Texas Launches Gold-Backed Bank

[there4eyeM]

Something has value because a human thinks it has value. 'Value' and 'worth' do not exist at the exterior of the human mind.

 

[bendog]

Bullshit. You don't know what the fuck you're talking about. Your mind is addled by the Keynesian Voo Doo

Socialism got us to the moon and back, last millennium. The Capitalist right is too lazy without a capital profit motive.

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.


.


.

So is there some correlation between your font size and how big your lie is? Like what would be the font size if you told the truth? Never mind that doesn't seem relevant.

He's vision impaired.

 

[Skylar]

Something has value because a human thinks it has value. 'Value' and 'worth' do not exist at the exterior of the human mind.

I'd argue that industrial or commercial applications confer some inherent value. The utility of a mud pie and an apple pie aren't equal. A rational argument could be made that the latter has more intrinsic value than the former.

Gold has certain industrial or commercial uses. So does paper for that matter. But much less valuable ones.

 

[Bombur]

The problem with gold isn't the value but the supply.

 

[bendog]

Bullshit. You don't know what the fuck you're talking about. Your mind is addled by the Keynesian Voo Doo

Socialism got us to the moon and back, last millennium. The Capitalist right is too lazy without a capital profit motive.

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.


.


.

So is there some correlation between your font size and how big your lie is? Like what would be the font size if you told the truth? Never mind that doesn't seem relevant.

He's vision impaired.

Something has value because a human thinks it has value. 'Value' and 'worth' do not exist at the exterior of the human mind.

I'd argue that industrial or commercial applications confer some inherent value. The utility of a mud pie and an apple pie aren't equal. A rational argument could be made that the latter has more intrinsic value than the former.

Gold has certain industrial or commercial uses. So does paper for that matter. But much less valuable ones.

The funny thing is that Texas, or any other state, cannot "coin" money. They could, conceivably, allow people to pay bills or buy stuff with gold. But since the price of gold has fallen about $400 per ounce over the last four years or so, nobody in their right mind would take the stuff.

 

[g5000]

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.

Whoop dee do. Since gold is currently trading at $1100 an ounce, I don't expect very many people will be participating.

If the feds don't put a stop to this, then federal reserve notes will soon become a thing of the past.

BWA-HA-HA-HA!

 

[Skylar]

Socialism got us to the moon and back, last millennium. The Capitalist right is too lazy without a capital profit motive.

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.


.


.

So is there some correlation between your font size and how big your lie is? Like what would be the font size if you told the truth? Never mind that doesn't seem relevant.

He's vision impaired.

Something has value because a human thinks it has value. 'Value' and 'worth' do not exist at the exterior of the human mind.

I'd argue that industrial or commercial applications confer some inherent value. The utility of a mud pie and an apple pie aren't equal. A rational argument could be made that the latter has more intrinsic value than the former.

Gold has certain industrial or commercial uses. So does paper for that matter. But much less valuable ones.

The funny thing is that Texas, or any other state, cannot "coin" money. They could, conceivably, allow people to pay bills or buy stuff with gold. But since the price of gold has fallen about $400 per ounce over the last four years or so, nobody in their right mind would take the stuff.

More like $800.

 

[bendog]

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.


.


.

So is there some correlation between your font size and how big your lie is? Like what would be the font size if you told the truth? Never mind that doesn't seem relevant.

He's vision impaired.

Something has value because a human thinks it has value. 'Value' and 'worth' do not exist at the exterior of the human mind.

I'd argue that industrial or commercial applications confer some inherent value. The utility of a mud pie and an apple pie aren't equal. A rational argument could be made that the latter has more intrinsic value than the former.

Gold has certain industrial or commercial uses. So does paper for that matter. But much less valuable ones.

The funny thing is that Texas, or any other state, cannot "coin" money. They could, conceivably, allow people to pay bills or buy stuff with gold. But since the price of gold has fallen about $400 per ounce over the last four years or so, nobody in their right mind would take the stuff.

More like $800.

oops, you're right. You'd have to be really stupid to sell anything for gold ... or to buy it. LOL

 

[ogibillm]

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.


.


.

So is there some correlation between your font size and how big your lie is? Like what would be the font size if you told the truth? Never mind that doesn't seem relevant.

He's vision impaired.

Something has value because a human thinks it has value. 'Value' and 'worth' do not exist at the exterior of the human mind.

I'd argue that industrial or commercial applications confer some inherent value. The utility of a mud pie and an apple pie aren't equal. A rational argument could be made that the latter has more intrinsic value than the former.

Gold has certain industrial or commercial uses. So does paper for that matter. But much less valuable ones.

The funny thing is that Texas, or any other state, cannot "coin" money. They could, conceivably, allow people to pay bills or buy stuff with gold. But since the price of gold has fallen about $400 per ounce over the last four years or so, nobody in their right mind would take the stuff.

