Ed Dowd sounds off. Article by Ethan Huff from Natural News cross-posted with permission.
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.
Gold or Silver, I'd like those coins to be usable, not as an investment. Right down to real copper pennies and dimes.