Step 1: Stop Accepting Federal Funding Step 2: Enforce 10th Amendment Nullification
Step 3: Set Up A State Bank
Step 4: Resource Development
Step 5: Adopt Alternative Currencies
Step 6: Encourage Localized Markets
Read it at Alt-Market.com
How States Can Protect Themselves From Financial Collapse
by Brandson Smith
(h/t Zero Hedge)
I post this to show where some people are, and it is probably a lot of them judging from the politics of the time and what is posted at places like Zero Hedge. This is basically a recipe for turning the US into a confederation rather than a Union, with states competing with each other. As the author notes, the big states would have an advantage. It would result in regionalism dominated by big states.
6 comments:
Would you advocate the eurozone moving forward to a full fiscal and political union, or breaking up into a separate currency-issuing countries within a looser union?
i am just a novice in economics, but it looks to me, from what i've read, the collapse of the euro is inevitable, the whole sector balance thing.
The Eurocrats were counting on using currency union to push to the political union necessary for fiscal union when it failed the democracy test at the ballot box. It hasn't worked out so well.
It is doubtful that political approval for a political-fiscal union could be achieved now, which leaves the alternatives of continuing to punt, revising treaties, or watching the collapse of the EMU as structured through market and political forces.
"…from what i've read, the collapse of the euro is inevitable…"
From what I've read the Eurozone has already failed and we are now witnessing the system coming apart as a slow-motion train wreck.
No matter how hard we try we will be unable to ignore the natural laws of systems.
I don't think that the EZ is ready politically for a fiscal union. It is crazy to try to force one, in my view. But others think that the EZ is ready politically.
There will have to be a lot of painful setbacks before a fiscal union is considered seriously.
I don't see the Germans going for it. They are an exceptionally stubborn bunch.
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