Pericles,the US $ has just begun to slide.Soon it will collapse.There is a trend already to accept Euros and even Mexican Pesos in leiu of $.

I think we will see many states succeed from the Union and may well create their own currencies.Then they won't have all the debt that created by the Fed controlled Govt of Obama.Let the Federal Reserve pay all the debts,since they created the problem in the first place,

Very fanciful, Arjay.

>>I think we will see many states succeed [sic] from the Union and may well create their own currencies.<<

Neither of these will occur. Secession is not a serious option. And what would the States use to pay their existing debts?

Try thinking these things through, occasionally. You will quickly see how impractical they are.

The US will muddle through, and come out of this with a little less clout and - possibly - a more sober and realistic view of their position in the world economy.

Possibly.

Pericles is right,

South Africa has the Kruger Rand, and the US treasury has the gold eagle, both coins with 1 troy ounce of gold and nominally worth R1 and $1 as legal tender, but trading based on the value of the metal.

i will skip over how honest money means coin[only]
nickle often out values its face value
just like gold/silver/copper before it

but i said all that before

i just visited my regular news site
http://whatreallyhappened.com/

just about every topic screams for hearing
[we are going bad quicker than thought

but i will reply your question
'whats the alternative'

there is no one fix it for all the problems
like nbm cancelling all tender aplications..because the main tenders plan to sub tender it out

[thus have boosted up their tender price
into fanticy world..just like tendering in western australia[on the gas fields'project']

the cure for nbn is for govt to do the cable replacement..itself

[using work for the dole]..to do the 'work' needing to be done for a reasonable distance from home[say 5 or ten k]..with a bonus or share in their labours

[say free web connection
or a value in future nbn shares]

how to fix the govt debt problem..is via people needing to deney its obligated on them to repay ODIOUS debt[ie debt criminallly laid upon them..[re the p.i.g.s][bailing out bankers isnt govt responsability..[thats why they got fed reserves for]..

govt putting out bonds is why the fed was created
before the bankers subverted it into their own privatised franchise[literally a money creation machine]..by fiat[by decree]

trouble being they created a fiction..
that had no value in it]..so they simply 're-possesed' homes]
they never possesed in the first place
http://www.theatlantic.com/business/archive/2011/04/some-banks-should-face-criminal-charges-over-foreclosuregate/236838/

of course there are other problems
http://video.google.com/videoplay?docid=-5151512921334112942#
but these can be cured by govt seizing assets globally
[nationalisation]..
then returning to honest currency based on coin
[at real 'true'values]..1 cent=1 dollar]

leaving the fiat paper and securities market
to live [or die]..by the capitalists sword
[viability or non viability]
honest product/service

workers get paid in cash coin
not fiat credit..[in paper/notes]

why?
the system is broke
only the poor arnt broke
http://www.youtube.com/watch?v=ZBSMyS1CdL8&feature=related
and govt governs for the poor
http://video.google.com/videoplay?docid=-5151512921334112942#
http://dailybail.com/home/video-from-bankrupting-america-whos-more-responsible-charlie.html
http://whatreallyhappened.com/WRHARTICLES/ndebt.php
http://dailybail.com/home/government-capture-by-the-big-4-accounting-firms.html
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/4/5_Richard_Russell_-_US_Dollar_Collapse_Will_Accelerate.html
http://dailybail.com/home/vanity-fair-exclusive-billions-over-baghdad-how-9b-disappear.html
http://whatreallyhappened.com/WRHARTICLES/ARTICLE3/index.php

it may well be that the and and the gold dollar are really valued in the gold value[by many]..but fools think one dollar is allways worth one dollar

so here is how the clever fool the fools
say i will work for only a dollar a day
ie meaning a gruger rand..or gold dollar

im on the face of it only getting 1 dollar or one rand
[and paying any taxes on..a paper or 'fiat' dollar]

that states are issueing their own 'dollar'
means the state is paying some people
much more than..a 'paper' dollar
[in real value]..[ie in gold]..

yet on the 'face of it..
its only value is one dollar
[made up from 1000 dolars in gold values]

great..if you can get it?

see how easy it is to get conned
all coin must have honest face values
[or its a lie]..a dollar is a unit of measure*

it is a specific weight..
allowing the weight./.*to be the value
underpining its TRUE-exchange value

but i have explained it all so many time's
let the bankers/capitalists..play in paper/promises

let govts pay
*ONLY..in only coin

its by govts issueing promises[ie bonds...
bearing 'intrest'[ursury]
that governance has gotten corrupted

[lending its own money from bankers
and then bailing them out ..by putting bailouts upon the poor

govts can only mint
their coin in real values
in real metals or coin..[held mainly by the poor]

any fool can print paper money or paper bonds or legal-paper promises..these are the instruments of evil..[ok potential evil]

only by govts only working in coin
by returning true values to coin
[1 cent=one dollar]

can true sustainability
return to the money system

look at the constitution

only coin is lawfully constituted as legal/tender..!
chap v 115

Not so, one under god.

>>look at the constitution only coin is lawfully constituted as legal/tender..! chap v 115<<

Look again.

"115 States not to coin money
A State shall not coin money, nor make anything but gold and silver coin a legal tender in payment of debts."

This clause simply tells the States that they cannot issue their own currency, a process that remains the prerogative of the Commonwealth.

But the clause does allow, for example, the Perth Mint to issue metal coins with a face value...

http://www.perthmint.com.au/

...but you'd be a mug to use them that way to pay your grocery bill.

And I wouldn't try this, if I were you.

>>so here is how the clever fool the fools say i will work for only a dollar a day ie meaning a gruger rand..or gold dollar im on the face of it only getting 1 dollar or one rand [and paying any taxes on..a paper or 'fiat' dollar]<<

The ATO will assess the value transferred. Which in this case would be the value of the gold.

And they would find out, because your employer would have had to buy that "gold dollar", at the going rate. So his books would show that he paid you in real money, on which you would be required to pay tax. Don't forget, the employer has to withhold and report PAYE, so this is quite transparent.

"Money" has no intrinsic value. It is purely and simply a convenient method of value exchange. If you bury "money" in the ground, it has no value, whether as gold or as paper. It is only when you dig it up again and use it, that any value can be realised.

All this gabbing on about "fiat" currencies hides the simple fact that gold and silver (and any other metal you care to use) are themselves "fiat". Someone said, let it be so, and so it was. There's nothing particularly special about gold, after all.

It's just another mineral that we dig up. Like paper is just a tree in a substantially transformed state.