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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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I wouldn't trust anyone in the communist democrat controlled state of N.Y.
Texas you better test every bar of Gold from the commies for purity & weight.
What are all of you Gold Haters going to do with your brown stained shorts?
Gold will fall just like all other assets in the next deflationary collapse. Remember what happened in 2008? Cash (physical) will be king.
In a deflationary collapse, the U.S. government would go bankrupt as it could no longer service the existing outstanding debt. I doubt that they would voluntarily choose this route. Inflating the debt away is more likely.
Not how established nations die. Call it hyperinflation in an instant if you will as a satisfactory analogy. If it is palpable, it will be short lived. Not some long, drawn out process like a 3rd world country or country in post-war shambles. Between now and then, deflation is the name of the game. Desperate governments are going to hunt $. And when pensions really start to roll over they are going to rob everyone blind. $ will go underground. It will increase in value as long as it has confidence behind it (which will strengthen during the period where government is hunting it down).
Then, as Frank Zappa said, they will pull down the curtains and show you the brick wall behind the stage. It is at that point you can render your cash available to warm your house via fireplace (if you have any left).
PM's? Great insurance. Maybe worth something some day. Maybe worth your life if they work to get you out of hot water. But, go all in on them? Hell no.
Well if Texas starts promoting gold and silver as currency then I guess that counts as cash doesn't it?
What job did you say you had with the Fed?
What if Jade Helm is a first step (or subsequent step) in the MIC saying "fuck you" Wall St and DC. And starting the process of controlling the shit storm and executing the traitors?
Not a great outcome. But better than where we are heading with Wall St and DC at the helm. One can only dream of seeing the public trial for treason of most of DC, Wall St., etc. - and subsequent executions, clawbacks, family banishment, shame, etc. How best to quell the bloodlust that they (the traitors) have been stewing? The irony of it all.
Bring it MIC and I will stand by you. I know you have the dirt on these fuckers. Let's reset this great experiment. I know you took an oath. Defend it.
There was a guy supposed to be an intel analyst who said the Southern Border is going to be a source of conflict or terrorism. His guess was that this was what Jade Helm was all about. That maybe there was intel that is predicting a big problem pouring in from Mexico.
Makes as much sense as anything else, except I keep hearing that it is special forces exercise when covering such a large area would seem to need more conventional forces.
Sure would like our Military to seize the bankers though and then ban lobbying, gift giving and campaign contributions. Oh and break up TBTF Banks. Not sure what they could do to the Politicians. I guess declare a coup and marital law.
My only exposure to Texans was forty years ago at our County Fair here in South Central Wisconsin. They are a boastful, cocky, tougher-n-shit bunch who don't back down. At least they were 40 years ago. The rodeo guys were, anyway. Don't know how things stand today.
It was an August Saturday night at the Sauk County Fair. The livestock auction was during the day, the entertainment in the grandstand arena had been a traveling rodeo show from Texas, and now the local farm boys and visiting cowboys were swaggering and drinking in the beer tent on a hot summer night.
The trouble started when the local Volunteer Fire Department's brat stand had a huge grease fire and burned up. The intoxicated Texans thought this was hilarious, and gave the frantic (and equally intoxicated) firemen a lot of unsolicited advice on how to deal with the conflagration.
Then the Texans began insulting the local beer and brats, and admiring the local women.
The ensuing brawl was a wonder to behold. Those Texans were TOUGH (they rode crazed bulls for a living). The farm boys were STRONG (they threw hay bales and feed bags around for a living). Honestly - they were hitting each other with picnic tables. The "security officers" patrolling the fair grounds ran for cover, as did everyone else not directly involved in the melee.
When it was over a few participants went to the Dr.'s trailer who was on site because of the rodeo; some needed stitches or whatever. No one got arrested. No one went to jail. No one got sued. No one got shot. It was a hot time in the old town that night!
@itstippy - In those days, America was a better place - bot north and south. Thanks for sharing that story. It brought a smile to my face on a night that I don't have a lot to smile about.
Will Texas Please issue Passports as proof of citizenship.
JFK was killed in Texas. The lame cover up story persists to this very day. It's still a place where powerful cliques control the courts (including the Supreme Court), the police, the governor's office, and the legislature.
Looks like Texas is a fortress of the shadow government that run the United States along with criminal syndicates in New York.
Yes?
.
If too many bullion owners take delivery, there could be a big problem in New York - not enough gold. The first ones to get their gold out win.
Watch for snipers in the school watch tower. IE false flag .
