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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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Hi Fed, Fuck You! Along with the NSA................
"Hi Texas...Two words Jade Helm, Da Feds"
Hi Fed...Two words, Gold Held
Da Texans
Hi Texas...Six words, gold still in new York Vault.
Da Fed
You can take Texas out of the Republic, but you can't take the Republic out of Texas. They've got oil, militia, football, gold and even vineyards. What else do you need?
and ports, shoreline, agriculture, border with a trading county and not a land locked state which frees up air space/access etc. If any state is positioned correctly it's Texas.
And the hottest women in the US.
Wisconsin, Minnesota and North Dakota. Sorry bub.
Ya'll ain't been to Alabama.
Shit Southern Women Say
Q: Hows you momma and your sister?
A: She's fine.
Spoken like a Yankee that has to go home to a fat, rude cow every night.
lol.
I'm glad I have dual citizenship, TX and WI.
those who downvoted you a) have poor taste in women, and b) have obviously never been to Texas
Texas has their own power grid as well.
And Texas gets its coal from where?
https://en.wikipedia.org/wiki/List_of_power_stations_in_Texas
Imitation is the sincerest form of flattery.
Indeed.
But rest ASSURED, Texas won't need to go it alone. Geographically, it won't take much for my Missouri to link up.
They are certainly the ideal catalyst and leader, for reasons elucidated above.
FEMA money every time it rains in Houston...
If they want their gold back, then stop picking our pockets for rain.
Well get ready, the rains-a-coming.
https://www.youtube.com/watch?v=M--L414H6ko
Man, you are miss-informed.
Pussy would be a nice addition to the list...for me anyway.
There's two kinds of women left in texas. Those that want a gram of meth and the other a side of beef.
Depends on where you look. https://www.google.com/search?q=texas+cheerleader&rlz=1T4ADRA_enUS491US4...
.ouch
How come you never paid hour child support?
Also ports and beef cattle. Texas is one state that could probably make it on their own but they's have to clean out Austin first. Too many California fruitcakes migrating there
Austin turned into a shithole, sadly. The knockout punch is so prevalent there hard to go downtown after dark my friends tell me. And the police are too pressured by the ultra-far liberalties there to prevent crime.
RIP, Austin
RIP houston as well.....sure it has good titty bars and resturants, but if you dont live in River Oaks, Memorial, or some other affluent hoods, its basically mexico.
si, si Senor.
Worlds best medical center in Houston
Gold is racist. Must invade Texas. Oh wait...
chumbawumba,
is this also part of Jade Helm ?
Helmet covered in heavy gold florets with star top, visor front, Jade pearls.
https://www.pinterest.com/pin/145593000428908992/
The most blatant disregard for the US constitution would be the requirement that US states pay their debts in gold and silver only. When is the last time any US state paid any debt in gold or silver? Perhaps this bill will be the first major piece of state legislation that moves US states back to one of their agreed duties.
To which debts are you referring?
Tx to start accepting RMB AND EUROs and Gold for Oil
FRom lemonade to gold .
I wonder what the gold will be priced in/at.
$1 billion in today’s dollars, 1845 dollars...
Rumor is an EMP for Texas is coming.
And pray tell how would a false flag aerial EMP only stop at the borders of Texas when it went off?
The US will not EMP itself or anything geographically close enough to knock out their own grid except for one reason and Texas secession is not that reason.
lol...the good news is an EMP has zero effect on gold. However its a little more pronounced in a cashless society.
Gimme some-a-dat bit shit love ;-)
Well....... No direct effect on gold..... But when the radioactive isotopes from the domestic Fuku'd nuclear power plants start being absorbed by Ag, the wearer/holder of the gold may soon start falling ill.
The gold itself should be 'clean' again in a couple thousand years?
Edit- gold only has one isotope with a half life of several days.... You are free to pick up gold off of rotting carcasses about 30-40 days after the extinction level event.
That's O.K. - Physical Gold will easily withstand an EMP event. Paper Gold, not so much............
