By Russell D. Longcore
You may have seen Edwin Vieira’s three-part series at DumpDC.com, which was a dissenting opinion about secession. I think that his analysis is wrong in all but two points. After all he is a Yankee and educated at Harvard (Just kidding, Ed…kind of…mostly). But there is one point he makes that is unarguable. That is the absolute requirement of a seceding state to wield the Power Of The Purse.
The Power of the Purse is the ability of the seceding state to establish its own money.
I’ve written over and over about this for months and feel like the Lone Ranger. I see all sorts of activity in states like Texas and New Hampshire about secession, and the educational activities that these secession hotbeds are doing is crucial. There is such a dearth of knowledge in the populace about secession that it won’t happen unless the citizens know about it commonly.
But the movement won’t move forward unless someone takes control of the Power of the Purse.
The successful secession will be preceded by the establishment of a new currency that is based in precious metals. Any state that tries to secede without its own new currency is destined to fail. You cannot counterfeit your way to prosperity.