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Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"
ZeroHedge.com ^
| 13 Jun 2015
| Tyler Durden
Posted on 06/13/2015 2:12:39 PM PDT by Rockitz
click here to read article
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To: Bobalu
Someday the Republic of Texas will live again as an independent nation.
That is an option.
61
posted on
06/13/2015 6:55:23 PM PDT
by
CPT Clay
To: SVTCobra03
To: PAR35
Rumor at the time was that the Federal Reserve Bank of NY didnt have enough to meet the demand, and would have to pull gold from other locations to meet the redemption. That is a ridiculous statement if you stop and think about it. The gold is not co-mingled. Germany's gold is in Germany's vault, Algeria's gold is in Algeria's vault, and so on and so forth. Each depositor has its own vault, regardless of how much bullion they have in storage. Each country's bullion has its own unique proof mark on each bar. And in many cases the bars themselves are of a unique size, shape, and weight so it would be impossible for the Fed to do some sort of sleight-of-hand and pass off one country's gold bars as belonging to another country.
To: Rockitz
64
posted on
06/13/2015 7:16:45 PM PDT
by
Faith65
(Isaiah 40:31)
To: PAR35
Not sure from your other posts if you are trying to argue the technicality that it is the University of Texas Foundation, and not the State Treasury that owns the gold that may or may not exist. I have no reason to doubt that the University of Texas Investment Management Corporation has gold holdings, and if they say they're worth a billion dollars then I don't have any reason to doubt that either. But however much gold they have, it is not stored in the gold vault of the New York Federal Reserve Bank since the Fed does not provide service to private corporations. Based on what an earlier poster uncovered, the gold appears to be stored at the New York branch of HSBC.
Comment #66 Removed by Moderator
To: Rockitz
Better get the Gold out of New York City.
According to ABC, New York City is under water.
67
posted on
06/13/2015 7:46:34 PM PDT
by
Kickass Conservative
(Hillary, because it's time for a POTUS without a SCROTUS...)
To: deport
No, the article is a little confusing. It IS the State of Texas. UT gold purchase/deposit is a separate item.
Here’s more...
Texas. Governor Abbott issued the following statement:
Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. 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.”
68
posted on
06/13/2015 7:49:56 PM PDT
by
Jane Long
("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
To: Rockitz
69
posted on
06/13/2015 7:52:23 PM PDT
by
stevio
(God, guns, guts.)
To: DoodleDawg
Ordinarily this would be the case, but I suspect so much hanky-panky has been going on between the government and these corporations, who knows how the rules might have been rewritten? The level of trust here is approaching zero.
70
posted on
06/13/2015 8:10:07 PM PDT
by
yefragetuwrabrumuy
("Don't compare me to the almighty, compare me to the alternative." -Obama, 09-24-11)
To: Jane Long
I LOVE our Governor! He proves there may still be decent, principled public servants. Restores my faith. A little.
71
posted on
06/13/2015 10:45:02 PM PDT
by
Humidston
(For the first time in my adult life I FEAR my government.)
To: Humidston
72
posted on
06/14/2015 6:20:10 AM PDT
by
Jane Long
("And when thou saidst, Seek ye my face; my heart said unto thee, Thy face, LORD, will I seek")
To: SvenMagnussen
73
posted on
06/14/2015 10:55:42 PM PDT
by
Jim Robinson
(Resistance to tyrants is obedience to God!)
To: Rocky
As a matter of fact, yes. I have stickers - and in one case a license plate - on my vehicles that say “Molon Labe”. Makes for great conversation when someone sees ancient Greek and asks, “What does that say?”...
74
posted on
06/15/2015 6:29:25 AM PDT
by
ManHunter
(You can run, but you'll only die tired... Army snipers: Reach out and touch someone)
To: SvenMagnussen; humblegunner; darkwing104; 50mm; Darksheare; Col Freeper; Arrowhead1952; LUV W; ...
OH GOOD, URSULA AND BRUNGARD DIDN'T SEE THIS ONE!
I GET FIRST PICK OF THE CARCASS... (urp)
75
posted on
06/17/2015 4:04:26 AM PDT
by
Old Sarge
(Its the Sixties all over again, but with crappy music...)
To: SvenMagnussen
Wrong.
Assuming public office through fraud is a crime.
76
posted on
06/17/2015 4:12:04 AM PDT
by
Darksheare
(Those who support liberal "Republicans" summarily support every action by same.)
To: SkyPilot
A-fricken-MEN.
That despicable order convinced me of the nature of the Beast.
77
posted on
06/17/2015 5:30:28 AM PDT
by
Old Sarge
(Its the Sixties all over again, but with crappy music...)
To: Old Sarge
That post # 13 is nutbaggery of a sort I haven’t seen before.
78
posted on
06/17/2015 7:11:14 AM PDT
by
CatherineofAragon
(("This is a Laztatorship. You don't like it, get a day's rations and get out of this office."))
To: SvenMagnussen
Words have meaning.......
" Each State, in ratifying the Constitution, is considered as a sovereign body, independent of all others, and only to be bound by its own voluntary act. In this relation, then, the new Constitution will, if established, be a FEDERAL, and not a NATIONAL constitution. " James Madison Federalist No. 39, January 1788
UNDERSTANDING FEDERAL AND NATIONAL GOVERNMENT AND THE BASIC POWERS OF EACH
79
posted on
06/17/2015 7:34:18 AM PDT
by
DJ MacWoW
(The Fed Gov is not one ring to rule them all)
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