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Writing's On The Wall: Texas Pulls $1 Billion In Gold From NY Fed, Makes It "Non-Confiscatable"
The lack of faith in central bank trustworthiness is spreading. First Germany, then Holland, and Austria, and now - as we noted was possible previously - Texas has enacted a Bill to repatriate $1 billion of gold from The NY Fed's vaults to a newly established state gold bullion depository..."People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold," and the Bill includes a section to prevent forced seizure from the Federal Government.
From 2011:
"The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board."
The decision to turn the fund’s investment into gold bars was influenced by Kyle Bass, a Dallas hedge fund manager and member of the endowment’s board, Zimmerman said at its annual meeting on April 14. Bass made $500 million on the U.S. subprime-mortgage collapse.
“Central banks are printing more money than they ever have, so what’s the value of money in terms of purchases of goods and services,” Bass said yesterday in a telephone interview. “I look at gold as just another currency that they can’t print any more of.”
And now, after we noted the possibility previously, as The Epoch Times reports, Texas Governor Greg Abbott signed a bill into law on Friday, June 12, that will allow Texas to build a gold and silver bullion depository. In addition, Texas will repatriate $1 billion worth of bullion from the Federal Reserve in New York to the new facility once completed.
On the surface the bill looks rather innocent, but its implications are far reaching. HB 483, “relating to the establishment and administration of a state bullion depository” to store gold and silver coins, was introduced by state Rep. Giovanni Capriglione.
Capriglione told the Star-Telegram:
“We are not talking Fort Knox. But when I first announced this, I got so many emails and phone calls from people literally all over the world who said they want to store their gold … in a Texas depository. People have this image of Texas as big and powerful … so for a lot of people, this is exactly where they would want to go with their gold.”
But isn’t New York, where most of the world’s gold is stored, also big and powerful? Why does the state of Texas want to go through the trouble of building its own storage facility?
There are precisely two important reasons. One involves distrust in the current storage system. The second threatens the paper money system as a whole.
“In a lot of cases with gold you may not have clear title to the metal. You may have a counterparty relationship that makes you a creditor. If the counterparty has a problem unrelated to gold, they can default and then you become an unsecured creditor in bankruptcy,” said Keith Weiner, president of the Gold Standard Institute.
This means you get whatever is left after liquidation, often just a fraction of the initial value of your holdings.
“This exact scenario happened with futures broker MF Global. I knew people who had warehouse receipts to gold bars with a specific serial number. But that gold had an encumbered title and they became unsecured creditors in bankruptcy,” said Weiner.
In Texas, two big public pension funds from the University of Texas (UoT) and the Teacher Retirement System (TRS) own gold worth more than $1 billion.
Being uncomfortable with holding purely financial gold in the form of futures and Exchange-traded Funds, University of Texas actually took delivery of the gold bars in 2011 and warehoused it with HSBC Bank in New York.
At the time pension fund board member and hedge fund manager Kyle Bass explained: “As a fiduciary, which I am in that position to the extent you own gold and you are going for a long time, and it’s not a trade. … We looked at the COMEX at the time and they had about $80 billion of open interest between futures and futures options. And in the warehouse they had $2.7 billion of deliverables. We are going to own it a long time. You are on the board, you are a fiduciary, so that’s an easy one, you go get it.”
Bass is implying that there is much more financial gold out there than physical, and that it is prudent to actually hold the physical.
Taking the gold to Texas would then also solve the counterparty risk. “In this case it’s going to be a depository, the gold is going to be there, they are not going to be able to lend it out and it won’t serve as collateral for other transactions of the bank.” said Victor Sperandeo of trading firm EAM Partners. “Because if the bank closes, you are screwed.”
“I think that somebody was looking at that, we better have this under our complete control,” said constitutional lawyer and gold expert Edwin Vieira, of the Texas bill. “They don’t want to have the gold in some bank somewhere and in two to five years it turns out not to be there.”
So far most of the attention has focused on the part of the depository and the big institutions. However, the bill also includes a provision to prevent seizure, which is important for private parties who want to avoid another 1933 style confiscation of their bullion by Federal authorities.
Section A2116.023 of the bill states: “A purported confiscation, requisition, seizure, or other attempt to control the ownership … is void ab initio and of no force or effect.” Effectively, the state of Texas will protect any gold stored in the depository from the federal government.
