36 U.S. Cities in 20 States "Abandon" the Dollar

[Barefootsies]

Scary.

Recently, famed billionaire Warren Buffett warned we should "fear paper money."

And with the U.S. dollar losing 38.5% of its value since 2002, Buffett's concerns are unfortunately justified.

However, he probably couldn't have imagined a secret currency crisis that's developing very quickly across America now.

36 cities in 20 states have taken aggressive measures to abandon the U.S. dollar.

And more are planning to do so in the near future.

In an exclusive interview with Money Morning, Silicon Valley veteran and Fox Business analyst, Michael Robinson investigated this startling trend.

"These cities and towns are essentially telling people they no longer want them to pay their water and heating bills, or parking tickets, really anything with U.S. dollars anymore," Robinson said.

However, it's not just the cities taking steps to protect themselves from the rapid decline of the once mighty dollar.

Michael Robinson predicts that, as more U.S. cities take action to abandon the dollar, it will become clear this is the most important economic story happening in the world.

"Folks need to understand, this isn't just happening in America. In China they're abandoning both U.S. dollars and gold for this new form of currency. In Germany, entire towns have abandoned the EURO. So no money is sacred," Robinson warned.

FULL STORY

[slapass]

Makes sense as it is expensive to take it.

[kane]

It doesn't say what these people are being paid in. It is Euros, Bitcoin, what?

[MaDalton]

In Germany, entire towns have abandoned the EURO. So no money is sacred," Robinson warned.

what kind of utter bullcrap is that???

i think that dude smoked too many dollar bills

[Rochard]

So your thread title is misleading - they didn't "Abandon" the dollar, but are taking steps in that direction. That's a bit misleading.

I cannot see us being without cash. There are just too many places that do not accept cash. High school football games and flea markets come to mind - No way I want to swipe my card with people I don't know.

[Bourke]

Quote:
Michael Robinson predicts that, as more U.S. cities take action to abandon the dollar, it will become clear this is the most important economic story happening in the world.

More of American's thinking they're the most important thing in the world. The ongoing financial crisis in Europe is of far greater international importance than a handful of tin pot US towns not wanting to be paid in cash.

[Barefootsies]

Originally Posted by Bourke

More of American's thinking they're the most important thing in the world. The ongoing financial crisis in Europe is of far greater international importance than a handful of tin pot US towns not wanting to be paid in cash.

[Marcus Aurelius]

What would Franck do?

[Matt 26z]

That isn't a real news site. Everything is set up to sell info products.

[xNetworx]

[AaronM]

Originally Posted by kane

It doesn't say what these people are being paid in. It is Euros, Bitcoin, what?

Bitcoin. Watched the linked video.

http://pro.moneymappress.com/NVXBITCOIN2014/PNVXQ238/

[Evil1]

lost all credibility instantly the second i figured out I was on a internet infomercial.

Might as well try selling me a slapchop, you're chances are higher and I might have spent more then 7 seconds on the site.

[pornmasta]

Originally Posted by MaDalton

i think that dude smoked too many dollar bills

[pornmasta]

Originally Posted by Marcus Aurelius

What would Franck do?

Bit what ?

[John-ACWM]

Originally Posted by CamBoss

Funny pic, yet the subject is interesting.

[greenleaf]

Be very skeptical of any "news" article without a clear byline or a date attached to it.

This is a generic looking article designed, as someone else mentioned, to drum up sales of panic-based infoproducts.

I'll pass.

[seeandsee]

and they started to use bitcoins?

[kane]

I did a few searches on it. It looks like the town in question in the article Vicco, Kentucky has about 350 people in it and it is the police chief that wants to be paid in bitcoins.

It is a risk seeing as bitcoins have lost about 20% of their value in the last couple of days.

[Manfap]

the dollar has lost 38.5% of its value since 2002 because your government wanted it to.

[OneHungLo]

Originally Posted by Bourke

Quote:
Michael Robinson predicts that, as more U.S. cities take action to abandon the dollar, it will become clear this is the most important economic story happening in the world.

More of American's thinking they're the most important thing in the world. The ongoing financial crisis in Europe is of far greater international importance than a handful of tin pot US towns not wanting to be paid in cash.

[tony286]

its a guy trying to sell memberships to his site. No harm in that but it aint news.

[KillerK]

WTF

you aren't supposed to out landers here

[_Richard_]

so not taking paper money is 'the abandonment of the dollar'?

why am i reading this as 'wanting to be paid electronically'

[Jman]

Originally Posted by kane

It doesn't say what these people are being paid in. It is Euros, Bitcoin, what?

Epassporte payments ... Cities in motion

[mineistaken]

I doubt there is any GFY poster who would even consider this story to be true. I did not read full story, nor replies, and best case scenario - they abandoned cash, not dollars. Worst case scenario - onion news.

[lezinterracial]

Originally Posted by Jman

Epassporte payments ... Cities in motion

Or

[ilnjscb]

What an awesome vanity article - Although they ignored the proven rule, "mention the buyer's name over 20 times" because they only mentioned his name 10 times in a 500 word article! That means that in some cases over 49 words went by without a mention of his name or his AMAZING credentials!

This guy is the real deal in terms of vanity journalists, or whatever he is. He makes the other big dollar-talking publicity hound Roubini look like he is standing still!

[Theo]

"In the 1990s he was one of five people involved in the early meetings for what would become the $160 billion "cloud computing"phenomenon."

ya whatever lol

[j3rkules]

Makes sense as it is expensive to take it.