Virginia
General Assembly
HOUSE JOINT RESOLUTION NO. 557
This is a severely
grave development that has been virtually unreported by the media and
conservative online news sites and bloggers.
This is an ominous prophetic
event which we as a nation edge closer towards every day now. It would seem
that the
When the Lord began
speaking to us of food shortages, riots and political upheaval some years ago
and we offered stern warning to Christian believers around the world we in no
way understood that this was to occur in the US as well.
Even during last
two years where we warned time and again to stock up with food and basic
supplies (Doing so ourselves) we only knew for sure that the
We are now struck
that this event will be far more serious than we thought with our natural
understanding. The idea of us nearing
the collapse of
Gathering dry food
goods for six months is burdensome and difficult.
While we could gathering common household medical supplies for six months,
this does not include the medications necessary for the sick and elderly. It would mean many deaths.
Gathering and
storing enough fuel so that one might have the luxury to run a vehicle or a
generator for one’s perishable foods, lighting, electrical tools, and equipment
for six months would be near impossible, and if a church were to do this it
would quickly be robbed, and its stores taken.
Gathering wood,
heating oil, or natural gas enough to weather a winter would also prove near
impossible. We therefore command as from the Lord Jesus Christ that all brethren
young and old pray, and intercede, and even fast that the Lord’s
hand of judgment might be stayed against their nation. And that if this is to indeed occur that it
occur now in winter as the death would be so great among the people of this
nation and others around the world. And we need also to pray in advance that
our faith fail not, that we be steeled, and undergirded by the Holy Ghost even
when faced with hunger, starvation, sickness, threats, robbery of all our goods
and even the imminent death of ourselves and those whom we hold dearest.
Now is the time to
do this while it is called day. For when the night and terror of this comes,
let’s just say that the death destruction and mayhem will as prophesied be more
than most could bear. So these will
blame God and seek to kill servants of the Lord that warned them not. That
cried out not in the night of this sudden destruction at our door. That did not
their duty to protect the flock of God. That were not able to deliver in the hour of darkness. That
neither loved the Lord with all their heart all their mind all their soul and
all their strength – for surely had that been so then this would have been
revealed unto them. And neither loved
they their neighbors as themselves, for if that had been the case they would
have truly sought the Lord in their behalf and some might have been spared if
not delivered.
Consider this a
great, great, blessing that we have been granted a window both to prepare
ourselves with what we can and to earnestly seek the face of God.
Here
now we present to our readers without comment a resolution passed by the
Commonwealth of Virginia to protect is business interests and its citizens by
creating an alternate currency that can be used in place of the dollar at the
time of the collapse of the US Federal Reserve.
Virginia
General Assembly HOUSE JOINT RESOLUTION NO. 557
Offered January 12, 2011
Prefiled January 5, 2011
Establishing a joint subcommittee to study whether the Commonwealth
should adopt a currency to serve as an alternative to the currency distributed
by the Federal Reserve System in the event of a major breakdown of the Federal
Reserve System. Report.
