occupied
Diamond Member
- Nov 8, 2011
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The US dollar is still the reserve currency to the world, what the hell would Texas currency be compared to that? Texas would have no choice but to become a Cayman Islands type banking shelter just to give it's money a little bit of international clout. If the federal reserve did nothing the currency would be shaky at best, if they decided to undermine it the money would be worthless.I get it, you think Texas would still be using strong American dollars rather than a new currency that would be so inflationary that you would need to carry a bag full to the store to get food if there is any to be had. Secessionist banks would no longer be in the federal reserve system and without that Texas dollars would literally be worth less than a good grade of toilet paper after the currency speculators got done with it.Actually, Texas pays more to the USFG than it gets back, to the tune of over 50 billion per year. Therefore, even if Texas reproduced all the USFG programs in their infinite wisdom, the people of an independent Republic of Texas would be 50 billion dollars a year richer. That's a powerful incentive to harbor the notion of independence.A simple cost/benefit analysis says it is very unlikely.Texas would be much better off out of the US.
What is the basis for your claim that Texas dollars would become worthless. If anything, it appears the U.S. dollar is headed for exactly such a fate.