|South Carolina State Senator Lee Bright (R-Roebuck)|
My home state is full of idiots, and for some reason we like to elect a lot of them too. While reading the newspaper I came across this story about one of our local state senators who wants South Carolina to print it's own currency. Here's a few quotes from this not so bright fellow and his legislation.
"“If there is an attempt to monetize the Fed we ought to at least have a study on record that could protect South Carolinians,”
“If folks lose faith in the dollar, we need to have some kind of backup.”
“The Supreme Court of the United States has ruled that the states may adopt whatever currency they desire for the purposes of performing their sovereign governmental functions, even to the extent of adopting gold and silver coin for those purposes while refusing to employ a currency not redeemable in gold or silver coin that Congress has designated ‘legal tender.’...”
I know the dollar and the federal reserve haven't been a popular subject the past couple of years or so, but I don't think were at any risk for hyperinflation nor do I think South Carolina has any decent shot at a backup plan like this. It doesn't even make much sense either. How would cashier's handle this new currency? Would they have a federal register and a state register? Do I have a U.S. dollar bank account, and a S.C. dollar bank account? His plan is to have SC make coins out of gold or silver too which makes me think I'm going to paid like a pirate or something if his bill passes.
“If at first you don’t secede, try again,” -Lee Bright
It really seems to me that Senator Bright is really just a dumb fool who is one of many conservative crybabies who act like we live in 1861 once we have a Democratic President. As long as his plan is concerned, all of SC citizens are probably going to feel about as financially secure as Homer Simpson after he invested in Itchy and Scratchy money.