Could States Pave The Way For Currency Competition?
Posted by freedomforall 9 months, 3 weeks ago to Economics
Excerpt:
"While the dollar won’t be displaced overnight, fostering a competitive environment where it needs to compete with sound money backed by gold is the best option for all fifty states. Citizens can decide which currency they trust, and the laws of supply and demand will determine the winner.
Currently, there are seven US states with existing laws granting legal tender status to foreign currencies that have legal tender status within their foreign borders. These states are Texas, Louisiana, Florida, Oklahoma, Tennessee, Alaska, and Arkansas.
Once a foreign country gives legal tender status to a secure, stable, functional, transparent, and legitimate gold-backed monetary system within its territory, it will have de facto legal tender status in these seven US states. Many friendly nations will soon have a solution to offer these seven states who are well-positioned to catch that wave when the opportunity presents itself.
Local governments should take proactive measures to prepare for the inevitable. While a governor’s executive order to supplement existing laws may not be necessary, such an order could help rally and focus statewide attention on the opportunity. One or more of these seven states could become a powerful magnet, attracting individuals who seek to move away from fiat currencies to money backed by gold. There is a significant first-mover advantage awaiting any state (or a group of states acting in unison) that takes the lead."
"While the dollar won’t be displaced overnight, fostering a competitive environment where it needs to compete with sound money backed by gold is the best option for all fifty states. Citizens can decide which currency they trust, and the laws of supply and demand will determine the winner.
Currently, there are seven US states with existing laws granting legal tender status to foreign currencies that have legal tender status within their foreign borders. These states are Texas, Louisiana, Florida, Oklahoma, Tennessee, Alaska, and Arkansas.
Once a foreign country gives legal tender status to a secure, stable, functional, transparent, and legitimate gold-backed monetary system within its territory, it will have de facto legal tender status in these seven US states. Many friendly nations will soon have a solution to offer these seven states who are well-positioned to catch that wave when the opportunity presents itself.
Local governments should take proactive measures to prepare for the inevitable. While a governor’s executive order to supplement existing laws may not be necessary, such an order could help rally and focus statewide attention on the opportunity. One or more of these seven states could become a powerful magnet, attracting individuals who seek to move away from fiat currencies to money backed by gold. There is a significant first-mover advantage awaiting any state (or a group of states acting in unison) that takes the lead."
BRICS is developing one now and those participants would be open to other asset backed currencies.
That won't happen as long as the looting traitors run America and its military.