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TEXAS BULLION DEPOSITORY: GOLD BACKED BANK to be COMPLETED Next year
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In accordance with industry accepted best practices we ask that users limit their copy / paste of copyrighted material to the relevant portions of the article you wish to discuss and no more than 50% of the source material, provide a link back to the original article and provide your original comments / criticism in your post with the article.
[quote:Anonymous Coward 69406468:MV8zMTg4NTY5XzU2OTY1NTEzX0ZENEFDNTUw] [quote:Anonymous Coward 72304446:MV8zMTg4NTY5XzU2OTY1MDk2XzQzMzI3OTND] [quote:Anonymous Coward 69466570:MV8zMTg4NTY5XzU2OTY0OTc1X0YzRDU1OUUy] That's horrific news if true. Gold backed money is NOT the answer we need. That is just as bad as what we have now. It's not what backs the money supply that is important but rather who controls the QUANTITY. We need gov't issued money with the gov't controlling the quantity with no debt service attached. Do that and this economy will turn around in less than one year! If that is true, it likely means there's a few very rich Texans that want to control the TX money supply should we secede. They aren't stupid, they see how much money The Fed rakes in! [/quote] Gold back money will accomplish what you just asked for , you freaking MORON. Man, people here in America are so damn STUPID ! ! ! And by the way. There ain't much gold left for anyone to take delivery of, let alone the full amount they're entitled to. So if your wanting delivery next year, get ready for an IOU instead of physical gold. The banksters have stole it all. [/quote] FUCK YOU, you stupid POS!!! Your dumb ass is exactly why we are fucked. Because dumbasses think money has to be backed by gold. whatever, fuck you no one will ever be able to convince fuck ups like you. BTW, watch "The Story of Oz" and maybe, just maybe you will understand. I doubt it tho. [/quote]
Original Message
TEXAS BULLION DEPOSITORY: GOLD BACKED BANK to be COMPLETED Next year
The Daily Sheeple ^ | May 18, 2016 | Joshua Krause
Last year Texas Governor Gregg Abbott signed HB 483, allowing the creation of the Texas Gold Depository. “With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state,” he said last June.
This gold bank would allow Texas to recover the gold that it has stored in New York vaults, and give Texan citizens and institutions a chance to store their gold in the facility, and open checking and savings accounts that would be valued in gold rather than dollars. This even opens the possibility of making gold transactions electronically for the very first time.
Very interesting comments at :
[
link to www.freerepublic.com
]
Tennessee has voted to do the same thing. Others will follow.
Maybe this is why Abbot is so confident in telling the Feds where to stick obungholes decrees for pervision. Texas and other states will just stop sending money back to the Feds. Only a portion of the taxes collected in the heartland are returned. A disporportionate amount goes to the big population centers where the majority of takers live.
Starve the Fed.
Careful - the last government to try that in opposition to the Feds was Libya.
If democrats are in power at the time of a financial collapse I believe they would outlaw the possession of gold and silver in any significant amount and make it a crime to buy, sell or barter with gold and silver.
Been there, done that. FDR's EO 6012
We DON't Have to repeat History....if we KNOW IT !
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