This could get interesting!
Good for Texas!
Ridiculous.
There is no gold.
Well done Texas.
Our present financial system is the foundation of progressive-left government. Printed money, monetized government debt, manipulated interest rates - all mean that government never needs to say “no” to any leftist social-engineering or political scheme. its why government is a natural base for leftists.
A step towards succession?
I would be SURPRISED to have it CONFIRMED that the State of Texas owned more than a negligible amount of gold bullion, and I would think they’d have NONE at the Federal Reserve!
Whoever has Texas Gold will issue IOU’s, but no gold.
Like the Germans, they will find that their gold is [ahem] mysteriously missing.
Somewhere, somehow there is a judge who will, for reasons unknown and never to be explained, manage to find the State of Texas in violation of, if not the law then something else very important.
Texas will never even get to see that gold let alone have it returned to them.
You read it here first.
“No State shall enter into any Treaty, Alliance, or Confederation; grant Letters of Marque and Reprisal; coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debts; pass any Bill of Attainder, ex post facto Law, or Law impairing the Obligation of Contracts, or grant any Title of Nobility.”
They better be on the lookout for hot chicks flying cropdusters!
Texas also needs to lead the states to peacefully force corrupt Congress to tax and spend within the restraints of its constitutional Article I, Section 8-limited powers.
“Congress is not empowered to tax for those purposes which are within the exclusive province of the States.” —Justice John Marshall, Gibbons v. Ogden, 1824.
After Texas and the other states have succeeded in peacefully forcing corrupt Congress back into its Section 8-limited power cage, then they’ll have lots of gold to store in their gold depositories. =^)
We wouldn’t have passed the bill unless we knew for sure our gold was there. We pay an amount every year for the storage of the gold. We will get our gold.
Here is a thread from yesterday with some 70 comments if anyone is interested in reading them.
Writing’s On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It “Non-Confiscatable”
I posted the following on that thread from an article back on 4/17/2011.. University of Texas Endowment Holds $1 Billion Gold, 5% Of Its Portfolio
snip
Friday, as gold prices hit a new all-time high – $1486 an ounce($1500 is around the corner),
the University of Texas Investment Management Co., revealed that 5% of its $19.9 billion
endowment(it handles Texas A&M as well) was in actual bars of gold bullion in a New York
bank vault owned by HSBC Holdings, the London based global banking institution. Not in
any gold ETF or individual gold mining shares, or in gold futures;l Texas took delivery
of 6,643 actual bars of bullion, or 664,300 ounces– a quite unusual transaction for a
university. end snip
$100 bill: Stephen Austin
$50 bill: Sam Houston
$20 bill: William Travis
$10 bill: Chester Nimitz
$5 bill: Dwight Eisenhower
$2 coin: Tom Landry
$1 coin: Davey Crockett
BAHOG y’all
I wish people would realize that unless you clone Reagan and raise him exactly the same, with the same influences, in the same time era, he isn’t coming back.
It is the principles he stood for and his unique personhood that attracted us.
There is no other Reagan. No Lincoln. No Jefferson.
It will be someone else.
It’s as if the we have arrested development and live in the past, incapable of moving ahead because we are looking for the closest match we can find to The Man.
The very first sentence is a lie. The Fed isn’t involved in this story at all.
I like it!
Proud to be a Texan!
I put my PMs into private storage in Texas in 2009 after THe Clown was elected. Looks like I finally did something right.