The ONLY EMP TO WORRY ABOUT is a religous emp. All other EMP's over highly industrialized 1st world countries tend to end life on earth
Good. We'll be able to see if there is actual physical gold left at all at the Fed. At last.
Aaaaaaaaaaannnnnnnnnnnnd....It's gone.
The question that strikes me is, isn't this akin to a run on the bank?
Yes, yes, it is - the earlybirds get Gold, the rest get Jack Shit.
Hey Texas - so you passed a law that says in effect the U.S. government can't confiscate your gold? Bwahhaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaaa
You can have your gold but due to transit issues we will deliver 5 bars every 3 months. God Bless you all.
Non confiscatable huh? Tell FDR and Hitler all about that non confiscatable gold.
oh we got somethin for fdr & hitler, name's Abbott..Greg Abbott
Can I borrow your Ouija board?
"Y'all can go to Hell I'm going to Texas."
Wish I could say I came up with this but read it somewhere. Would gladly quote the statesman's name if known.
Davy Crockett
"If I owned hell and Texas, I'd rent out Texas and move to hell."
That was the quote. It was about the weather ... can be hotter than Mexico some times, some places. Crockett didn't have air conditioning.
Davy Crockett told his fellow Tennesseans, after his political defeat for his federal TN congressional seat, that he was going to Texas and they (TN) could all suck his balls.
Then he came to Texas to fight and die alongside Texans and refused to leave when given the opportunity.
The battle of the Alamo is an amazing recount of real courage and bravery. These Men knew they were signing up for death. Davy Crockett makes Chuck Norris look like Barry Soetoro.
THAT quote was from the Yankee occupier General Sheridan
The Royal Canadian Mint will sell you a deposit receipt for physical gold and the receipts trade on the TSE under MNT (in Canadian dollars) or MNT.U (trades in US dollars) These are likely to be a better bet than physical gold for small investors who cannot afford to buy a whole gold bar.
The Royal Canadian Mint gold vaults are EMPTY! Canada has NO phyzz!
Canada has NO phyzz!
Carbon cutting has its price.
I get the Canadian TV channel - CBC. They did a report on the missing gold and went inside the vault. It was empty! The Royal Canadian Mint buys what they need for coinage on the open market whenever they need it.
Canada has plenty of gold.
In deep storage.
Yes true BtP
However, Canadian private miners worldwide are the biggest aggregate producers of gold. Trust me they are mining everywhere, off the books with select corrupt governments.
I believe there is physical gold but even if there isn't:
1) would you rather take "paper" gold from the government of Canada or from a New York bank?
2) a deposit receipt that trades freely for prices under $20.00 per share is a lot more liquid and a lot easier to trade in than bars of gold that will cost tens of thousands of dollars per unit.
I'd rather have physical gold in my safe.
My current preference is the Maple Leaf. In hand, in my safe. I'm not interested in collecting receipts. I get those from Walmart and the gas station.
Don't you like the False Dilemma arguments proposed by the anti-Gold apologists?
Notice that they never offer the obvious choice of possessing Physical Gold.
It is laughable.
Speculators stack paper.
Physical gold is wealth preservation.
At 235 usd's, 1 Bitcoin will preserve your future.
1000 Bitcoins will indemnify your future.
Correction, like any prudent business, the Royal Canadian Mint has enough gold to satisfy consumer demand for the product (coins and bars).
It is our Canadian Central Bank that has dumped almost all of it's physical gold beginning in 1965. It went from over 1000 tons to 3.4 tons in 40 years.
http://www.24hgold.com/english/stat_country_detail.aspx?pays=Canada&deid...
"The Royal Canadian Mint gold vaults are EMPTY! Canada has NO phyzz!"
That's deliberate, according to my reliable sources in Canada. It's to prevent the Parasites and Usurpers from transferring (stealing) mined, processed and stored gold.
The Bank of Canada presently has about a pathetic 3 tons of gold, down for it peak holdings of 1,023 tons in 1965. The sell off was one of the greatest scams in Canadian history. It's seldom talked about.
