finance – John N. White

🎼Money♬, Money♬, Money♬

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.

The Texas Gold-Backed Dollar

The Texas Bullion Depository, authorized in 2015, serves as a state-managed facility for storing precious metals, aiming to support a Texas gold-backed currency. This currency seeks to mitigate inflation risks and provide privacy. Economic forecasts indicate potential recessions, prompting calls to support protective legislation for Texas citizens.

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.

The Federal (Marxist) Income Tax

The content discusses various aspects of income tax, capital gains tax, and the use of gold as a financial resource. It also mentions the impact of modern monetary theory and the potential consequences of proposed tax changes. Additionally, it touches on the possibility of Texas introducing a gold-backed currency.

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.