Follow along with the video below to see how to install our site as a web app on your home screen.
Note: This feature may not be available in some browsers.
Unlock unbeatable offers today. Shop here: https://amzn.to/4cEkqYs 🎁
Please stop with the giant bold text, as it doesn't bring your point across more.Post again, when you read the Wikipedia article, as it is all in there.If you want to put all your money in a gold-standard system, then go right ahead, but without printing money that a gold-standard undermines, we wouldn't have had a great recession, but instead a great depression. It is also an anti-free market measure, as unlike today where you can choose between gold and cash, the emphasis is on relying on gold to back a currency.Yeah man, the gold standard has problems such as politicians can not maintain a gargantuan welfare/warfare police state.
HUH?
WTF?
POST AGAIN WHEN YOU ARE SOBER.
DINGLE BERRY, SIR
HOW MANY DEPRESSIONS OCCURRED PRIOR TO THE ENACTMENT OF THE FEDERAL RESERVE BOARD WHICH WERE CAUSED BY THE MARKETPLACE PLACE AS OPPOSED TO GOVERNMENT ACTION.
DON'T COME BACK WITH BULLSHIT.
I AM LOOKING FOR DEPRESSIONS OR RECESSIONS WHICH WERE NOT NOT NOT CAUSED BY GOVERNMENT ACTION !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!.
To answer, there were plenty of recessions prior to the Federal Reserve, and the US government defaulted on debt numerous times before it existed.
If the feds don't put a stop to this, then federal reserve notes will soon become a thing of the past. It will be interesting to see how this plays out.
The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.
While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.
Among other immediate effects, the law creating the first state-level gold-backed bank in the nation, House Bill 483, will involve repatriating about $1 billion of Texas gold from New York. Conflicting news reports and official statements say the state’s precious metals stockpile is being held either by HSBC in New York, or by the powerful New York Federal Reserve Bank, a privately owned outfit cloaked in secrecy with immense power over the U.S. economy. First, though, officials will need to select a home for the Texas depository.
“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,” said a statement issued by Governor Abbott, a popular conservative governor, after the ceremonial signing. “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.” The law protects the assets from seizure by the feds or other forces, too.
If the feds don't put a stop to this, then federal reserve notes will soon become a thing of the past. It will be interesting to see how this plays out.
The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.
While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.
Among other immediate effects, the law creating the first state-level gold-backed bank in the nation, House Bill 483, will involve repatriating about $1 billion of Texas gold from New York. Conflicting news reports and official statements say the state’s precious metals stockpile is being held either by HSBC in New York, or by the powerful New York Federal Reserve Bank, a privately owned outfit cloaked in secrecy with immense power over the U.S. economy. First, though, officials will need to select a home for the Texas depository.
“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,” said a statement issued by Governor Abbott, a popular conservative governor, after the ceremonial signing. “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.” The law protects the assets from seizure by the feds or other forces, too.
Every State in the Union should have its own bank. North Dakota does and the recession never touched that State.
If the feds don't put a stop to this, then federal reserve notes will soon become a thing of the past. It will be interesting to see how this plays out.
The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.
While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.
Among other immediate effects, the law creating the first state-level gold-backed bank in the nation, House Bill 483, will involve repatriating about $1 billion of Texas gold from New York. Conflicting news reports and official statements say the state’s precious metals stockpile is being held either by HSBC in New York, or by the powerful New York Federal Reserve Bank, a privately owned outfit cloaked in secrecy with immense power over the U.S. economy. First, though, officials will need to select a home for the Texas depository.
“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,” said a statement issued by Governor Abbott, a popular conservative governor, after the ceremonial signing. “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.” The law protects the assets from seizure by the feds or other forces, too.
Every State in the Union should have its own bank. North Dakota does and the recession never touched that State.
If the feds don't put a stop to this, then federal reserve notes will soon become a thing of the past. It will be interesting to see how this plays out.
The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.
While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.
