The Fat's In The Fire

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North Carolina is looking at issuing its own gold and silver money. They are also working on making gold and silver legal tender, as Utah has already done.

What does this mean. It has never happened before exactly like this.

Answer: Banks long ago used to issue paper money backed by their bank deposits, but, as far as I know, no state has ever issued metal money in gold of silver coin. There may have been something of this sort back in Colonial days, but not in many years.

This move forces the gurus in Washington DC to try to explain how very safe the dollar is. Millions of Americans are holding their breath, wondering if we are another Weimer Republic about to tank. What NC is doing is forcing the issue, while they also get ready to stand at the front of the monetary line with real money.

Please, Rick Perry, DO SOMETHING TEXAN PLEASE.

If North Carolina can pull this off, with their lack of resources, Texas could easily do it using oil to back up the arrangement.
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