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.
Tag Archives: gold
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.
Central Bank Fiat Currency: As Yoda would say, “Clear, your mind must be, if you are to discover the real villains behind this plot.”
The author discusses various financial matters, notably the history and risks of fiat currency, the role of the Federal Reserve, and the development of digital currencies. The author criticizes the Fed’s “responsible” management of digital assets, underscores the need for congressional approval for issuing digital dollars, and expresses personal concern over a Central Bank Digital Currency. Furthermore, the author highlights possible surveillance risks associated with China’s Digital Yuan.
What do you know about the Texas Gold Bullion Depository?
What do you know about the Texas Gold Bullion Depository? Noting? This was written just for you.
John N. White 