South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.Wait a minute, is this the same South Carolina where it's Governor refused Stimulus money to assist it's residents while he spent their money traveling the globe for what has to be the best ass in the world? You know, only to turn around recently by taking a trip to DC to get on his hands and knees and beg the federal government for money far better than your local neighborhood dog totting homeless and hungry veteran?
As the Palmetto Scoop first reported, Pitts, a Republican, introduced legislation this month banning "the unconstitutional substitution of Federal Reserve Notes for silver and gold coin" in South Carolina.
In an interview, Pitts told Hotsheet that he believes that "if the federal government continues to spend money at the rate it's spending money, and if it continues to print money at the rate it's printing money, our economic system is going to collapse.
"The Germans felt their system wouldn't collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s," he said. "The Soviet Union didn't think their system would collapse, but it did. Ours is capable of collapsing also.
The lawmaker believes that a shift to an economy based on gold and silver coins would give the state a "base of currency" should that collapse come. As one expert told the Scoop, however, his bill would likely be ruled unconstitutional because it "violates a perfectly legal and Constitutional federal law, enacted pursuant to the Commerce Clause of the U.S. Constitution, that federal reserve notes are legal tender for all debts public and private.
In addition, since gold and silver regularly fluctuate in value, they could not easily function as stable currency.
But Pitts maintains that his state is better off with something he can hold in his hand and barter with as opposed to federal currency, which he described to the Scoop as "paper with ink on it." He says he resents what he considers the federal government's intrusions on states' rights.(Source)
Maybe I'm wrong to assume that the guy who introduced this bill is a complete idiot. Yes, maybe in truth he's just a Republican Leprechaun with an agenda. Either way, though this will never come into fruition. I can't help but to think that if it does. A vast majority of my cousins here in the south (or maybe the entire country) will be forced to make a Mecca-like pilgrimage to South Carolina that would rival The Great Migration from 1910 to 1930.
Which makes it obvious that Mike "I Wants Me Gold" Pitts didn't quite think this one through. Because I'm sure the last thing South Carolina needs are those stray animal-like people to be fed as recently mentioned by its Lieutenant Governor Andre Baur, suddenly becoming wealthy in their state. You know the old saying, "Those with the most gold in their mouth makes the rules." And let's face it, the last person we wanna see in politics, or in charge is Lil Wayne. Or worse, some Negro who calls himself Wacka Flocka....