And so it begins...

Several states have begun measures to declare their sovereignty from the United States under the Tenth Amendment.

This could get interesting... http://www.campaignforliberty.com/blog.php?view=10775

Not sure if this is just a tie to the need for bailout funds or what's really going on, but this is a list I saw somewhere. Unsurprisingly, I haven't heard a peep about this on TV.

DECLARING SOVEREIGNTY
01. Washington
02. New Hampshire
03. Arizona
04. Montana
05. Michigan
06. Missouri
07. Oklahoma
08. Hawaii
09. California
10. Georgia

WORKING ON DECLARING SOVEREIGNTY
11. Colorado
12. Pennsylvania
13. Arkansas
14. Idaho
15. Indiana
16. Alaska
17. Alabama
18. Nevada
19. Maine
20. Illinois

Here's a link to the Wikipedia article on the Tenth Amendment... http://en.wikipedia.org/wiki/Tenth_Amendment_to_the_United_States_Constitution

These are the two areas that I keyed in on in that article...

1. Interpretations of the amendment can be divided into two camps. The first interpretation, as held by the Tenth Amendment Center, most of the Founding Fathers, the Libertarian and Constitution Parties, and a few Republicans including Ron Paul and Jeff Flake, is that the Constitution does not grant the United States any power that it does not expressly mention. This has been used as the basis for such court cases as Gonzales v. Raich, and for arguments in favor of repealing a large number of Federal laws, abolishing the Federal Reserve, and drastically slashing the Federal budget by 50% or more. It is also why amendments were necessary for the abolition of slavery and the prohibition of alcohol - without said amendments, Congress did not have the authority to do those things. The contrary opinion, as held by most of the current U.S. Government, is that the Constitution grants Congress the authority to do more or less anything that is not explicitly prohibited by the first eight amendments.

2. For this reason, Congress often seeks to exercise its powers by offering or encouraging the States to implement national programs consistent with national minimum standards. The mechanisms are discussed in the article on cooperative federalism. One example of the exercise of this device was to condition allocation of federal funding where certain state laws do not conform to federal guidelines. For example, federal educational funds may not be accepted without implementation of special education programs in compliance with IDEA.

So, this could be the start of the break-up of the U.S. (see Paul's stance in area #1 above) and possible formation of a North American Union of sorts, this could be a push towards socialism (see the contrarian stance presented in area #1 above), or this could have nothing to do with any of that and everything to do with the allocation of federal bailout funds (see area #2). Being that Ron Paul supporters started the push in Oklahoma, area #1 above becomes a very important debate. This could be a means for getting a ruling that the Federal Reserve, federal bailouts, etc. are unconstitutional and forcing the federal government to butt out of the current economic shit storm in order to allow the free market to try to restore order on its own. If that happens, look for a large number of job losses due to the collapses of the poorly run corporations, and as a result more people losing their homes. As an investment club, may want to buy some shotguns, ammo, bottled water, generators and learn how to short stocks.