Not likely.... I always prefer the physical over paper. I was doing business in Western Canada last week and stopped into a Canadian Imperial Bank of Commerce and they were offing physical silver from the 1oz maple leaf to 10oz bar, 100oz and 1000oz bars of silver at a 15% premium over the current spot price. Gold was also offererd in the small quantities. You need to have an account with them and a Canadian address for delivery.
The Royal Canadian Mint has retail outlets in several Canadian cities. I think they are cash and carry.
http://www.mint.ca/store/mint/visit-the-mint/vancouver-location-5600004#...
Gold and silver coins with the likeness of queen elizabeth on them belong to the crown.
Your maple leafs belong to zion.
If you were really concerned about that you could "fix" the problem with a blow torch.
My maple leafs belong to me. Who is zion and how is he going to get in my safe?
Zion is backed by the Police and Military Forces of the United States. They will use the law, perhaps, to STEAL LEGALLY that which is in your safe.
And Jesus asked, "Whse inscription is on the Coin"
The Pharasees answered, "Caesar".
Then Jesus answered them, "Render unto Caesar that which is Caesar's and to God that which is God's."
The inscription upon American Eagles is that of Lady Liberty.
So, likewise, any dues owed are to Liberty and not to the Caesar's inscribed upon today's coins.
Lady Liberty's inscription was eliminated from most US Coinage beginning in 1909 and this was completed in 1948. Her inscription was replaced by past American Caesars. Incrementalism.
Yet I digressed. THERE IS A BETTER WAY TO AVOID CONFISCATION AND THEFT...
See... If it ever comes down to confiscation you can dissolve those Gold Coins in Aqua Regia and then drop it out with Sodium Pyrosulfite.
It appears as a brown MUD...DIRT.
Here is a picture and it is the best way to hide Gold.
https://en.wikipedia.org/wiki/Aqua_regia#/media/File:Golddust.jpg
To bring it back to its rich Gold luster one just melts it with a torch.
Enjoy.
No, best way to hide it is to cast it into fishing sinkers, then spray paint them silver and keep them in a rusty coffee can next to some broken fishing poles.
Immediately retrievable.
Thoroughly hidden.
My "dirt" assays at .999 Fine.
What does your painted stuff assay at? (Paint adds both weight and impurity...)
If you have to put in in solvent then it is not immediate...is it?
Mine is immediate for those in the know.
LEARN IT.
If you spill your dirt, it becomes dirt.
Then you have to pan it, and or melt/smelt it all over again.
My sinkers all weigh the same.
So Queen Elizabeth is going to come to the US, get into the safe of a goldbug, who is probably also a gun nut and take "her" maple leaves back? LOL. If you hold it, and you can keep it, you own it. Period.
Just saying that's the way the law is.
She's gonna have to swim for mine.
It is also illegal, here, to deface images of the old cunt.
So melting my maple leafs is unlawful too.
I switched to bars for my stack.
Zion is one name of the god that wants to dominate Earth.
Professor Bass in the American equivalent of SGE. Smart guy, but we knew that already.
Texas also has its own power grid:
http://www.slate.com/articles/news_and_politics/explainer/2003/08/why_te...
Texas does not have a lot of Federal owned property like other Western states. The people of Texas own their lands. Texans pay property taxes which helps keep property from bubbling, and hence their economy tends to be more efficient.
Texas legislature only meets every other year, on odd numbered years. This helps prevent bad legislation. No, quick...pass the bill, so we can read the bill type of behavior.
Of course, high immigration from Mexico and South America is changing the demographics of Texas. It is a relevant question, What will happen to Texas when founding stock is replaced?
Texas was never really Mexico, there were mostly Indians in Texas. Aztecs would never venture North for fear of getting slaughtered by Apache.
What will happen to Texas when founding stock is replaced?
Indians > Hispanics > Anglos > Hispanics?
We fought that battle once, we'll fight it again. Need I remind you who won?
The Yankees?
You are spamming every page of comments... Why don't you recognize that Texas is trying to do something good and stop being a hater.
Texas also has a fuckton of nuclear weapons in Amarillo. Sure, they're sited at a US DOE facility, but still...
I highly doubt secession is on the table.