----------
Patron--
----------
Referred to Committee on Rules
----------
WHEREAS,
the Supreme Court of the United States has ruled in In
re Rahrer, 140 U.S. 545, 554 (1891), that “the
police power” of a State “is a power originally and always belonging to the
States, not surrendered by them to the general government, nor directly
restrained by the Constitution of the United States, and essentially
exclusive”; and
WHEREAS,
the Supreme Court of the United States has ruled in Beer Company v. Massachusetts,
97 U.S. 25, 33 (1877), that the police power of the States “extend[s] to the
protection of the lives, health, and property of the[ir]
citizens, and to the preservation of good order”; and
WHEREAS,
the protection of the lives, health, and property of Virginia’s citizens, and
the preservation of good order in the Commonwealth, depend upon the maintenance
of both an adequate system of governmental finance and a sound and robust
private economy; and
WHEREAS,
an adequate system of governmental finance and a sound and robust private
economy cannot be maintained in the absence of a sound currency; and
WHEREAS, the present monetary and banking
systems of the United States, centered around the Federal Reserve System, have
come under ever-increasing strain during the last several years, and will be
exposed to ever-increasing and predictably debilitating strain in the years to
come; and
WHEREAS, many widely recognized experts
predict the inevitable destruction of the Federal Reserve System’s currency
through hyperinflation in the foreseeable future; and
WHEREAS, in the event of hyperinflation,
depression, or other economic calamity related to the breakdown of the Federal
Reserve System, for which the Commonwealth is not prepared, the Commonwealth’s
governmental finances and Virginia’s private economy will be thrown into chaos,
with gravely detrimental effects upon the lives, health, and property of
Virginia’s citizens, and with consequences fatal to the preservation of good
order throughout the Commonwealth; and
WHEREAS, Virginia can avoid or at least
mitigate many of the economic, social, and political shocks to be expected to
arise from hyperinflation, depression, or other economic calamity related to
the breakdown of the Federal Reserve System only through the timely adoption of
an alternative sound currency that the Commonwealth’s government and citizens
may employ without delay in the event of the destruction of the Federal Reserve
System’s currency; and
WHEREAS,
“legal tender” denotes a currency that must be accepted in payment of a debt
denominated in United States “dollars” if the parties have not stipulated that
some alternative currency is to be used as their medium of payment or are not
otherwise required to use such alternative currency; and
WHEREAS,
the Federal Reserve System’s currency has been designated “legal tender” under
color of Title 31, United States Code, Section 5103; and
WHEREAS,
under Title 12, United States Code, § 411 and Title 31, United States Code, §
5118(b) and (c), the Federal Reserve System’s currency is not redeemable in
gold or silver coin or the equivalent in bullion; and
WHEREAS,
that the Federal Reserve System’s currency is not redeemable in gold or silver
coin or the equivalent in bullion is being identified by more and more experts
as a, if not the, major reason for the ever-increasing instability of the
Federal Reserve System; and
WHEREAS,
all gold and silver coins of the United States are designated “legal tender”
under the aegis of Title 31, United States Code, §§ 5103 and 5112(h), and must
be so designated perforce of Article I, Section 8, Clause 5 and Article I,
Section 10, Clause 1 of the Constitution of the United States; and
WHEREAS,
pursuant to Article I, Section 10, Clause 1 of and the Tenth Amendment to the Constitution of the United States, each
State must make gold and silver coin a Tender in Payment of Debts; and
WHEREAS,
the Supreme Court of the United States in Lane County v. Oregon, 74 U.S.
(7 Wallace) 71, 76-78
(1869), and Hagar v. Reclamation District No. 108, 111 U.S. 701, 706
(1884), 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”;
and
WHEREAS,
“the police power” being the primary sovereign governmental function of every
State, under Lane County and Hagar every State may adopt its own
currency, consisting of gold or silver, or both, whenever necessary and proper
to facilitate exercises of that power in aid of the general welfare of the
State and its citizens; and
WHEREAS,
under the aegis of Title 31, United States Code, § 5118(d)(2), and perforce of
Article I, Section 8, Clause 5 and Article I, Section 10, Clause 1 of, and the
Ninth and Tenth Amendments to, the Constitution of the United States, Americans
may employ whatever currency they choose to stipulate as the medium for payment
of their private debts, including gold or silver, or both, to the exclusion of
a currency not redeemable in gold or silver that Congress may have designated
“legal tender”; and
WHEREAS,
under the aegis of Title 31, United States Code, § 5118(d)(2), and perforce of
Article I, Section 8, Clause 5 and Article I, Section 10, Clause 1 of, and the
Ninth and Tenth Amendments to, the Constitution of the United States, the
citizens of Virginia may choose to employ as the medium for payment of their
private debts whatever alternative currency, consisting of gold or silver, or
both, that the Commonwealth may adopt in the exercise of “the police power”;
and
WHEREAS,
in light of the possible instability of
the Federal Reserve System, proposals for states and their citizens to adopt an
alternative currency consisting of gold or silver, or both, are receiving
