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: investing
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.
Bad News Is Never Welcome
A Texas representative, Holland, is accused of orchestrating a corrupt real estate deal involving a deceased woman’s property, selling it to a former colleague at a steep discount. Allegations suggest a conflict of interest and violation of real estate standards. The case questions the legitimacy of the transaction and ethical conduct of the involved parties.
John N. White 