While the recent short-term decrease in gold prices creates a
negative impact on consumer confidence, in the long run, it is still on
the rise with the American public as well as state government officials
starting to ring the US dollar panic bell louder and louder.
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As
Black Ellis reported on CNN Money* back in February, 2012, legislators
from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and
Georgia, have been lobbying the issue of creating an alternative state
currency.
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"In the event of hyperinflation,
depression, or other economic calamity related to the breakdown of the
Federal Reserve System ... the State's governmental finances and
private economy will be thrown into chaos", stated Glen Bradley, North Carolina Republican Representative, in his recently introduced currency bill.
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