This article discusses the implications of high debt-to-GDP ratios on economic stability and introduces Texas’s new law allowing precious metals for everyday transactions. By utilizing gold and silver as currency through the Texas Bullion Depository, Texans can mitigate risks from inflation while adhering to constitutional provisions regarding currency.
Tag Archives: economy
ELECTION DAY, NOVEMBER 5, 2024
In 1992, James Carville’s phrase highlighted the importance of the economy. Currently, Kamala Harris and Tim Walz emphasize gender equality while defending illegal immigrants. The post discusses Donald Trump’s economic understanding and warns of a potential severe economic depression. It urges voters to prioritize their freedoms and economic stability on election day.
Rockwall County 2025 Outlook: Issue number 1 —Economics
Jim Rickards predicts a 50% stock market crash, the collapse of the U.S. dollar, and riots in America, while forecasting gold prices may exceed $20,000 per ounce. Efforts are underway in Texas to establish a gold-backed currency to avoid the destruction of peronal wealth by runaway inflation and economic collapse.
Texas Pirate Money
In 2015, Governor Abbott signed a bill to establish a gold bullion depository in Texas, repatriating $1 billion of gold from New York. In 2023, bills to create a gold-backed digital currency failed to pass. The Texas gold-backed digital currency will work similarly to GLINT and other states are also moving toward a gold-backed digital currency. Governor Abbott emphasizes the importance of protecting Texas residents and urges people to educate themselves on the issue and lobby their representatives to support the Texas Gold-Backed Digital Currency bills.
John N. White 