Barter News Weekly

According to the Palmetto Scoop, South Carolina Representative Mike Pitts would rather have gold and silver coins be the legal tender for the state instead of the Federal Reserve Note.

Pitts said the intent of the bill is to give South Carolina the ability to “function through gold and silver coinage” and give the state a “base of currency” in the event of a complete implosion of the U.S. economic system.

“I’m not one to cry ‘chicken little,’ but if our federal government keeps spending at the rate we’re spending I don’t see any other outcome than the collapse of the economic system,” Pitts said.

Pitts said the intent of the bill is to give South Carolina the ability to “function through gold and silver coinage” and give the state a “base of currency” in the event of a complete implosion of the U.S. economic system.
“I’m not one to cry ‘chicken little,’ but if our federal government keeps spending at the rate we’re spending I don’t see any other outcome than the collapse of the economic system,” Pitts said.

Someone in South Carolina should introduce Mr. Pitts to modern barter and the community currency system. It is our belief that as long as modern barter survives, there will always be business transactions to be done, and a collapse of the economic system is unimaginable.

See the full story at http://www.palmettoscoop.com/2010/02/17/bill-would-ban-federal-currency-in-sc/