Yes, but many of the illegals head out of Texas for greener grass north.
They don't have the gold until they have the physical gold. A lot could go wrong with there plans until they have it. You can count on the Federal Government will make as many obsticles as they can.
A billion in gold will fit into a Texas sized pickup truck!
By volume perhaps....
But a One Ton rated Pickup Truck would crush under that weight.
At roughly $38/gram, one Metric Ton (1.1 Standard Tons) is worth roughly $38 Million.
(1000 kg/Metric Ton)(1000 grams/ kg ) = 1,000,000 gms/Metric Ton. Multiply by $38gm...
That Truck would have to hold roughly 26 Metric Tons to be near $1 Billion. (Doing this in my head...do not be pedantic.)
No One Ton Pickup Truck could handle 29 times the weight of its rating. (A Metric Ton is heavier than a Standard Ton. That 29 times was not a typo.)
Gold is very, very dense.
Yes, so when do we take delivery of our tungsten, anyway?
As soon as the first state goes, another dozen will follow - leaving the liberal states to go belly up!
As long as they can tax and print, can they really go belly up?
They just go from semi authorised taxation to fully unauthorized taxation via inflation and debasement.
I have never thought Texas was that great but if they secede with their gold, that would be great!
Ah, but will they succeed seceding?
If at first you don't secede....
I read the Texas Troopers are training Attack Armadillos that can rip a predator's foot off.
I was living in Alaska in the late seventys when the Alaska permanent fund was being set up. I recall one provision was that a certain percentage of the fund (10%?) must be invested in Gold. Does anyone know if this actually happened and if so how much gold they now own?
"non confiscatable" means lots of guns and lots of men using those guns. If you can't stand in front of it and defend it...
If you are unwilling to fight for what is yours, then it will not long be yours.
Not gold. just yellow colored tungsten.
Don't knock that. Better than copper.
Silver is only at $512.90 something a kilo.
Ferro Tungsten: USD/kg 34.31
http://www.infomine.com/investment/metal-prices/ferro-tungsten/
Nickel: USD/lb 6.11
It would be easy to test for. Tungsten is hard and inflexible. Gold is the most malleable substance known to man. You could use resonant frequency inspection, or just a hammer and a nail to test for gold plated tungsten.
The States can and should hold their own gold reserves.
The States can (by Constitutional Law) "issue coin".
As I've said 2x before, said Coinage suggested is: $1, $5, and $20 in Silver, and $100, $1,000 and $10,000 in gold.
The State and Local Police can and should be responsible for intra-state coin transfers of large amounts, using the DOD vehicles.
Ag and Au coinage should be issued in fractional and whole troy-ounce denominations -- not $ values.
Yes, that would be the smart thing to do, to prevent diluting the PM amounts.
They would thus be hard currency reference points, given the slippery nature of politicians.
Grains.
Texas has set avery dangerous precedence, obviously people will ask why they want their gold and why are they worried about confiscation? Where is our gold, do we have any? The armored van fiasco will steal media coverage of this development.
Texans better brace themselves for relaliation, they will certainly be made an example of. The Fed can't allow other states to follow suit, assuming any other states actually have gold.
Ms. No - You're not from Texas.
https://youtu.be/fLU_IYflUkQ
How many more false flags until it is retaliation?
I think one must be responsible and prudent, even in the face of danger. The State of Texas has a fiduciary DUTY in regard to those hard assets.
this is the only wtg. it's not like they can trust hsbc either.
Is this the first step down a road to secession?
I understand that the Brits are making a film about Mirabeau B. Lamar, called "Braveheart of the West". They will also be contributing to an internal Texas Independence movement....
'Hello, Jade Helm' coming to a bank gold depositry near you.
Jamie Dimon and Floyd Bankfiend are holding all your gold in their Presidential cufflinks. That's why they're richer than us.
Fabulous! Texas can take everything south of the Mason-Dixon with them.
And we won't let you fuckers in. No matter how bad you beg.
There are a NUMBER of states north of Mason-Dixon who would want to join the party.
Disdain for RaceMarxism ain't just a southern thing.
