Ever the rebel State, Texas has once again earned its reputation by voting to create a Texas Bullion Depository. This facility, much like a Fort Knox type structure, would enable Texans (and eventually others outside the state or even the nation) to invest in the wealth storage facility by depositing precious metals and use the facility as a State banking operation, complete with debit cards and checking accounts.
On May 4th, the Texas House of Representatives voted 143-0 for House Bill 3169 (HB3169) that was written and introduced by Rep. Giovanni Capriglione (R-Keller).
The legislation includes various provisions for the operation and administration of the Texas Bullion Depository, to define the roles of depository agents, to direct the appropriation of money from depository fees, charges, penalties, and other amounts related to the depository. The bill also includes provisions to exempt precious metals in the depository from property taxes.
Engrage? Making up new words now, huh?
Great job Texas!
Federal reserve is not federal or a reserve…6 banking families controling the finances
Texas should give it a chance. Our present system , it seems has gone haywire of late. It has all been been brought about by F**E MONEY.
Never forget that it was the liberal (communist) icon FDR who forbade citizens and states from owning gold and Silver. The purpose of this? To make the Fed Reserve the national depository and the ONLY entity capable of money policy. In other words, for the simple minded liberals, to make the federal government the ONLY entity to own gold and set money policy. In short, make citizens slaves to the government.
Eric, dear boy, your comment is wrong on every level. It is obvious that you are simply a parrot for the democrats with no rational thoughts of your own.
Steven Bass so tell me about all their economic plans and a job still stay past I made it been a control 12 out of the last 16 years with the majority votes Mr. Obama had 72 days his first year and a half due to a few people dying but you’re a smart guy you tosyl I remember them taking the oath in Congress to make sure he was a failure and then he want to second term buy more than anybody ever has and they got all butt hurt make big protest in Congress and sit on her hands I did absolutely nothing they had a 12% approval rating and 98% of them got reelected do you think that’s a good idea I think American voters are the dumbest motherfuckers everand we also have the most people of any country that don’t vote . they use that to their vantage.in fact they tried everything they can to make sure people aren’t eligible to vote
Republicans have introduced 44 bills on abortion, 99 on religion, 71 on family relationships, 36 on marriage, 67 on firearms/gun control, 522 on taxation, 445 on ‘government investigations,’ and zero on job creation.”
Certainly happen to JFK when he began the same idea, to get rid of the federal reservePresident John F.Kennedy,
The Federal Reserve
And Executive Order 11110
by Cedric X
From The Final Call, Vol. 15, No.6, On January 17, 1996
On June 4, 1963, a little known attempt was made to strip the Federal Reserve Bank of its power to loan money to the government at interest. On that day President John F. Kennedy signed Executive Order No. 11110 that returned to the U.S. government the power to issue currency, without going through the Federal Reserve. Mr. Kennedy’s order gave the Treasury the power “to issue silver certificates against any silver bullion, silver, or standard silver dollars in the Treasury.” This meant that for every ounce of silver in the U.S. Treasury’s vault, the government could introduce new money into circulation. In all, Kennedy brought nearly $4.3 billion in U.S. notes into circulation. The ramifications of this bill are enormous.
With the stroke of a pen, Mr. Kennedy was on his way to putting the Federal Reserve Bank of New York out of business. If enough of these silver certificats were to come into circulation they would have eliminated the demand for Federal Reserve notes. This is because the silver certificates are backed by silver and the Federal Reserve notes are not backed by anything. Executive Order 11110 could have prevented the national debt from reaching its current level, because it would have given the gevernment the ability to repay its debt without going to the Federal Reserve and being charged interest in order to create the new money. Executive Order 11110 gave the U.S. the ability to create its own money backed by silver.
After Mr. Kennedy was assassinated just five months later, no more silver certificates were issued. The Final Call has learned that the Executive Order was never repealed by any U.S. President through an Executive Order and is still valid. Why then has no president utilized it? Virtually all of the nearly $6 trillion in debt has been created since 1963, and if a U.S. president had utilized Executive Order 11110 the debt would be nowhere near the current level. Perhaps the assassination of JFK was a warning to future presidents who would think to eliminate the U.S. debt by eliminating the Federal Reserve’s control over the creation of money. Mr. Kennedy challenged the government of money by challenging the two most successful vehicles that have ever been used to drive up debt – war and the creation of money by a privately-owned central bank. His efforts to have all troops out of Vietnam by 1965 and Executive Order 11110 would have severely cut into the profits and control of the New York banking establishment.