And free from the threat of confiscation, private citizens can use gold and silver as money, completely bypassing the paper money system.
“People can legally do that with gold contracts. The difficulty is the implementation. Now Texas has set up a mechanism with the depository. We have accounts in that institution and can easily transfer back and forth certain amounts. So we can run our money system a gold or silver basis if we were so inclined,” said Vieira.
This would not be possible if the gold is stored in a bank because of the risks of bank holidays and bankruptcies. It would also not be possible if the federal government could confiscate gold.
According to Vieira, this anti-seizure provision rests on Article 1, section 10 of the Constitution of the United States, which obliges the States to not make anything tender in payment of debts apart from gold and silver coin.
“If someone from the Department of Justice comes along you are going to see legal and political fireworks. The state is going to say ‘we need to have a mechanism to make gold and silver money. This is pursuant to the constitutional provision we have. You can’t touch this. Our state power on the constitutional level is more powerful than any statute you may pass,'” said Vieira.
Because one of the litigant parties is a state, the case would go directly to the Supreme Court.
“We are talking about something completely new in terms of the legal playing field. This is no longer a fringe concept,” he adds, but cautions about a possible fight with the federal government: “We will have to see how committed the governor and the attorney general are.”
Official Statement from Governor Abbott:
Governor Greg Abbott today signed House Bill 483 (Capriglione, R-Southlake; Kolkhorst, R-Brenham) to establish a state gold bullion depository administered by the Office of the Comptroller. The law will repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas. The bullion depository will serve as the custodian, guardian and administrator of bullion that may be transferred to or otherwise acquired by the State of Texas. Governor Abbott issued the following statement:
“Today I signed HB 483 to provide a secure facility for the State of Texas, state agencies and Texas citizens to store gold bullion and other precious metals. With the passage of this bill, the Texas Bullion Depository will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state."
* * *
Is this the first step down a road to secession? Notably, they'll need that gold to establish their own country once they win the potentially imminent war with the US military which starts on Monday (Jade Helm).
* * *
This implicit subordination of The Fed's gold sends a more ominous signal of rising fears of confiscation and leaves us wondering just how long before every state (and or country) decides to follow Texas' lead?
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Yeah Texas! That state is starting to become damn respectable. Clearly they must be punished.
It's been damn respectable a long time .... even without you .... but, hey .... Thanks to you and all your liberal friends .... for the recognition ! LOL
Is this the first step down a road to secession?
Please dear God yes. The sooner this happens the sooner the rest of the world can stop hearing about these looneys in the news and relegate them to DPRK status - only newsworthy when they’re up to something particularly comical.
Dont forget Silver!
RIPS
lost me @ "First Germany"
germany didnt get back any ounce of gold.... wake up, it's theater.
Yep... Right now, they've only got a "bird in the bush." They need to have a "bird in the hand."
But the NY Fed just might decide to play the "Germany" trick on them and only dribble out a few bars at a time to them.
Until they have it all in hand, this is just bluster.
Yes, Texas. So respectable. That last bastion of freedom in America..... Where, according to an article posted earlier, police will forcibly stop two kids from selling fucking lemonade. And that says nothing of them being a big civil asset seizure state. Texas is run by authoritarians just like the rest of the country.
I don’t understand how so many financial advisors can say 0% is the correct allocation to precious metals. I’ve read over and over how you should not own any gold. Here’s a rebuttal to anyone who tries to say that 0% is the correct allocation to gold and silver.
I hear Rhode Island is getting serious about secession too.
"a newly established state gold bullion depository"
also known as a "walmart"
connected by tunnels to other "depository" installations with "plumbing" problems
It's Jews vs Cowboys, bitchezzz!
Paper Pushers vs Gun Owners.
I know who I'm bettin' on!
It would be great if the csae were referred to SCOTUS. It appears that on Constitutional grounds, Texas has a very strong case and an affirmative ruling would open the doors to other States following suit.
Of course, there are many "Constitutional scholars" who may disagree.......
Maybe their gold is already re-cast into kilogram bars and sitting in China.
But that's OK, the Fed could just give them genuine, 100% pure fiat.
I think Kyle Bass is building his own country.
When did the Supreme Court start upholding the Constitution?
The joke's on Texas. Gold is going nowhere. It peaked. Deflation is the name of the game. The dollar is king.
Texas, it's the LONE STAR state for a reason. Always intended to stand amidst the ruins of RETORNO...
