NEW YORK (CNNMoney) -- A growing number of states are seeking shiny new currencies made of silver and gold.
Worried
that the Federal Reserve and the U.S. dollar are on the brink of
collapse, lawmakers from 13 states, including Minnesota, Tennessee,
Iowa, South Carolina and Georgia, are seeking approval from their state
governments to either issue their own alternative currency or explore it
as an option. Just three years ago, only three states had similar proposals in place.
"In
the event of hyperinflation, depression, or other economic calamity
related to the breakdown of the Federal Reserve System ... the State's
governmental finances and private economy will be thrown into chaos,"
said North Carolina Republican Representative Glen Bradley in a currency
bill he introduced last year.
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