increasing attention throughout the United States, as evidenced by bills that
have been or are being introduced in the legislatures of the States of Georgia,
Indiana, Montana, New Hampshire, and South Carolina; and
WHEREAS,
various systems of alternative currency employing gold or silver, or both, in
the form of coin or its equivalent in bullion have already proved themselves in
the free market, and could either be employed by the Commonwealth directly or
be used as models for a new system created by the Commonwealth to meet
Virginia’s unique needs; and
WHEREAS,
the adoption of an alternative currency consisting of gold or silver, or both,
would not destabilize the present monetary and banking systems, the
Commonwealth’s governmental finances, or Virginia’s private economy, because it
would not compel or commit the Commonwealth or her citizens to employ such
alternative currency to the exclusion of the Federal Reserve System’s currency
immediately, but would merely make the alternative currency available, and
enable it to be used in competition with and preference to the Federal Reserve
System’s currency, to the degree that the need for such use became apparent;
and
WHEREAS,
the United States Congress, the U.S. Department of the Treasury, and the
Federal Reserve System have taken and are preparing to take no action to
provide the United States with an alternative to the Federal Reserve System’s
currency, in the likely event that the latter would be destroyed through
hyperinflation; and
WHEREAS, because legislators in Virginia
know or should know all of these facts; and because the
General Assembly has the authority, the ability, and the duty to take timely
action to deal with this situation without first seeking the approval of or
assistance from Congress or any other state; and because the Constitution of
Virginia provides, “That all power is vested in, and consequently derived from,
the people, that magistrates are their trustees and servants, and at all times
amenable to them”—for these reasons, the citizens of the Commonwealth will
properly conclude that the members of the General Assembly will be primarily
responsible if the Commonwealth is found to be without an alternative currency
when the Federal Reserve System’s currency collapses in hyperinflation, or some
other related economic calamity supervenes; now, therefore, be it
RESOLVED by the House of
Delegates, the Senate concurring, That a joint
subcommittee be appointed to study whether the Commonwealth should adopt a
currency to serve as an alternative to the currency distributed by the Federal
Reserve System in the event of a major breakdown of the Federal Reserve System.
The
joint subcommittee shall consist of eight legislative members who shall be
appointed as follows: five members of the House of Delegates to be appointed by
the Speaker of the House of Delegates in accordance with the principles of
proportional representation contained in the Rules of the House of Delegates
and three members of the Senate to be appointed by the Senate Committee on
Rules. The joint subcommittee shall elect a chairman and vice-chairman from
among its membership.
In
conducting its study, the joint subcommittee shall call or hear from such
witnesses and take such other evidence as it deems appropriate and shall
consider recommendations for legislation, with respect to the need, means, and
schedule for establishing such an alternative currency.
Administrative
staff support shall be provided by the Office of the Clerk of the House of
Delegates. Legal, research, policy analysis, and other services as requested by
the joint subcommittee shall be provided by the Division of Legislative
Services. Technical assistance shall be provided by the Treasurer of the
The joint subcommittee shall be limited
to six meetings for the 2011 interim,
and the direct costs of this study shall not exceed $12,000 without approval as
set out in this resolution. Approval for unbudgeted nonmember-related expenses
shall require the written authorization of the chairman of the joint
subcommittee and the respective Clerk. If a companion joint resolution of the
other chamber is agreed to, written authorization of both Clerks shall be
required.
No
recommendation of the joint subcommittee shall be adopted if a majority of the
House members or a majority of the Senate members appointed to the joint
subcommittee (i) vote against the recommendation and
(ii) vote for the recommendation to fail notwithstanding the majority vote of
the joint subcommittee.
The joint subcommittee shall complete
its meetings by November 30, 2011, and the chairman shall submit to the Division of Legislative
Automated Systems an executive summary of its findings and recommendations no
later than the first day of the 2012 Regular Session of the General Assembly.
The executive summary shall state that the joint subcommittee intends to submit
to the General Assembly and the Governor a report of its findings and
recommendations for publication as a House or Senate document and shall specify
the date by which the report shall be submitted. The executive summary and the
report shall be submitted as provided in the procedures of the Division of
Legislative Automated Systems for the processing of legislative documents and
reports, and shall be posted on the General Assembly’s website.
Implementation
of this resolution is subject to subsequent approval and certification by the
Joint Rules Committee. The Committee may approve or disapprove expenditures for
this study, extend or delay the period for the conduct of the study, or
authorize additional meetings during the 2011 interim.