It had to happen soon or later, the American public is tired of what the idiots in Washington have done to the USD. No longer will Utah accept only the USD as the currency. The unconstitutional way in which the Federal Reserve has been used as Washington's personal piggy bank has caused Utah citizens to rethink gold and silver as a currency. The new law will make coins sales exempt from any state capital gains taxes. Ron Paul explains the dying dollar below:
The U.S. hasn't seen this in over 80 years. Forbes notes that Utah is one of the best-managed states in the union and returning to gold and silver as currency could help it stay that way.
"For those who do not believe that the U.S. dollar may be in trouble, consider the following: According to China Daily, China and Russia have used a number of currencies previously, but especially U.S. dollars for "bilateral trades." However, according to the paper in November 2010, "China and Russia have decided to renounce the USD and resort to using their own currencies for bilateral trade." Premier Wen Jiabao and Vladimir Putin made the formal announcement.
Russia also has reached out to Europe. Putin called for closer economic ties between Russia and the EU. In his speech, he outlined his vision for the future and desire to create a Free European-Russian trade zone. However, the most critical part of his speech came when Putin said, the "euro is slightly fluctuating but. . .it's a good, stable world currency that should take its rightful position as the world reserve currency. . ."
Big changes are coming to America and it's still unclear exactly how all of this will end up; with any luck, this alternative might just return this country to some sanity. The Utah Sound Money Act could be the start of something in the right direction for a change.