The last stand will be taken in San Antonio...again. Of course the heroic tale of the first one is a massive lie for those interested. The ALAMO story is an original MSM psy-op, making heroes out of thieves...
Anyways, divide, rule, sub-divide, rule, shatter, own...
progressions...like chords...
new...
https://www.youtube.com/watch?v=qyK3MwfBElw
The Alamo "story" is a lie only in your head.
Stay comfortable in your warm bed of a history FULL OF LIES Fred.
It is all good.
You have been merceneried for a long long long time. Loooong time.
Davy Crockett was a land hustler....
Anyways, it's your history, learn it or repeat it....well, actually you are repeating it...over and over...
Sorry for the shameless Blog post, but I did promise people I would let them know when the day came...and I always keep my promises.
http://twoshortplanksunplugged.blogspot.com.au/2015/06/second-company-es...
What day has come? Gold is still going nowhere. And the dollar still remains king. Them's just the facts.
Getting the supreme court involved would be the worst outcome (in terms of bloodshed) as we all no that no matter how good your "case" for constitutionality, they will twist and pervert it into being the opposite.
Texas knows that the:
NWO Cabal Pursues Total Dominion Over The Earth’s Weather And Natural Resources
What exactly are you trying to say ORI, that by virtue of the Spanish empires conquest of the land of the Aztecs and then Mexican independence from Spain, that Texans had no right to take land from Mexico? Mexico's "claim" to any land is derived through blood & conquest.
Its like Texan karma or sumpin, deal with it ;-)
IF YALL COULD STOP DAISY-CHAINING REPLIES TO THE FIREST COMMENT ON EVERY POST SO PHONE USERS CAN SEE COMMENTS, THAT WOULD BE JUST GREAT!
lol...turn it sideways!
Here you go Nm and anyone else interested. This is just one article.
The Alamo has been thoroughly debunked (the story as told).
Reality, as always, is a splash of cold water on the face:
http://revcom.us/a/1237/alamo.htm
Mr. Morales, a self described 'beaner' does a decent job of presenting the facts and reviewing the movie but he presents very few facts to support his ridiculous allegations about the alamo. He definitely has a chip on his shoulder about what he considers desrimination against mexicans but since the 60s those tables have been turned the other way. I am a white minority in Texas and I know what I am talking about. He spews a lot of garbage and other than a dislike of war which I agree with he is full of crap.
Travis Morales, Revolutionary Worker #1237 (lol) of the Revolutionary Communist Party, last seen in Ferguson Missouri, "working for" George Soros with a molotov cocktail in his hand.
Really ORI, thats all you got?
Who but the most dis-possessed and directly affected will tell the truth.
Do you think the MSM/MIC mouthpieces are telling the truth right now about Syria? Do you think "mainstream" reporting willl be the true tellingof what is happening in the world right now?
You are purposely blind.
Right, Santa Anna was an absolute saint, a regular freedom fighting John Brown-type for the common "dis-possessed" communist worker man. Thats why he ordered over 400 (Tejano's included) murdered at Goliad.
Got it...lol.
"IF YALL COULD STOP DAISY-CHAINING REPLIES TO THE FIREST COMMENT ON EVERY POST SO PHONE USERS CAN SEE COMMENTS, THAT WOULD BE JUST GREAT!"
Right. It's definitely our fault for trying to be seen, not the web site's fault for making it hard to be seen.
Offhand, I'd say Waco was more relevent to modern Texas than the Alamo, myth or otherwise.
Soooo.....U Texas stores its gold with HSBC bank in New York. I guess they promised they wouldn't rehypothecate it. Sharp work, Kyle Bass. How can I get him to advise me on where to store my pathetic stash?
And if the Feds turn up at the Texas vault, we're going to see "legal and political fireworks". What a terrifying threat, Obama must be quaking in his boots.
This is a fucking joke. If it's the best hope we have, then....ah, fuck it. What time is the game on?
What in the hell are you saying, that.... that....... the Yellow Rose was NOT black?!
Heresy!
I love the clouds there. The people not so much.
I once heard tell our Preezy was a Constitutional scholar. So that and $2.75 gets you a ride on the subway.
Preezy was a Constitutional scholar.
Yeah....he's really good at voting....present.
He's got that part of it down.
..... yah, the fudgepacker is about as much of a constitutional scholar as it is a U.S. born citizen.... har de har har har...
