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Monday, 28 March 2011 23:00

Tenn. Joins States Considering Alternate Currency Legislation

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Bill KetronOn February 22, Tennessee State Senator Bill Ketron (R-Murfreesboro) introduced a joint resolution in the General Assembly calling for an official inquiry into the advisability of the state adopting an optional currency in case of the collapse of the Federal Reserve.

According to the text of Senate Joint Resolution 98, Ketron’s purpose in initiating such a proposal is "to create a special joint committee to study whether the State of Tennessee 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."

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