Texas Establishes State Gold/Silver Depository

[TrumanCash]

From the Office of the Governor: (http://gov.texas.gov/news/signature/21038)

Governor Greg Abbott today signed House Bill 483 (Capriglione, R-Southlake; Kolkhorst, R-Brenham) to establish a state gold bullion depository administered by the Office of the Comptroller. The law will repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas. The bullion depository will serve as the custodian, guardian and administrator of bullion that may be transferred to or otherwise acquired by the State of 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."

Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable" (http://www.zerohedge.com/news/2015-06-13/writings-wall-texas-pulls-1-billion-gold-ny-fed-makes-it-non-confiscatable) (and compliant with Article I, Section 10, US Constitution).

[wnlight]

Is the State of Texas preparing for an impending failure of the federal government?

[Rhah]

So first we hear that there might be an EMP attack on Texas this monday - which would cause the Texas citizens to lose all of their money apart from what they have left in cash as they won't be able to access their bank accounts - and now this; a system that would make it possible for the Texans to use gold and silver as money...

[Rollo]

Germany didn't get their gold back why Texas would get theirs.

[Lifebringer]

Maybe the Bushes and Cheyneys and other in the know warmongering pillagers are gonna pull their ill gotten gains out the banks to crash them?

[ZooLife]

The law will repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas. )

Physical gold from the Federal Reserve?

This story should be interesting to see played out if it doesn't die first.

[t2016]

It may be the time for you to see my thread again.
http://projectavalon.net/forum4/showthread.php?81391-Make-Pure-Gold

[TrumanCash]

Texas Gold Bill Sponsor Challenges Feds to ‘Come and Take It’ (http://www.theepochtimes.com/n3/1394375-texas-gold-bill-sponsor-challenges-feds-to-come-and-take-it/)

"By creating this depository what we are able to do is people are able to make their transactions through our depository, completely in conformance with the Constitution."

"It’s done electronically, we won’t actually move a block [of gold in the depository] because we want to have the fractional equivalents to be able to move it over. But it’s essentially being moved over. Individuals, corporations, and government entities will do their transactions through the use of gold....With this you can take possession of what is in your account at any time, within five days it will be subject to delivery."

"What we have in this is something that people can rely on. The way we structured the bill is there are no forwards, future derivatives, lending contracts on the bullion that’s placed inside the depository. What you see is what you have. Nothing will be created, nor destroyed."

[TrumanCash]

Here's another interesting tidbit about Texas: Texas has the same GDP as Canada (http://www.dailymail.co.uk/news/article-3135525/Maryland-s-GDP-big-South-Africa-s-map-America-shows-individual-states-economic-activity-major-countries.html).

This same article shows how each state's GDP compares to other countries.

[TrumanCash]

Texas Gold Bill Sponsor, Giovanni Capriglione, with update on July 10, 2015:


http://www.youtube.com/watch?v=N6xBAQsrumc