TEXAS BULLION DEPOSITORY: GOLD BACKED BANK to be COMPLETED Next year | |
Anonymous Coward User ID: 70191275 United States 05/31/2016 12:26 AM Report Abusive Post Report Copyright Violation | TEXAS BULLION DEPOSITORY: GOLD BACKED BANK to be COMPLETED Next year Quoting: Anonymous Coward 58307325 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 ! For discussion |
Anonymous Coward User ID: 70353375 United States 05/31/2016 12:42 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69466570 United States 05/31/2016 12:49 AM Report Abusive Post Report Copyright Violation | 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! |
Anonymous Coward User ID: 72304446 United States 05/31/2016 01:00 AM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 69466570 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! 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. |
Anonymous Coward User ID: 72304446 United States 05/31/2016 01:02 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72304446 United States 05/31/2016 01:07 AM Report Abusive Post Report Copyright Violation | But one thing is for sure. The moment you see the collapse start to happen, it will be too late for you to get everything into gold and silver. |
Anonymous Coward User ID: 63569245 United States 05/31/2016 01:16 AM Report Abusive Post Report Copyright Violation | We all know what happened to Libya afteer they tried to create a gold backed currency. This has the potential to be considered a National Security threat. The premise being that the Federal Government would consider these steps a pre-cursor to State Sovereignty and then Secession. |
Anonymous Coward User ID: 63569245 United States 05/31/2016 01:21 AM Report Abusive Post Report Copyright Violation | We all know what happened to Libya afteer they tried to create a gold backed currency. This has the potential to be considered a National Security threat. The premise being that the Federal Government would consider these steps a pre-cursor to State Sovereignty and then Secession. Quoting: Anonymous Coward 63569245 Amazing. I only read the story and replied without reading any of the comments. Great minds think alike |
Anonymous Coward User ID: 66127120 United States 05/31/2016 01:22 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 72264032 United States 05/31/2016 01:31 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 70966967 Germany 05/31/2016 01:35 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 69406468 United States 05/31/2016 01:45 AM Report Abusive Post Report Copyright Violation | 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! Quoting: Anonymous Coward 69466570 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! 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. 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. |
Anonymous Coward User ID: 69406468 United States 05/31/2016 01:50 AM Report Abusive Post Report Copyright Violation | |
MadInvestor
User ID: 72822588 Argentina 08/19/2016 12:46 PM Report Abusive Post Report Copyright Violation | The gold being held in New York vaults will never be seen again. Probably sold to China a long time ago. They'll have to settle for an IOU. Quoting: Anonymous Coward 70353375 I think this is a great idea! Texas have nearly $1 billion in Gold under N.Y. and this move would at least prove its existance and to bring it home! I found this website useful for all the latest coverage on the subject - [link to texasdepository.com] |
Anonymous Coward User ID: 3475591 United States 08/19/2016 12:56 PM Report Abusive Post Report Copyright Violation | |
MadInvestor User ID: 72822588 Argentina 08/19/2016 06:12 PM Report Abusive Post Report Copyright Violation | We are not talking about returning to a gold standard here, just storing Texas gold back in Texas! First, the depository will cost taxpayers nothing. Zero. The fact that no fiscal note was attached to the bill was the primary reason the bill passed almost unanimously in the House (140-1) and Senate (29-2). Furthermore, the depository will generate revenue for the state from operations. Since the facility will be funded privately, an additional $20-plus million will be invested into the Texas market, along with at least 50 new jobs. |
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