"To the moon, Alice. To the moon. Bang! Zoom!" Ralph Kramden
Yup - you got your money on Kinky Friedman, and the Texas Jewboys............
Good call!
The present Texas gubnor, Greg Abbot is no dummy to central gubmint schemes. Abbot was on the Texas Supreme court and will prob take care of Texans alot better then Perry who fizzled out in his last two years. Also their attorney General, Ken Paxton is very on the ball. It looks like lots of new blood down there.
Troll Magnet, don't you know that Hollywood has already made that movie?
"Cowboys vs. Aliens". The Aliens had better tech, had a plan and were well organized. Oh, they were after the Gold. All the gold.
Actually, this summer, the Rhodies are preoccupied with winning the national STD rate, with 73% increases in some categories.
- Ned
{and no one gives a shit about "Metric" Chafee's run for the democrat nomination}
Funny, they tell us that all the rates societal ills like STD's, teen pregnancy, illiteracy, food stamps, section 8 housing etc are the worst in the South, and supposedly best in the Liberal "Progressive" NorthEast States.
One fascinating thing is how Rhode Island came to exist. It's classic.
On a different note:
:-) I believe Rhode Island has a right to exist. Do you? :-)
I <3 Texas fanboys.
Does the "writing on the wall" say anything about Jade Helm?
"Jade Helm" is kind of an indirect way of saying "Light Blue Helmet". What group in the world wears such helmets?
The reformed Devo World Tour 2016?
Texas is great, but only as long as conservatives are in power.
If the legislature ever swings left, ya better hope you do not have metal in the depository.
Sure as all hell the liberals will find a reason to sell it, borrow against it, etc...
Still got that advanced stage left-right mental dementing process, eh?
There is a cure for that condition you know.
@ob1: the UN-group wears light blue helmet, no?
And they might elect Chuck as first prez.
Over half the school children in Texas are Mexican or black. In a few years they can legally vote to move Texas back to Mexico or whatever they want.
White people will be irrelevant.
So will Jews.
So will cowboys.
Why Globalists Want Texas to Secede
Suppose the President were a globalist and thus wanted global government, a global monopoly on the power to print money out of thin air, control over who gets what healthcare, control over what is taught in schools, recording of all phone calls and emails, no small farms, no self sufficiency, maximum dependence on government, mandatory treatments, and no guns in the hands of the people. There would be global peace because everyone would be obedient and know their place. Such a future is what globalists refer to as The New World Order.
If the President were such a globalist, then he would naturally be apoplectic at the thought of secession by a big and powerful anti-globalist state like Texas … right? … but nothing could be further from the truth.
Just as the globalists in Seattle outvote the individualists in the rest of Washington state; in the absence of Texas, the globalist pockets throughout the US would outvote the individualists in the rest of the US.
Whereas armed Americans now stand alone against the New World Order; without Texas, the rest of America would soon be disarmed; and then it would just be armed Texans who stood alone against the New World Order.
Then once the rest of the world were firmly under the New World Order, the entire world could simply invade Texas under the pretense of an invitation from some putatively “oppressed” minority, which would both motivate the world while demoralizing Texans – just as prescribed by Machiavelli.
Just Texas will have guns, right. I would like to see them try to come and take them in Arizona!
"White people will be irrelevant.
So will Jews.
So will cowboys."
Cowboys will never be irrelevant.
i know whatcher saying, but jade is a distinctly green colour.
BTW, I've got some purple couloured gold to sell. 99.99% pure, you interested?
Gold content in AuAl2 is around 79% and can therefore be referred to as 18 karat gold. Purple gold is more brittle than other gold alloys,
FYI
One could translate Jade* Helm as Green back
Whatever could that mean?
[EDIT: * Blame the Chinese for the Bankster failure.]
Black Friday shoppers at Kmart?
Oh, light blue...not blue light...
never mind.
Most people are sensible and can just make their own decision as to what percentage their own personal wealth allocation should be made to PM. Just do not fuck it up completely , because if you do not allocate just 0.01% to bitcoin then you are not hedging your risk accordingly. Bitcoin could very well end up pissing all over gold as the next global reserve currency.
Edit - quite insane getting negged for advocating just 0.01% ( just one ten-thousandth of net. worth) would get a neg. Surely that speaks for itself , many investors would risk 0.1% of their net worth on junk-bonds , but risking just one ten thousandth of a percent of net worth on bitcoin,crazy stuff , whoever cannot advocate that please speak your mind and tell why not ?