More like $800.

oops, you're right. You'd have to be really stupid to sell anything for gold ... or to buy it. LOL

long term commodity ownership is a bad idea. gold is gold. it'll be gold today, it'll be gold tomorrow. unless some amazing new use is discovered the actual value of gold will not change.

 

[Skylar]

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.


.


.

So is there some correlation between your font size and how big your lie is? Like what would be the font size if you told the truth? Never mind that doesn't seem relevant.

He's vision impaired.

Something has value because a human thinks it has value. 'Value' and 'worth' do not exist at the exterior of the human mind.

I'd argue that industrial or commercial applications confer some inherent value. The utility of a mud pie and an apple pie aren't equal. A rational argument could be made that the latter has more intrinsic value than the former.

Gold has certain industrial or commercial uses. So does paper for that matter. But much less valuable ones.

The funny thing is that Texas, or any other state, cannot "coin" money. They could, conceivably, allow people to pay bills or buy stuff with gold. But since the price of gold has fallen about $400 per ounce over the last four years or so, nobody in their right mind would take the stuff.

More like $800.

oops, you're right. You'd have to be really stupid to sell anything for gold ... or to buy it. LOL

long term commodity ownership is a bad idea. gold is gold. it'll be gold today, it'll be gold tomorrow. unless some amazing new use is discovered the actual value of gold will not change.

Depends on how long term long term is. Gold has a lot of cultural inertia within our society in terms of perceived value. I think that would carry it pretty far.

 

[bendog]

Back when Bushii announced his second tax cut while increasing spending, everyone should have anticipated gold being "worth" more dollars. I had an inlaw in a nursing home at the time, and no room to "gamble." I expect we'll see the price continue downwards while the economy slowly gains momentum (mostly for Wall St and the very rich) and housing prices rise. I have no idea what the bottom will be.

But, as usual, Texas is dumb. LOL

 

[ogibillm]

So is there some correlation between your font size and how big your lie is? Like what would be the font size if you told the truth? Never mind that doesn't seem relevant.

He's vision impaired.

I'd argue that industrial or commercial applications confer some inherent value. The utility of a mud pie and an apple pie aren't equal. A rational argument could be made that the latter has more intrinsic value than the former.

Gold has certain industrial or commercial uses. So does paper for that matter. But much less valuable ones.

The funny thing is that Texas, or any other state, cannot "coin" money. They could, conceivably, allow people to pay bills or buy stuff with gold. But since the price of gold has fallen about $400 per ounce over the last four years or so, nobody in their right mind would take the stuff.

More like $800.

oops, you're right. You'd have to be really stupid to sell anything for gold ... or to buy it. LOL

long term commodity ownership is a bad idea. gold is gold. it'll be gold today, it'll be gold tomorrow. unless some amazing new use is discovered the actual value of gold will not change.

Depends on how long term long term is. Gold has a lot of cultural inertia within our society in terms of perceived value. I think that would carry it pretty far.

i'm not saying that it can't be over or under valued at times, just that it will never be anything other than gold, which means it'll never grow in actual value.

 

[bripat9643]

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.

texas can't print a currency. a 'constitutional expert' like yourself should know that.

Really? What law says that? Private individuals can't print currency, but I'm not aware of any law that says a state owned bank can't.

 

[bripat9643]

Back when Bushii announced his second tax cut while increasing spending, everyone should have anticipated gold being "worth" more dollars. I had an inlaw in a nursing home at the time, and no room to "gamble." I expect we'll see the price continue downwards while the economy slowly gains momentum (mostly for Wall St and the very rich) and housing prices rise. I have no idea what the bottom will be.

But, as usual, Texas is dumb. LOL

You don't have a clue what causes inflation.

 

[ogibillm]

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.

texas can't print a currency. a 'constitutional expert' like yourself should know that.

Really? What law says that? Private individuals can't print currency, but I'm not aware of any law that says a state owned bank can't.

article 1 section 10

 

[bripat9643]

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.

texas can't print a currency. a 'constitutional expert' like yourself should know that.

Really? What law says that? Private individuals can't print currency, but I'm not aware of any law that says a state owned bank can't.

article 1 section 10

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.​

Nope. It says they can't "coin money." In other words, they can't mint coins. It says nothing about paper notes. IN fact, prior to the creation of the federal reserve, private banks printed their own gold backed notes. If the Constitution doesn't bar a private bank from doing it, then how could it possible bar a state?

Also note that this section prohibits legal tender laws that mandate anything but gold or silver coins as a form of payment, so anytime the state issues or receives payments in anything but gold and silver coins, it's violating the Constitution.

 

[Toddsterpatriot]

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.

texas can't print a currency. a 'constitutional expert' like yourself should know that.

Really? What law says that? Private individuals can't print currency, but I'm not aware of any law that says a state owned bank can't.

article 1 section 10

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.​

Nope. It says they can't "coin money." In other words, they can't mint coins. It says nothing about paper notes. IN fact, prior to the creation of the federal reserve, private banks printed their own gold backed notes. If the Constitution doesn't bar a private bank from doing it, then how could it possible bar a state?