Among other immediate effects, the law creating the first state-level gold-backed bank in the nation, House Bill 483, will involve repatriating about $1 billion of Texas gold from New York. Conflicting news reports and official statements say the state’s precious metals stockpile is being held either by HSBC in New York, or by the powerful New York Federal Reserve Bank, a privately owned outfit cloaked in secrecy with immense power over the U.S. economy. First, though, officials will need to select a home for the Texas depository.
“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,” said a statement issued by Governor Abbott, a popular conservative governor, after the ceremonial signing. “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.” The law protects the assets from seizure by the feds or other forces, too.
Every State in the Union should have its own bank. North Dakota does and the recession never touched that State.
Every State in the Union should have its own bank.
Yes! The idiotic politicians in Illinois should be able to make crony loans to their donors and use taxpayer dollars to do it. Idiotic politicans in California should be able to loan taxpayer funds to build a stupid high speed train that will carry half the passengers at triple the projected cost.
Great idea! What could go wrong?
If the feds don't put a stop to this, then federal reserve notes will soon become a thing of the past. It will be interesting to see how this plays out.
The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.
While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.
Among other immediate effects, the law creating the first state-level gold-backed bank in the nation, House Bill 483, will involve repatriating about $1 billion of Texas gold from New York. Conflicting news reports and official statements say the state’s precious metals stockpile is being held either by HSBC in New York, or by the powerful New York Federal Reserve Bank, a privately owned outfit cloaked in secrecy with immense power over the U.S. economy. First, though, officials will need to select a home for the Texas depository.
“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,” said a statement issued by Governor Abbott, a popular conservative governor, after the ceremonial signing. “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.” The law protects the assets from seizure by the feds or other forces, too.
Every State in the Union should have its own bank. North Dakota does and the recession never touched that State.
Every State in the Union should have its own bank.
Yes! The idiotic politicians in Illinois should be able to make crony loans to their donors and use taxpayer dollars to do it. Idiotic politicans in California should be able to loan taxpayer funds to build a stupid high speed train that will carry half the passengers at triple the projected cost.
Great idea! What could go wrong?
Mayby you should do some research before you mouth off.
Public banking State ownership offers a wealth of advantages OregonLive.com
Benefits Beneficial State Bank
How State-Owned Banks Can Help Americans And Stick It to Wall Street Too Alternet
texas can't print a currency. a 'constitutional expert' like yourself should know that.As long they do not conflict with Congress authority, there is nothing to keep Texas from "printing" a second currency honored by the government of Texas.
In fact, it could be a money making idea if they are prudent in its uses.
I guarantee you the feds will try to shut it down because it won't be long before all Americans are performing their transactions in the new Texas gold backed currency.
Yeah, trillions versus jack-shit, not worried.Texas is a joke, no one cares.
You and the feds won't think it's a joke when everyone stops using federal reserve notes.
Trillions backed by what?
Socialism got us to the moon and back, last millennium. The Capitalist right is too lazy without a capital profit motive.The meaning of "soared" for a gold standard means the value of gold may have decreased by 20% over a period of a a decade, and then in a few years it returned to its previous value and went even higher.
No, this simply isn't true.
Listen, you are barking up the wrong tree. You want security in your money. Hey, we all do. The gold standard does not produce that, though. Not the way you imagine it will. Maybe what you need is to learn how to stay ahead of the inflationary game. Learn how to invest properly, learn how to use debt to create wealth, learn how to not use debt where it will consume wealth, ect, etc.
At the end of the day, all you're advocating for is an imagined magical bean that [you hope] will make your finances simpler and easier. Which is really just another way of saying you aren't very good at dealing with your money, and that you blame someone else for it.
Bullshit. You don't know what the fuck you're talking about. Your mind is addled by the Keynesian Voo Doo
NO, FASCISM DID.
NASA - THE FEDERAL GOVERNMENT STOLE PRIVATE FUNDS TO PAY FOR THE FLIGHT.
.
