In a recent government meeting held on August 28, Utah State Treasurer Marlo Oakes and Representative Ken Ivory convened a diverse group of stakeholders to discuss pressing financial issues, particularly focusing on capital gains tax and regulatory matters. The meeting featured a roundtable format, allowing for input from various experts and officials, including representatives from the Utah Attorney General's office, the Utah Mining Association, and the World Gold Council.

Representative Ivory provided an update on significant discussions since the last meeting in June, highlighting a meeting with Judy Shelton, a former nominee for the Federal Reserve, who emphasized the critical state of U.S. federal finances. Ivory noted that the U.S. Senate recently passed a unanimous resolution declaring the national debt a threat to national security, underscoring concerns about the dollar's dominance as other nations, particularly China and members of the BRICS coalition, explore alternative payment systems.

The meeting also touched on the implications of these global financial trends, with Ivory referencing insights from Thomas Hoenig, a former Federal Reserve Board governor. Hoenig expressed concern that federal leaders are largely ignoring the issues of debt and deficits, advocating for proactive measures at the state level.

As discussions continue, the group aims to explore potential strategies to address these financial challenges, with a focus on maintaining Utah's economic stability in an evolving global landscape.