Not only is the world apprehensive about U.S. fiscal policies of these past few years; so are the states. South Carolina, Virginia, and now North Carolina have introduced bills that would mandate that precious metals replace or act as a substitute for our federal currency.
The profligate spending and naked power grab of our nation’s health care system by the Democratic Party have put everyone on alert. The states are not only setting up federally mandated health care exchanges; they are also establishing exchanges for currency:
South Carolina Rep. Mike Pitts has introduced legislation that would mandate that gold and silver coins replace federal currency as legal tender in his state.
In an interview, Pitts told Hotsheet that he believes that "if the federal government continues to spend money at the rate it's spending money, and if it continues to print money at the rate it's printing money, our economic system is going to collapse."
"The Germans felt their system wouldn't collapse, but it took a wheelbarrow of money to buy a loaf of bread in the 1930s," he said. "The Soviet Union didn't think their system would collapse, but it did. Ours is capable of collapsing also."
Everyone is watching this train wreck. The IMF, China, and Russia have all proclaimed that the international community needs a world currency. We are witnessing the death of the dollar; thank you Democratic Party.
Source: http://www.cbsnews.com/8301-503544_162-6217403-503544.html
http://www.thefinancialphysician.com/blog/?p=5611
http://ncrenegade.com/editorial/nc-renegade-exclusive-first-draft-of-the-north-carolina-constitutional-hard-tender-act/
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