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!