"Notably, they'll need that gold to establish their own country once they win the potentially imminent war with the US military which starts on Monday (Jade Helm)."
I'm not sure whether to find this statement hilarious, baffling, or troubling. It seems to be a little bit of each.
It is not certain that the military will support the DC psychopaths. Just because prez kicked out the patriots in the Pentagon and replaced them with pussy weasels and fucked up assholes that give away govt. secrets to his cunt biographer will not speak for the whole military.
Jade Vagina is a pseudo trial run to test the public, just as was Cypress. Unlike Cypress this won't get serious until the caca hits the fan with live ammo. The 300 million weapons will NOT be trained on the US military. Some of the airhead peabrains had better consider the consequences. They can piss on the fire but the dogs may not come back to camp. I think if I were in Telfs at the exalted Bilderberger conference I would be a bit nervous about beating a round peg through a square hole.
Pussy weasels??
Sounds worse than the crabs by a country mile.
Seems both rational and logical to me. Look at the number of Federal-State conflicts Preezy's admin has escalated by ignoring the will of the people (both ACA and immigration are issues where well over 50% of broad polling show people are dead against Preezy's plan). Look at the number of statehouse conversations on nullification. ACA and immigration are both flashpoints where many believe the Administration's policy is unconstitutional. Then there is monetary policy and the growing instability of the dollar-based currency. Around the world, nations are dropping the dollar. Why should a state fail to contigency plan for the eventual collapse of the dollar? We're on an unsustainable path. The Federal shibboleths are demonstrably false ('Diversity is our greatest strength'). Hell ya, it's time to check your parachute and mosey on down to the emergency exit. And no, you dont wait unti the plane is in a flat spin at 3000 feet. You do it while the plane is still stable.
I agree with Crazy Tech here. I am strongly ambivalent about the currency itself. BTC could go to the moon or back to zero. I have absolutely no idea either way.
But the distributed blockchain technology behind bitcoin is as real deal, rock the whole world, techno Stevie Fuckin Jobs revolutionary as it gets.
For the Homer Simpson crowd (which is how I finally understood it), it works like this:
If I have an english sentence "Obama is an assclown." and you have an english sentence "Obama is a dicknose." and someone else has an english sentence "Bill Clinton is a Pedophile." then we can all get together of our own free will (No fucking banks, or government or other centralized bullshit scam artist authority) and we can all collaborate to produce a magic number.
We do this by passing all three of these sentences through a magic whizzy techno box that will mangle the inputs together in such a way that if even a single letter changes, the magic number will massively change.
Here is a quick example:
echo -n '"Obama is an assclown." "Obama is a dicknose." "Bill Clinton is a Pedophile."' | sha256sum
and it will spit out this:
50f586ddcbca7014567d0dd4ee1acc4458231f4ef5cae56cbfe938a9317fd5f5 -
What fucking good is this you ask?
Well, the number is magic because everyone who contributed a sentence can easily verify the number is true by taking all the sentences and running them through the magic whizzy box. As long as your sentence is in the list then you know that the magic number is true and was not faked by President Fuckstick or his goons at the NSA or the asshat Russians or the butt licking Chinese or even the uber brilliant geniuses at google.
Change a single letter anywhere in that list and the magic number is completely different. Let me add one more l to Slick Willies name and see what you get:
echo -n '"Obama is an assclown." "Obama is a dicknose." "BillL Clinton is a Pedophile."' | sha256sum
5ff922805288db37801f0d4bd5379048320db2f602ef9026e5c3b16fd505080e -
See how the number isn't even close?
This number is a way to allow any number of people, none of whom have ever met in any way, to come together in complete anonymity and yet still trust that when they collaborate, no one cheated. Because they can't. If they try, the magic number changes and everyone instantly knows someone is cheating. Chain these magic numbers together where the last sentence in a list in the previous magic number and you can go back in history as far as you like and no one can ever change that history.
Long story short (and I am seriously geeking out here, I apologize) if this kind of technology had been used in chaining one birth certificate to the next, they would never have been able to forge Obama's birth certificate. He wouldn't have been able to wreck the american economy and I wouldn't be so pissed off that I spend all this time boring you guys to death with techno bullshit.
In the next 10 years, look for this kind of decentralized decision making to add a whole new dimension to the internet, where lying and fraud become much much more difficult.
