Friday, September 30, 2011

States to Financially Break Away from Federal Government

I received this email this morning from Ron Hera about how states are establishing their sovereignty and getting ready for the mathematically inevitable collapse of the dollar.  Besides Utah 12 other states proposing gold and silver legal tender laws Colorado, Georgia, Montana, Missouri, Indiana, Iowa, New Hampshire, Oklahoma, South Carolina, Tennessee, Vermont and Washington. Ron Paul is sponsoring HR 1098 for competition of currencies.   This ties in very well with my ultimate solution I have planned.  Please read this and understand a new monetary paradigm is coming for all, so start getting ahead of the curve.


Chris,

This is the most important message I have ever sent.  I urge you to read it and to share it with others.

Earlier this week I attended the Utah Monetary Summit in Salt Lake City, Utah.  As you may know, the state of Utah passed a Legal Tender Act earlier this year authorizing the use of federally minted gold and silver coins as money in the state of Utah.  Now, legislators in other states, many of whom attended the Monetary Summit, are evaluating similar legislation.

Among other things, this means the United States is approaching a Constitutional crisis because states are beginning to financially break away from the federal government.  This is no less serious than the American War of Independence or the War Between the States.  The Utah Monetary Declaration (below) is a financial declaration of independence whereby states are beginning to opt out of the Federal Reserve System.  A major confrontation seems inevitable.

The issues underlying this historic development include:

1.  The unsound condition of large U.S. banks, which have inaccurate and crumbling balance sheets along with $250 trillion in high-risk OTC derivatives contracts;

2.  The unstable nature of the U.S. and world financial systems, characterized by unworkable levels of sovereign debt and private debt and by over $600 trillion in OTC derivatives liabilities;

3.  The excessive levels of federal government debt and unfunded liabilities combined with falling federal tax revenues prior to the start of the double-dip recession that began in the second half of 2011;

4.  The radically inflationary monetary policies of the federal government and of the Federal Reserve, which promise high inflation or hyperinflation in the future;

5.  The worsening condition of the real U.S. economy outside of large banks, multinational corporations, and Wall Street firms, where federal government bailouts and Federal Reserve monetary easing (money printing) transfer wealth from proverbial Main Street to literal Wall Street;

6.  The rapidly escalating polarization of the distribution of wealth, which threatens not only the economic stability of the United States but also its social and political stability; and

7.  The current, highly inflationary monetary system is plainly unfair and fundamentally immoral.

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