By Rebekah Rast
A “Plan B” is put in place as a backup, a form of insurance in case “Plan A” doesn’t work out.
A Plan B is valuable when taking a cross-country road trip and you happen to hit road construction and can’t get through. A Plan B is handy when trying a new recipe for the first time where you’ll be serving guests — just in case the meal doesn’t turn out as planned.
But a Plan B in case the dollar continues to weaken or collapse? That’s exactly what 13 states are working on, and their idea is not original to America’s past.
In fact, the state of Utah is taking implementation of this Plan B very seriously. What is the plan? It would recognize gold and silver coins issued by the federal government as legal currency in the state. The Utah bill passed the House March 4 and now waits to be voted on by the Senate.
Though this legislation and others are mainly symbolic at this point, since the U.S. no longer mints gold and silver coins, the state’s message is clear: there is a sense of uneasiness and insecurity in America’s current monetary system and it doesn’t hurt to have a Plan B ready to go just in case.
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