Also note that this section prohibits legal tender laws that mandate anything but gold or silver coins as a form of payment, so anytime the state issues or receives payments in anything but gold and silver coins, it's violating the Constitution.

No State shall...emit Bills of Credit

Bill of Credit
A bill of credit is some sort of paper medium by which value is exchanged between the government and individuals. Money is a bill of credit, but a bill of credit need not be money. An interest-bearing certificate that was issued by Missouri, and usable in the payment of taxes, was thus ruled to be an unconstitutional bill of credit.

 

[bripat9643]

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.

texas can't print a currency. a 'constitutional expert' like yourself should know that.

Really? What law says that? Private individuals can't print currency, but I'm not aware of any law that says a state owned bank can't.

article 1 section 10

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.​

Nope. It says they can't "coin money." In other words, they can't mint coins. It says nothing about paper notes. IN fact, prior to the creation of the federal reserve, private banks printed their own gold backed notes. If the Constitution doesn't bar a private bank from doing it, then how could it possible bar a state?

Also note that this section prohibits legal tender laws that mandate anything but gold or silver coins as a form of payment, so anytime the state issues or receives payments in anything but gold and silver coins, it's violating the Constitution.

No State shall...emit Bills of Credit

Bill of Credit
A bill of credit is some sort of paper medium by which value is exchanged between the government and individuals. Money is a bill of credit, but a bill of credit need not be money. An interest-bearing certificate that was issued by Missouri, and usable in the payment of taxes, was thus ruled to be an unconstitutional bill of credit.

Nope, money is not a bill of credit. It doesn't pay interest. No money is loaned. Gold backed banknotes are a claim on a specific quantity of gold.

 

[Toddsterpatriot]

texas can't print a currency. a 'constitutional expert' like yourself should know that.

Really? What law says that? Private individuals can't print currency, but I'm not aware of any law that says a state owned bank can't.

article 1 section 10

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.​

Nope. It says they can't "coin money." In other words, they can't mint coins. It says nothing about paper notes. IN fact, prior to the creation of the federal reserve, private banks printed their own gold backed notes. If the Constitution doesn't bar a private bank from doing it, then how could it possible bar a state?

Also note that this section prohibits legal tender laws that mandate anything but gold or silver coins as a form of payment, so anytime the state issues or receives payments in anything but gold and silver coins, it's violating the Constitution.

No State shall...emit Bills of Credit

Bill of Credit
A bill of credit is some sort of paper medium by which value is exchanged between the government and individuals. Money is a bill of credit, but a bill of credit need not be money. An interest-bearing certificate that was issued by Missouri, and usable in the payment of taxes, was thus ruled to be an unconstitutional bill of credit.

Nope, money is not a bill of credit. It doesn't pay interest. No money is loaned. Gold backed banknotes are a claim on a specific quantity of gold.

Nope, money is not a bill of credit.

The Constitutional Dictionary - The U.S. Constitution Online - USConstitution.net

The above source disagrees.

It doesn't pay interest.

So what?

No money is loaned.

Again, so what?
It's right there in the Constitution. States can't print money.

 

[bripat9643]

Really? What law says that? Private individuals can't print currency, but I'm not aware of any law that says a state owned bank can't.

article 1 section 10

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.​

Nope. It says they can't "coin money." In other words, they can't mint coins. It says nothing about paper notes. IN fact, prior to the creation of the federal reserve, private banks printed their own gold backed notes. If the Constitution doesn't bar a private bank from doing it, then how could it possible bar a state?

Also note that this section prohibits legal tender laws that mandate anything but gold or silver coins as a form of payment, so anytime the state issues or receives payments in anything but gold and silver coins, it's violating the Constitution.

No State shall...emit Bills of Credit

Bill of Credit
A bill of credit is some sort of paper medium by which value is exchanged between the government and individuals. Money is a bill of credit, but a bill of credit need not be money. An interest-bearing certificate that was issued by Missouri, and usable in the payment of taxes, was thus ruled to be an unconstitutional bill of credit.

Nope, money is not a bill of credit. It doesn't pay interest. No money is loaned. Gold backed banknotes are a claim on a specific quantity of gold.

Nope, money is not a bill of credit.

The Constitutional Dictionary - The U.S. Constitution Online - USConstitution.net

The above source disagrees.

It doesn't pay interest.

So what?

No money is loaned.

A bill of credit is a loan that pays interest. That's not what money is.

Again, so what?
It's right there in the Constitution. States can't print money.

It says they can't mint coins. It doesn't say a thing about printing money. In fact, before the Civil War, there were numerous state banks that all printed bank notes, so your claim is obvious horseshit.

You obviously don't give a damn about what words mean or what the Constitution actually says.

That is so beautifully liberal.