Dear Friends,
My HJ 590 to study what to do in case of terrorist cyber-attacks on Virginia banks or other situations of economic collapse will be heard by the Senate Rules Committee Thursday afternoon, February 14, 2013. Please contact the members of the Senate Rules Committee and ask them to support HJ 590.
Contrary to what has been purported in some mainstream media the purpose of the HJ 590 is NOT to reinvent money. And it is NOT for Virginia to establish gold and silver coins as legal tender as payment for debt even though the Founders provided for that in 1789 (Const., Art 1, Sect. 10) and Utah is already doing it.
The main purpose of HJ 590 is to examine ways to restore the integrity of America's money and call attention to the need to establish a stable monetary foundation for a self-governing nation devoted to free markets and free people. Our money should provide a reliable unit of account and a dependable store of value, in keeping with the intent of our Founders.
Virginia banks and financial institutions recently sought help from the Pentagon to deal with foreign threats to their computers. In December 2012 the US Comptroller of the Currency alerted banks nationwide of the possibility of serious commerce-halting cyber-attacks on US banks. As recently as today the
Washington Post reported that there is an ongoing problem with Chinese hacking of U.S. business websites.
Virginia needs to have a plan in place to deal with a serious economic breakdown whatever the cause and HJ 590 will give us the means to have that plan at the ready.
Senate Rules Committee
Thank you.
Delegate Bob Marshall
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