Meanwhile, back in the States;http://trib.com/news/state-and-regional/govt-and-politics/wyoming-house-advances-doomsday-bill/article_af6e1b2b-0ca4-553f-85e9-92c0f58c00bd.html#ixzz1nRiojqAL
House Bill 85 passed on first reading by a voice vote. It would create a state-run government continuity task force, which would study and prepare Wyoming for potential catastrophes, from disruptions in food and energy supplies to a complete meltdown of the federal government.
The task force would look at the feasibility of:
Wyoming issuing its own alternative currency, if needed. And House members approved an amendment Friday by state Rep. Kermit Brown, R-Laramie, to have the task force also examine conditions under which Wyoming would need to implement its own military draft, raise a standing army…
First part I get, the last part....
States begin to prepare for economic collapse in the UShttp://www.examiner.com/finance-examiner-in-national/states-begin-to-prepare-for-economic-collapse-the-us
On Friday, February 24th, legislators in the state of Wyoming began passage of a bill that will launch a study to determine how the state would deal with a complete economic or political collapse in the US. The state of Wyoming is just one of several states across the country seeking ways to deal with the very real potential of an economic collapse as debt and dollar devaluation threatens the monetary fabric of American society.
While the state of Wyoming is in the early stages of determining a course of action in the case of economic collapse, three other states in 2011 have debated and passed legislation to legalize the use of gold and silver as currency in intra-state transactions. Utah, Virginia, and North Carolina have proposed or are implementing these programs right now, and as dollar devaluation from the Federal Reserve increases, many other states could join in on the discussion.
Dunno about the other states, but I remember Gov. McDonnell saying he would veto the bill... can't find anything more on it.
The threat of local and national economic collapse is no longer a conspiracy, as just last week, Stockton, California became the third major city, along with Harrisburg, Pennsylvania, and Jefferson County, Alabama to prepare for, and declare bankruptcy. This does not include the decline of cities such as Detroit and Baltimore who are pulling back city services in large portions of their municipalities, and leaving large areas open to crime and urban decay.
Here's the thing,
While I understand the need to put plans into effect, as a just incase the dollar fails
, scenario... I wonder about the wisdom of an alternate currency within the state for "intra-state transactions".
While I worry about the collapse of the dollar, I worry that this sort of alternate currency would further devalue the dollar from within...
I mean, if people begin to use a different form of currency (barter aside, that's been done for ages, but this is a state sanctioned move) Wouldn't that hasten the decline of the dollar?
I mean, prepping is one thing, speeding up the demise of the economy just seems like a really questionable idea...