By the way, that magic number could also be a way to verify that weights and purity of gold stay constant and never change by debasing.
In short, it's a way to make gold keep its properties of not being printed and yet still work in a digital world, just in case the lights do actually stay on.
Bitcoin = shitcoin.
No joke, I actually had some bitcoins, but they were stolen off my computer 4 years ago.
Explains why you are so pissed. Didn't you have them locked with a password ?
Crazy tech,
You're right. I don't trust bitcoin, and think there is a lot of evidence it is far from what the advocates think it is. That said an allocation of 0%, considering the flaws of our current system and the possibilty of its failure, does not make sense. If I'm wrong about bitcoin and you are right and it takes over commerce a very small allocation, say .1-.3% should be sufficient. Even I, a bitcoin hater, believe .01% is too light.
We both believe debt based money is on it's way out eventually, and the touted anti dollars, gold silver and bitcoin might all have their day in the sun.
My bitcoin says Hilliary is a fucking douche bag. Add that to your block chain and what do you get? The next U.S. president...I was afraid you'd say that.
Hey Captain , insane there were so many negs for what I said. My advice for this lot is please don't forget to print out a Flat Earth map , you will need it to find your stash after Armageddon.
CrazyTech,
Maybe you're right, and everyone should buy one bitcoin, just to learn about it.
I sincerely believe that every USA citizen should have, in his pocket or in his top drawer, at least one USA silver dollar.
After all, the USA Constitution said "the Congress shall COIN the money". Makes me wonder whether the only real USA money was, and still is, the silver dollar.
And every citizen of every other country should have in his physical possession a 1-ounce silver coin minted by his country.
Not even a whole bitcoin , 5 or 10 bucks worth... Just to see how it actually works , most of the Flat Earthers on here will actually be amazed , if only they just tried this system and realise what the potential is here. Unfortunately they will still be locked down in the damp basement fondling their eagles and living off 30 years old prepper food waiting for Armageddon. Which will never arrive . what a fucking waste of tin foil.
How many times do I need to tel you guys? "Holland" is not a country, "The Netherlands" is a country.
I, personally, would stick to Holland .
Netherlands sounds like a taint
Well you have to start somewhere, this is better than the day they killed our president for the Federal Reserve, and yes I am aware that Kennedy was a douche.
Excellent Carl! I couldn't have said it better myself.
They're getting better (State of Texas). At leat they stopped treating their law abiding citizens like CRIMINALS by fingerprinting them for drivers licenses after it was determined that doing so was ILLEGAL over a year later.
It will be sent by boat .....
Technically speaking, wasn't it first Venezuela?
For a little while. But they just did a Gold Swap with Citibank. So will see how long they actually keep it.
http://www.kitco.com/news/2015-04-27/Venezuela-Gold-Swap-Positive-For-Th...
Listening to David Wilcocks or wilcox anyway he was talking about Gold, Seems Silver is rarer than Gold stack as much as you can.
If you don't hold it, you don't own it.
"The University of Texas Investment Management Co., the second-largest U.S. academic endowment, took delivery of almost $1 billion in gold bullion and is storing the bars in a New York vault, according to the fund’s board."
Taking delivery and storing are not the same thing. If you don't store it yourself you don't own it either. That doesn't change where you store it. They don't own the Texas storage facility either.
You build your own vault at your university facility then to store your gold. You can also store more things than gold then.
HSBC is the bank holding the gold in NYC. That's a huge risk right there.
Who is kidding who on this? They are one of the worst banks on the planet.
A long sordid history just means they're better at the game.
You'd really feel like a sucker if you got screwed by a noob.
Just because they don't participate very well in America's War On Drugs doesn't make them a bad bank. For international banking, they are hard to beat.
That seems like a lot of gold for a state university. I wonder what they pay the teachers.
Are you a New Yorker?
"In Texas, two big public pension funds from the University of Texas (UoT) and the Teacher Retirement System (TRS) own gold worth more than $1 billion."
Mack Brown, the head football coach, was paid $5MM per year while losing more games than won.
"winning, duh"
Clearly you don't understand American wives.
They 'own' it even when they don't hold it.
;-)
We will be sending additional senators in the not too distant future.
Unfortunately, the US Constitution does not address this issue, therefore, unfortunately, Texas will have to be removed from the union. by the union...
Secession is not required, and no reference to the term would involve the Great State of Texas.
