Tuesday, February 28, 2012

Wyoming state government prepares for "doomsday" collapse of federal authority, U.S. dollar

From:
Wyoming Advances "Doomsday" Bill for Potential U.S. Collapse

(The New American) -- by Alex Newman --

Lawmakers in the Wyoming House of Representatives approved a bill on Monday for the second time to explore how the state might respond to a possible “doomsday” scenario such as the economic or political collapse of America. Some of the potential responses to be considered include the issuance of an alternative currency in the event of a dollar meltdown or how the state might deal with a “constitutional crisis.”

If the legislation becomes law, a special task force would be formed consisting of state Representatives, state Senators, and several key members of the executive branch, including the Wyoming National Guard. The commission would be charged with considering various scenarios and preparing a report on its findings and recommendations by December of this year.

Among the hypothetical developments cited in the legislation to be considered by the panel are the potential effects of "the rapid decline of the United States dollar and the ability to quickly provide an alternative currency." A situation in which the federal government crumbles would also be examined.

Other scenarios to be considered include a potential “constitutional crisis” and disruptions in food or energy distribution. An amendment to the bill that was later removed even called for the task force to examine “conditions under which the state of Wyoming should implement a draft, raise a standing army, marine corps, navy and air force and acquire strike aircraft and an aircraft carrier.”

The original sponsor of the bill, Republican State Rep. David Miller, told the Casper Star-Tribune that such catastrophic scenarios are unlikely to strike America anytime soon. But with Washington D.C.’s out-of-control budget deficits and a national debt that is now officially larger than the nation’s GDP and growing — not to mention the unfunded liabilities estimated in the hundreds of trillions — the situation could turn ugly very rapidly.

“Things happen quickly sometimes — look at Libya, look at Egypt, look at those situations,” Rep. Miller told the newspaper. “We wouldn’t have time to meet as a legislature or even in special session to do anything to respond.”

As protests continue to grow across America and wealthy individuals flee the nation in increasing numbers, the trend is ominous, Miller explained. Meanwhile, economic and social problems could keep growing to the point where they spiral out of control. And Wyoming needs to be ready just in case, he said.

Then there is the monetary system. In recent years, the Federal Reserve System has accelerated its creation of vast sums of new debt-based money. Literally trillions of dollars has been used — without so much as congressional approval — to bail out big banks, foreign central banks, and financial institutions, and even mega-corporations outside the banking system.

The U.S. dollar, which today functions as the world reserve currency, has been steadily losing value over the years — well over 90 percent of its purchasing power evaporated since the central banking cartel seized power in 1913. And confidence in Federal Reserve Notes and the institution that issues them has plunged around the globe in recent years.

“If we continue down this course, this is the way any society ends up — with a valueless currency,” Miller told the Star-Tribune. So the state government needs to at least consider the prospect. Citizens and taxpayers deserve nothing less...MORE...LINK

No comments: