Looks like California will be the first state to go....something to keep an eye on definitely!

http://gold-report.blogspot.com/2009/02/califonia-to-print-own-currency-in-form.html

It's not exactly comforting to know that the SHTF starts here....


That being said, the governor has done zilch to stop this, and he should be impeached (just like how he was elected)!

From the article in the posted link:

"Instead of receiving their state tax refunds in dollars, California residents will receive IOUs. Student aid and payments to disabled and needy will also come in the form of IOUs. California is negotiating with banks to get them to accept the IOUs as deposits."

Wonder if utility companies out in CA will accept these IOU's as payment...doubtful...