Texas better hurry up.
So when is this facility be completed? 2050?
I look forward to seeing you little girls defending your half of the nation.
Big Jimmy Cole steps boldly forward to negotiate a reasonable, rational, eminently fair and ecologically friendly peace treaty with the Russians invading through Alaska, the first territory they reclaim after Texas and the interior states of flyover country reform the Confederacy.
Before he can even get his peckerwood liberal puss open to swoon over Vladimir Pootin, his head explodes from a rifle round and he doesn't even get to see what the Russian army does with all the liberal women in the Northwest.
Just ask the Germans how well behaved those filthy cossack pigs can be.
http://www.theblaze.com/stories/2012/12/06/could-texas-really-secede-fro...
Your going to need to bring everything you think you will need.
Because you will need it.............
Read and weep pussy...
What is this Constitution you speak of, and who is the mid-atlantic guy trying to convince me that government follows this so called Constitution?
I recall a certain hopey changey Kenyan Trojan horse note that document as being outdated and needing reform?
Those "loonies" got a hefty amount of gold. Wot u got m8?
You are withered and non-erect.
I lived in Houston for 30 years, don't leave my ass behind if Texas is serious. Cole, if that's your real name you may want to change it.
Please do tell the last time Texas did something that caused injury to the rest of the states.
Now do the same for Vichy DC and NY.
Nope, they are not equal.
In Texas they confiscate the yellow fruit drink not the yellow metal.
Lol..::in tx, you do not need a BILL to prevent confiscation. Im sure we could get 5 million volunteers with a 24 hr notice.
Well then hurry over to that lemonade stand, pardner, and protect those little yella roses!
If Texas goes, a good chunk of the military will go with it. It will be Civil War 2 just for that reason.
The lemonade stand issue is idiotic bureaucracy in action, but local politics usually are. The scope of that problem is small enough for local solutions. The worst case the locals know where the Gmen live, and the Gmen know it. The same can't be said for our dual citizen, foreign estate owning overlords.
Just havin' some fun, Tex. I'm sure that the stars at night are big and bright. I also applaud the decision to repatriate the Texas gold. Fascinating move.
The lemonade stand issue is idiotic bureaucracy in action, but local politics usually are
When the locals ABUSE CHILDREN,,,then the locals need to be shot.
That was CHILD ABUSE.
Since the locals know where these thugs live...they can be disposed simply...
This wasn't abuse, it was education. We use to call this the school of hard knocks, and the sooner kids are exposed to the incessant meddling of government into every facet of our lives the better.
Seeing as they plan on reopening their lemonade stand with free lemonade (no longer a sale) but accept donations I'd say they learned their lesson well.
well, at least now we understand the Jade Helm "hostile" designation for Texas.
Indeed.
Interesting take on Jade Helm.
https://www.youtube.com/watch?v=UrjpaJ-uo5M
Tropical Storm headed for Texas
https://www.youtube.com/watch?v=M--L414H6ko
If you could just extract yourselves from the evangelical thing, it would be great. For a people who abhor control, you sure seem to love being sheep to the good book.
Think of Texas as another country, they do.
Many of us still wish we.were.again.....
The good book is what makes Texas different from California and every other liberal shithole you stupid dickless eggbrained wonder.
(Disclaimer from Captain Obvious: I don't follow the good book nearly as well as I should.)
When I lived in Texas, every single church I drove past had an Israeli flag (often flying higher than the US flag -- something I didn't even know was legal), planted in the parking lot. If pledging servitude to a foreign country is what the good book is doing for Texas, it's probably time to trade it in for a new book.
People like John Hagee preach a false Gospel. Not only are they wrong on Israel, they are dangerous and deceptive people in general.
They get some things right and some things wrong, same as the rest of us. I have my differences, but think they are well intentioned. I'd say they were responsible for the 52%-48% defeat of the Cisneros/Castro wannabe in this weekend's San Antonio mayorial race.
I have lived in Texas my whole life (30 yrs) and been to church's all over the state and have never seen an Israeli flag. They do support what they believe to be God's people and won't be long until we find out if they have been duped by the Synagogue of Satan.
Most of the support is thrown the way of the Messianic Jews who present themselves as vastly different from Zionist. Christians still believe the only way to God is through Jesus.
Before anyone tells me the Bible is fake you must know I am aware of your stance and respect your opinion but I don't wish to argue about the legitimacy of religion . I have access to Francis Sawyer's library so spare yourself the time of copy and pasting links.
