The Ohio Republic: The hyperinflation has already started

Here's the evidence, with some pithy comments by Karl Denninger at The Market Ticker.

And a not-so-very-nice reminder that I told you so. Repeatedly.

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Triggers to Ohio Independence

If the federal government takes any of the following actions (referred to in my posts as "triggers"), the State of Ohio would be fully justified in asserting its independence, following the reasoning used by the Founding Fathers in 1776:

Replacement [or suspension] of the U.S. Constitution, or any amendment thereto that reduces the rights enumerated in the first ten amendments (Bill of Rights).
Establishing martial law or a state of emergency within any state without the consent of the legislature of that state;
Requiring involuntary servitude, or governmental service other than a military draft, for anyone of any age, except in punishment of crime (13th Amendment).
Surrendering any power delegated or not delegated to a corporation or a foreign government.
Federal Reserve Bank policy that induces a hyperinflation (a depreciation of the U.S. dollar at an annual rate of 20% or more).

Post of September 24, 2011, partially based on a 2009 state sovereignty resolution introduced in South Carolina.

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Tuesday, November 2, 2010

The hyperinflation has already started

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