Some U.S. States Likely to Launch Their Own Currency as Financial Collapse Looms
Ed Dowd sounds off. Article by Ethan Huff from Natural News cross-posted with permission.
It is highly unlikely that the United States government will be able to effectively roll out its planned central bank digital currency (CBDC) because in order to maintain it and keep it functional, there needs to be plenty of workers to maintain it – except those workers are either too sick to continue working or are already dead due to Wuhan coronavirus (COVID-19) "vaccines."
(Article cross-posted from Natural News)
The situation is tragic both for the human lives lost and for the U.S. economy, which will eventually collapse under the weight of too many broken systems and not enough employees to fix them and keep them going – so what will become of things once that critical threshold is breached?
Portfolio manager Ed Dowd appeared on the "Health Ranger Report" this week to discuss this pertinent issue, and to reveal what he believes could end up replacing a nationalized CBDC.
Since there are so few competent and available workers to maintain a CBDC at the nationwide level, Dowd believes it entirely possible that states could end up launching their own individual currencies.
"If this gets super creepy and weird, there'll be states that break off, civil war, you know, you'll have, like – during the Civil War, we had Confederate money – we'll have different entities issuing their own money," Dowd explains around the 13:45 mark in the below video – be sure to watch.
"That's where we're going eventually. There are going to be black markets, barterer, work trade."
(Related: Check out this earlier interview with Dowd in which he unpacks in further detail the devastating economic implications of all the covid jab injuries, disabilities, and deaths.)
The only money that will be worth anything in the future is the kind that's backed by SOMETHING
The coming financial collapse, by the way, would not be possible to the degree that it will soon occur – and boy is it going to be massive – were it not for the fact that the U.S. dollar is a Federal Reserve Note issued by private bankers who pegged it to nothing.
There is quite literally no end to the amount of U.S. dollars that can be printed endlessly to fund wars and other globalist activities, which is exactly what has been happening ever since the Federal Reserve was created back in 1913.
The rate at which the dollar is being diluted into oblivion is constantly speeding up, of course, and only in the past several years has it really become apparent just how much up poop creek this country really is, financially speaking.
The Health Ranger told Dowd that he actually hopes the state of Texas, where he lives, will launch its own state-level currency to prepare for the future. He says it can be backed by oil, gold, food, whatever, and ultimately hold more value than the worthless U.S. dollar.
"I would love to see Texas issue its own currency ... if it were backed by ... anything that's real, versus this money-printing madness in D.C. and the Federal Reserve – another trillion here, another trillion there, another $100 billion for Ukraine, but nothing for the U.S. border?"
"Any kind of honest ledger would be better than what we have right now where our purchasing power is just stolen from us every single day."
In Dowd's view, it all depends on just how "kooky and weird" things become in the coming days. With a fake puppet "president" occupying the White House and a completely divided country, there really is no telling how dire things will get.
The latest news about the coming-soon collapse of the U.S. and Western economies can be found at Collapse.news.
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I’ve been saying this for years now. This, along with state run banks completely disconnected from the feds is the ONLY way out - though the constitution prohibits it so it will likely result in a civil war, once again started by DC. Stolen elections have consequences, I suppose.
Another effect of states issuing their own currency? People holding that Texas currency will become richer relative to the U.S. dollar with each U.S. dollar printed. So your Texas dollar may start at parity to the US dollar in terms of value but a year later, your Texas dollar will be worth, for example, $1.25 in US dollars (not unreasonable given all the inflation and money printing). That Texas dollar, preferably backed by gold, will still buy what it bought a year ago, whereas the US dollar won’t. You’ll need $1.25 US dollars to buy what you did a year ago. As a side note, that extra $.25 is the amount of money these people are stealing from us each year now... and there are trillions of dollars in circulation around the globe. I do however think this scenario is very unlikely as most people are too weak willed to fight for this endeavor and would rather live in ever increasing poverty a la Les Miserables.
Actual wealth in an economy consists of goods or services that have intrinsic or utilitarian value. The BAD GUYS are destroying the medium of exchange, but also the means of wealth creation. So the States may create their own currencies, but if there is nothing to buy or sell - no groceries, no appliances, no tools, .... then the "medium of exchange" is worthless. A guy with a pallet of $100 bills on a desert island all alone is not "rich" by any stretch. Even a guy with a pallet of gold ingots. You can't eat it and there's nothing of value to trade it for. This is a planned GENOCIDE and the Bad Guys have blocked all the exits. Pray for strength and wisdom to escape all these things that are coming on the earth; we will ALL stand before the Son of Man to give an account. This is not a trial run. The Bad Guys are serious, and so is God.