Taxation isn't theft. And you have no idea what fascism is. Its just a generic pejorative to you, applied like a 5 year old curses. You might as well call someone a 'dum-dum head' for as much meaning as your application of the term has.
Socialism got us to the moon and back, last millennium. The Capitalist right is too lazy without a capital profit motive.No, this simply isn't true.
Listen, you are barking up the wrong tree. You want security in your money. Hey, we all do. The gold standard does not produce that, though. Not the way you imagine it will. Maybe what you need is to learn how to stay ahead of the inflationary game. Learn how to invest properly, learn how to use debt to create wealth, learn how to not use debt where it will consume wealth, ect, etc.
At the end of the day, all you're advocating for is an imagined magical bean that [you hope] will make your finances simpler and easier. Which is really just another way of saying you aren't very good at dealing with your money, and that you blame someone else for it.
Bullshit. You don't know what the fuck you're talking about. Your mind is addled by the Keynesian Voo Doo
NO, FASCISM DID.
NASA - THE FEDERAL GOVERNMENT STOLE PRIVATE FUNDS TO PAY FOR THE FLIGHT.
.
Taxation isn't theft. And you have no idea what fascism is. Its just a generic pejorative to you, applied like a 5 year old curses. You might as well call someone a 'dum-dum head' for as much meaning as your application of the term has.
IF TAXATION IS USED BY THE FEDERAL GOVERNMENT TO ENGAGE IN ACTS NOT SPECIFICALLY ENUMERATED THEN IT IS PLAIN AND SIMPLE THEFT.
PRODUCERS AND TAXPAYERS ARE ALSO AMERICANS.
.
.
If Texas wants to waste its money building up stockpiles of gold, then by all means it can do so.
The Gold Standard has its own problems.
People have short memories if they can't remember the Nixon Shock: Nixon Shock - Wikipedia the free encyclopedia
The current world monetary system assigns no special role to gold; indeed, the Federal Reserve is not obliged to tie the dollar to anything. It can print as much or as little money as it deems appropriate. There are powerful advantages to such an unconstrained system. Above all, the Fed is free to respond to actual or threatened recessions by pumping in money. To take only one example, that flexibility is the reason the stock market crash of 1987—which started out every bit as frightening as that of 1929—did not cause a slump in the real economy.
While a freely floating national money has advantages, however, it also has risks. For one thing, it can create uncertainties for international traders and investors. Over the past five years, the dollar has been worth as much as 120 yen and as little as 80. The costs of this volatility are hard to measure (partly because sophisticated financial markets allow businesses to hedge much of that risk), but they must be significant. Furthermore, a system that leaves monetary managers free to do good also leaves them free to be irresponsible—and, in some countries, they have been quick to take the opportunity.[18]
Yeah man, the gold standard has problems such as politicians can not maintain a gargantuan welfare/warfare police state.
There's nothing in a gold standard that prevents a government from borrowing money.
Any form of money depends on one thing; the belief of those using it.
doesn't matter if they like it, those selling and those buying believed that's what it was worth.Any form of money depends on one thing; the belief of those using it.
REALLY?
DO YOU BELIEVE THAT PEOPLE LIKE TAKING MONEY IN A WHEEL BARROW IN ORDER TO BUY A LOAF OF BREAD AS WAS DONE DURING THE GERMAN HYPERINFLATIONARY PERIOD OF 1925?
What is it about gold, or anything else, that makes it valuable?
If Texas wants to waste its money building up stockpiles of gold, then by all means it can do so.
The Gold Standard has its own problems.
People have short memories if they can't remember the Nixon Shock: Nixon Shock - Wikipedia the free encyclopedia
The current world monetary system assigns no special role to gold; indeed, the Federal Reserve is not obliged to tie the dollar to anything. It can print as much or as little money as it deems appropriate. There are powerful advantages to such an unconstrained system. Above all, the Fed is free to respond to actual or threatened recessions by pumping in money. To take only one example, that flexibility is the reason the stock market crash of 1987—which started out every bit as frightening as that of 1929—did not cause a slump in the real economy.