As I recall, Texass has lots of military installations. I spent 6 weeks at Lackland AFB back in 1964. Never left the base. Been thru Dallas a few times since flying out to Honolulu.
And you lost your penis in a rotor-tiller accident. Who cares? As I recall, you are a peeny-spasm.
And we're damn glad you're gone.
Sign Governor Greg Abbot up for Mark Dolan's top 5 "balls of steel" moments!!!
https://www.youtube.com/watch?v=sTXbn63yaec
Sheesh, it's almost as if they don't trust the fed.
I wish my state, Alaska, would do this. Instead, Juneau is filled with sycophants ready to suck the Fed dick every change they get.
Secession? Go for it Texas :-)
As an old American buddy once said to me: "I wasn't born in Texas, but I got here as fast as I could."
And in other news, to help with the national debt, the whitehouse is going to switch to florescent light bulbs to save $7 a month on the electric bill. What the hell is 1 billion in gold going to help? Texas has nearly 300 billion in debt just at the state level alone. Repatriate all the gold in the world, and you still wont even come close to making a noticeable dent. End result is fucked any way you look at it.
You're not thinking clearly because you're thinking in dollar terms. Try thinking in terms of troy ounces.
And in other news, to help with the national debt, the whitehouse is going to switch to florescent light bulbs to save $7 a month on the electric bill. What the hell is 1 billion in gold going to help? Texas has nearly 300 billion in debt just at the state level alone. Repatriate all the gold in the world, and you still wont even come close to making a noticeable dent. End result is fucked any way you look at it.
You're not thinking clearly because ... oh, never mind.
I know of no 300 billion in debt. Source?
Did your mom drop you or was it a circumcision accident?
$341 billion 1-1/2 years ago.
http://www.statebudgetsolutions.org/publications/detail/state-budget-sol...
"What the hell is 1 billion in gold going to help? Texas has nearly 300 billion in debt just at the state level alone."
I don't think Texas will have to worry about that $300 billion in state debt if it stops being a state...
The feds are doing pretty well chasing people who want to give up citizenship, they will not doubt try much harder against states that want to leave....
This means nothing until they threaten and/or close the Texas office in the Hall of States Office Building in Washington DC...until then it's all fotter for the-masses (dumb-asses)!
Spontaneously, "Texas chain saw massacre" comes to my mind. Bring it on, T-Rex.
Texas is about to find out the real purpose of Jade Helm.
Jade Helm will also find out just how armed the average Texan is.
I'd be very satisfied if some of those undercover brothers got fucked up by the locals.
https://www.youtube.com/watch?v=S8kPqAV_74M
Texas has WMDs and Niger "yellow-cake" in 3..2..
Liberty is a demand. Tyranny is submission..
Operation Iraqi Freedom >> Jade Helm
The tanks will drive right yup to Texas' equivalent of an Oil Ministry.
This doesn't mean shit. Texas gets 33.28% of it's State revenue from Fedgov.
Let's see what happens when Fedgov turns the spigot off.
http://wallethub.com/edu/states-most-least-dependent-on-the-federal-gove...
Texas gets 33.2% of its state revenue from Fedgov. Really? And where, pray tell, does the Fedgov get that money to give to Texas? Maybe you've got the spigot pointed the wrong way?
The 2014 CAFR for Texas states the following:
Total assets of the state as of Aug. 31, 2014, were$260.3 billion total net assets of Texas, August 31, 2014.
Check your information.
The 2014 CAFR for Texas states the following:
Total assets of the state as of Aug. 31, 2014, were$260.3 billion total net assets of Texas, August 31, 2014.
Check your information.
Folks on welfare get 0%. That's what happens.
Let's see what the Fedgov does when Texas turns the spigot off.
I'll become a citizen of Texas and issue the damn arrest warrants for Blankfein and Dimon myself if I have to. Gosh dang it.
Does Texas have nukes I wonder.
If TX has nukes, they are likely ones that are deployed/ready for deployment. You want to go one state west of Texas for the nukes. NM probably has 3,000 of the things within its boundaries right now. A bunch of them are within 20 miles of me.