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Legislator says the state needs its own currency

By Implode-Explode Heavy Industries

``The language of Bradley's House Bill 301 predicts a dire future for the U.S. economy. "Many widely recognized experts predict the inevitable destruction of the Federal Reserve System's currency through hyperinflation in the foreseeable future," the bill declares. "In the event of hyperinflation, depression, or other economic calamity related to the breakdown of the Federal Reserve System, for which the State is not prepared, the State's governmental finances and private economy will be thrown into chaos. ..."''

Full post as published by Mortgage Lender Implode-o-Meter on March 22, 2011 (boomark / email).