While a freely floating national money has advantages, however, it also has risks. For one thing, it can create uncertainties for international traders and investors. Over the past five years, the dollar has been worth as much as 120 yen and as little as 80. The costs of this volatility are hard to measure (partly because sophisticated financial markets allow businesses to hedge much of that risk), but they must be significant. Furthermore, a system that leaves monetary managers free to do good also leaves them free to be irresponsible—and, in some countries, they have been quick to take the opportunity.[18]
Yeah man, the gold standard has problems such as politicians can not maintain a gargantuan welfare/warfare police state.
There's nothing in a gold standard that prevents a government from borrowing money.
BULLSHIT
Borrowing, Taxation and Government Spending
Michael S. Rozeff
Government borrowing confuses people. It shouldn’t. The matter is very simple. When understood, borrowing is not in essence any different from taxes in 3 ways. Government has no right to impose taxes, and it similarly has no right to borrow. Both are sources of government spending (often termed benefits). Typically, borrowing cannot be done unless government taxes.
For example, the government taxes $100, borrows $10, and then spends $110 ($95 on programs and $15 paid to government employees). Like any borrower, the government cannot borrow unless it makes a credible promise to repay the debt. The government’s promise is based mainly on its capacity to tax in the future. (It may have some assets that it can sell or pledge but that’s not the usual method of issuing or paying off government debt.)
If the feds don't put a stop to this, then federal reserve notes will soon become a thing of the past. It will be interesting to see how this plays out.
The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law. Under the measure, passed overwhelmingly by lawmakers and signed in mid-June by Republican Governor Greg Abbott, Lone Star State officials will establish and operate the Texas Bullion Depository for anyone who would like to deposit and trade in precious metals. The implications are as big as Texas.
While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.
Among other immediate effects, the law creating the first state-level gold-backed bank in the nation, House Bill 483, will involve repatriating about $1 billion of Texas gold from New York. Conflicting news reports and official statements say the state’s precious metals stockpile is being held either by HSBC in New York, or by the powerful New York Federal Reserve Bank, a privately owned outfit cloaked in secrecy with immense power over the U.S. economy. First, though, officials will need to select a home for the Texas depository.
“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,” said a statement issued by Governor Abbott, a popular conservative governor, after the ceremonial signing. “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.” The law protects the assets from seizure by the feds or other forces, too.
Every State in the Union should have its own bank. North Dakota does and the recession never touched that State.
Every State in the Union should have its own bank.
Yes! The idiotic politicians in Illinois should be able to make crony loans to their donors and use taxpayer dollars to do it. Idiotic politicans in California should be able to loan taxpayer funds to build a stupid high speed train that will carry half the passengers at triple the projected cost.
Great idea! What could go wrong?
Mayby you should do some research before you mouth off.
Public banking State ownership offers a wealth of advantages OregonLive.com
Benefits Beneficial State Bank
How State-Owned Banks Can Help Americans And Stick It to Wall Street Too Alternet
Thanks. I especially liked the second link.
Benefits
Online banking is the most convenient way to manage your account(s). Online banking saves you time, and is the most secure and sustainable way to manage your finances. You can do the following with Beneficial State Bank’s online banking:
View a demo of our online banking system.
- Pay bills
- Monitor balances and transactions
- Transfer money between accounts
- Download transactions to desktop applications (Quicken® & QuickBooks®)
- Pay individuals and send money securely through popmoney
Which has nothing to do with the moronic idea that giving politicians a bank would be helpful to anyone but the politicians and their cronies.
FYI Ellen Brown is an idiot.
As long they do not conflict with Congress authority, there is nothing to keep Texas from "printing" a second currency honored by the government of Texas.
In fact, it could be a money making idea if they are prudent in its uses.
I guarantee you the feds will try to shut it down because it won't be long before all Americans are performing their transactions in the new Texas gold backed currency.