We freely worship here.
And next month freely carry too!
@ Monetas
We see what you did there you snide little cunt!
Mr Agent Provocateur. Yes Siree.
The only problem with Texas is a big handful of Ziopaths like Monetas.
Well, okay, and Mexican and Salvadoran gangs.
Are you that guy that had an anus transplant and then it rejected him?
Yeah right. Texas and LBJ whacked the last Prez trying to take on the Fed/Central banksters and the See Eye Aye.
Texans voteded in amnesty/neocon John cornyn and Goldman Sachs Cruz plus george Pedro Bush the IV and loves the Bush klan and LBJ. They talk a big game. Kudos to Kyle Bass for trying to make a difference.
Please refer to Fight Club rules. Thank you.
I know how the Dicks in DC will characterize this...
https://www.youtube.com/watch?v=EUTqW32gx9k
Texas can't secede... nor can any state... Texas can only rebel... please read Texas vs. White for details and stop posting stupid shit...
Article 1, Sec. 8 of the Constitution enumerates the powers granted to the federal government, and the power to prevent secession is not listed.
The Ninth and Tenth Amendments unambiguously state that the powers not delegated to the United States by the Constitution, nor prohibited by it to the states, are reserved to the states respectively, or to the people {of a state, and/or of the United States as a whole}.
Unless you can find in the Constitution a grant of power to the SCOTUS to amend the Constitution, any purported holding as to the Constitutional right {or immunity from federal abrogation of a secession} of a state to leave the union is void ab initio.
you are wrong... furthermore, Texas had to waive its right to secede in order to regain representation at the federal level after the Civil War...
secessionist movements in the US don't have a single leg to stand on in current US law... again, you're wrong, let it go... it's not legal, you can only rebel you cannot secede...
At the point of actual secession, do you really think legalities are going to matter?
The Zulu in Chief and his criminal administration certainly haven't followed the letter of the law, so the Texans have PLENTY of precedent.
I wonder if, upon reading the declaration of independence, king george replied, "That's not legal. You can't secede, you can only rebel. CHECKMATE."
look idiots, I didn't start this whole "oh the Constitution says this and that" bullshit... Counterpunch did, he's fucking wrong, my whole point is you're not seceding, you're rebelling, fucking get over it already...
btw I fucking live in Texas and we Texans don't give a flying fuck about your opinions anyway... if you're so fired up to start a fucking a rebellion go start one grow a goddamned pair and start it on your own... don't wait on us to do it, you fucking candy ass blowhards...
Chill out nigger.
Texans have the balls.
Now there's a state that I respect.
:-)
Texas should melt it into one large bar
they could store it at my cabin...
Hahahaha
Stoopudfukngubmunt ctrl-alt-del
You are NOT GOING TO BELIVE THIS... I figured this would be the perfect time to bring my PM's to Texas...if they are going to be able to wtch them, and not let Hillary take them when this shitberg collapses, I figured...I am on my way. Got my raft out, loaded up...Pushed off in the Columbia River on the ORegon side...figured I would float to the ocean then head south...enjoy the Mexican weather, keep down low so the gangs don't see me floating. When I hit Costa Rica...I will Hike over to the Caribean Sea...row on up to Texas. After I put my raft in...somewhere between 8 minutes and 6 hours, my raft flipped and my silver went to the Columbia River floor. Walked back home...had to type this first thing. I have Statefarm...the TV commercial shows disaster coverage for all kinds of things...Thank You Baby Jesus.
Haaa haa Texas to become a rogue state...... bombing starts in 3....2.....1
Because of subversives Jade Helm has to be upgraded to a real time operation.
If Tejas secedes, I'm taking my Pb, Au & Ag, loading it into my 4WD truck, and moving there.
Hi Texas...Two words Jade Helm
-Da Fed
Hi Fed,
Remember the Alamo.
-Texas
The Alamo was a suicide mission (no pun intended). Must have been Muslims.
The Alamo unlike Sumter let Texas seize the moral high ground. No small point when rising to resist tyranny.
That's the entire point of martyrdom.
Less than 200 Texans against +5000 Mexicans and held out for how many days? Without surrender?
It aint bragging if you can back it up.
I have always found it difficult to brag after I've been killed.
that's why no one will remember you
Hi Fed, remember San Jacinto?