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Message:: [QUOTE="19Lyds, post: 1131692, member: 15929"]I suppose the country could declare bankruptcy but the World Economic response might not be all that welcome to our economy. The alternative to the Federal Reserve would only be a slight change from what is occuring today in that the Federal Reserve Bank would simply be cut out of the picture and be replaced by US Government backed notes. In the past, those notes were backed by the gold and silver pulled from our ground but since gold and silver are now traded openly on the public market, any currency based upon their values would fluctuate with the open market. The only way to address this would be to have the rest of the World go back to a bullion backed currency and through the G8 have all the participating countries agree to a "fixed" price on the precious metal used to back the currency.I just do not see this happening without some major world conflict. As for NORFED, the way the news article is written, by golly he's guilty! However most folks that followed Liberty Dollars know that he was simply trying to introduce bullion bartering back as an acceptable form of financial exchange. Similar to what the State of Utah recently passed. Accepting bullion as a form of payment for taxes. (BARTER)[/QUOTE]