Supreme Court Ruling: State Sponsored Banks Can Disband from the Federal Reserve System and Issue Their Own Currency
The Supreme Court upheld the state's right to maintain its own charter and allow state banks to issue gold-backed currency, bypassing the Federal Reserve's corporate system.
How does this affect deposits? Insurance? States to have their own insurance?
I really have no idea. All I know is, we might be in some kind of crisis unless your state is informed in advance to adequately deal with it. I told my friend one state is trading in apples and the other rice. We all be in trouble.
That's when crypto will come into glory here.
I am not thrilled with crypto. It doesn't jingle in your pockets. When they shut off the lights you can't use it. It seems like a coin that's real value is tied into how many megawatts it took to mine it. I also get creeped out about climate change elites telling the sheep to conserve energy while they are siphoning off tons of electric to mine these things. I would rather see sound money policies and less DC/Wall Street criminals.
I do both. The jingle kind and crypto. I have very little crypto.