM

New York Jets center Nick Mangold wore a NYPD hat during Sunday's game against the New England Patriots in honor of New  . . .

Garth Brooks, Justin Timberlake Wow Crowd With Surprise Duo

Monday, 22 Dec 2014 11:28 AM

Country music superstar Garth Brooks joined pop sensation Justin Timberlake on stage at Nashville's Bridgestone Arena to . . .

Top Stories

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved