Submitted by: Donald Hank
The euro is debased and in disrepute to the extent that the notion of reviving national currencies is suddenly gaining popularity around Europe.
It may be too early to think about US states and regions acting analogously and minting their own currencies.
On the other hand, if the Fed continues to print close to a trillion a year, it doesn't take a genius to foresee the encroachment of hyperinflation. So what do you do when a cool grand doesn't buy you a bottle of mik and when gold reaches $100,000/oz?
At that time, I am quite certain people will be floating the idea of minting a new and better currency. We might as well at least think about it now. Waiting to be hit with a worthless dollar and then trying to introduce a new unknown currency would be a mistake.
Don Hank
Dissolution of the “coercive euro association.” An orderly end of the monetary union. Countries should be able to legally exit if they “could not, or did not want to remain.” The euro would be replaced by parallel national currencies or smaller, more stable monetary unions.
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