A growing number of states are seeking shiny new currencies made of silver and gold.

Worried that the Federal Reserve and the U.S. dollar are on the brink of collapse, lawmakers from 13 states, including Minnesota, Tennessee, Iowa, South Carolina and Georgia, are seeking approval from their state governments to either issue their own alternative currency or explore it as an option. Just three years ago, only three states had similar proposals in place. (Read more)

This was very interesting. It’s definitely a worst-case and I disagree with some of his points. Nevertheless…

This will continue to quietly spread.

Iran and Russia have replaced US Dollar with their own currencies in their trade ties, a senior Iranian diplomat announced on Saturday.

Speaking to FNA, Tehran’s Ambassador to Moscow Seyed Reza Sajjadi said that the proposal for replacing US Dollar with Ruble and Rial was raised by Russian President Dmitry Medvedev in a meeting with his Iranian counterpart Mahmoud Ahmadinejad in Astana on the sidelines of the Shanghai Cooperation Organization (SCO) meeting. (Read more)

Wow!

. . . at least from an activist point of view.

Ron Paul at the Concord Monitor from Concord Monitor on Vimeo.

This is the actual headline. here

Reaction on LRC: Greenspan Comes Clean and Endorses the ‘Zimbabwe-Weimar Solution’

* Dollar getting beat up.

* Gold / silver pull back because of pullback from Euro?

* Bernanke says, essentially “it ain’t money if I can’t print it.” Says people buy gold because of uncertainty. But Peter is buying gold b/c he is certain Bernanke is destroying the dollar.

* Bernanke claims dollar’s worth has nothing to do with America’s purchasing power. Is he nuts?

* By saying the U.S. will default if the credit ceiling isn’t raised, Obama tells U.S. creditors how low they are on the totem pole of who gets paid.

* Another NIA pump-and-dump scam.

Fantastic, readable, essay here: http://mises.org/daily/5407/Is-Higher-Inflation-Inevitable