Texas Launches Gold-backed Bank, Challenging Federal Reserve

The New American ^ | 15 July 2015 | Alex Newman

[expat_panama]

The texas.gov announcement is at http://gov.texas.gov/news/signature/21038 and it looks a lot more like a depository and not a bank.

[VitacoreVision]

The transactional software they’re developing with corporate BitCoin Technology and the author of the bill says he personally owns Bitcoins. They have plans for a Debt-like Credit Card for digital transactions for gold/silver.

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Yo-Yo: Will they accept BitCoin?

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[SVTCobra03]

Why Bitcoin is a Ponzi scheme

http://kernelmag.dailydot.com/issue-sections/staff-editorials/11338/bitcoin-ponzi-scheme/

[WildHighlander57]

OK, how would the secessionist you mention handle this situation :

a person getting social security was born in Texas to Texas born parents.

To where would that person be deported?

[Don@VB]

Texas = Gault Gulch and the new bank's president is "Midas" Mulligan 😊

[nascarnation]

LOL you’ll have to ask them.

And until there are some elected officials in the state actually advocating the process, I don’t see any way it can happen.

So far there are ZERO, NO, NADA, NONE officials elected to a Texas state office that advocate secession that I’ve been informed of.

[jjotto]

Not a joke exactly, but a state that goes for the RINO in the GOP presidential primary doesn’t seem likely to secede.

[Vision Thing]

“In other news, Obama hires Muslim pals to bomb Texas....”

The goon who mass murdered at Ft. Hood in texas tried it, but didn’t realize Ft. Hood is technically fed territory, which was thus liberal territory because it was under obama’s command. So, libs got their asses kicked in that one. Of course, it took a Texas civilian to put the goon down, and not just any Texas civilian, but a Texas FEMALE civlian.

The latest attempt against Texas was at the Mudhammad comic-con in Garland. The two goons didn’t even make it to the door.

So let homobama try, he’s failed way too many times to mess with Texas, which has only grown stronger under his incompetent leadership.

[Eagles6]

And the persecution of Christianity.

[Eagles6]

Good news!

[Secret Agent Man]

my point #4. :)

[zeugma]

The Tenth Amendment Center also highlighted the constitutional implications. Noting that Article I, Section 10, of the U.S. Constitution prohibits state governments from making anything other than gold and silver a tender in payment of debts, Boldin said the bill takes Texas a step toward fulfilling that long-ignored constitutional obligation. “Such a tactic would undermine the monopoly the Federal Reserve system by introducing competition into the monetary system,” he said.

So, next time you're called for jury duty, have them pay you $5 in these...

[faithhopecharity]

that sounds like it might be somewhat better

[stephenjohnbanker]

I agree on all counts.

[SaraJohnson]

Is this why we are named a “hostile” state by the US military in Jade Helm (civil war) exercises? May be...

[SaraJohnson]

That is disinformation.