Why do they have to construct a building before delivery? They don't have anywhere now in Texas where they can safely store a truck full of gold?
Good luck getting it...they actually think it exists?
The Fed and the American Empire are going for the gold. And it has included wars to seize a sovereign country’s gold reserves.
Gold is the object of pursuit in the Western elite banker wars as the world heads toward gold trade notes and RMB bonds that will turn the tables on the Fed and the dollar as the reserve currency.
It’s capital control breakdown. The final gasp of the Western banker criminals. And now they want gold, your gold. Texas gold. “Because future trade probably will be in gold trade notes to replace the U. S. dollar; a form of credit that will carry the same protections that the reserve currency does, but will use a gold backed system of currency that will bypass the dollar, the Bank of International Settlement (BIS), and most centrally controlled fiat currencies,” says Jim Willie.
The Western elite bankers’ war in Libya was to confiscate Gadhafi’s estimated 150 tons of gold. The war in Syria is to confiscate el Assad’s 24 tons of gold. The war in Ukraine was to delay the coming currency reset for a year and to steal Ukraine’s gold (21 tons).
The Fed controls finance, but the Chinese control trade (value) and industry, and a giant paradigm shift is underway as the U.S.Treasury Bond market dries up and goes away. That’s why the banks and sovereigns now want at least some RMB bonds, replacing U.S. Treasury bonds in their systems, and some nations are starting to issue their own currencies.The RMB will push out Treasury bonds in the global banking system and then into gold bullion, i.e., gold trade notes.
In short, “QE (which includes billions in hidden QE purchases of U.S. Treasury bonds each month) is to the financial environment as Fukushima is to the ocean.” QE is currency destruction.
For details here is the video by Jim Willie.
Jim Willie: Petrodollar Dismantling, Derivatives Accidents, QE $1Trillion Per Quarter – 06.10.2015http://thevictoryreport.org/06-10-2015-jim-willie-derivatives-accidents-qe-1trillion-per-quarter-petrodollar-dismant
Holy Guacamole! Hey! Does this mean the rest of the people in the USA can put their gold in Texas vaults without the fear of confiscation? Go go go !!!
Like they said, there's been interest from folks all over the world. Pretty fascinating development, lots of people's wheels are turning.
I will move to the first state that secedes.
Just hope that state doesn't become worse than the one we got now.
I support your sentiment, but a secession of large state without local or foreign military backing will probably mean civil war - the Establishment isn't going to simply relinquish control without a fight.
Seccession. I hope so.
if you deposit gold, why is there a counterparty at all - why isn't it a bailment? I pay you $x to hold and care, if you lose it, you owe me fair value.
Simple.
..And what's the deal with Ukraine's gold?
Would Texas get Ukraine's gold?
TEST IT!
Who the f*ck knows what you will get as "gold" from NYC?
So you wanted some solid gold???
https://www.youtube.com/watch?v=Bl4K6VLIhf0
You have to melt it, to know what's in it
Good job Texas. Pull the trigger on the public servants supporting TPA / TPP. Then declare secession. A domino effect will occur.
I see a ruse to get a lot of peoples' gold into one box.
wonder if this means the 800,000+ acres of Texas Oil lands that TPL holds makes them worth a lot more now
Yes, let's see what this does for the oil price manipulation.
Texans, prepare for a zio Jericho event.
We're pretty well armed.
Who has considered this alliance between Saudi Arabia and Israel?
We see stories depicting Neocons & Israel displacing people at US Foundations, Think tanks, Military-Pentagon, White House Staff, FBI/CIA/NSA. And one story reported that the power struggle might be between Anglos in the Oil Biz & in Federal Government & the Neocons.
Now you hear that Israel may have supported Saudi Strikes in Yemen and that Saudi oil pumping is destroying the wealth of Anglo Oil Biz.
Seems plausible that the old Guard Anglo Rulers are losing to the Neocons. In which case it is possible that Saudi Arabia would work on a nefarious plan to consolidate more power for the neocons at the cost of US Individual Rights.
But would be like an inside job "Red Dawn".
Or er... Like 9-11 done by Saudis and Israelis.
Emergency light trucks with extendable masts.
Built in US, and shipped (per contract) to Saudi Arabia.
Non-military.
Nothing "Highly Suspicious".
I was surprised that the US actually builds anything. I'ld like to have one of these trucks!
http://www.rosenbauer.com/en/rosenbauer-world/fahrzeuge/superstructure-a...
I'll beleve it when the gold is in Texas. Gold is now in storage at HSBC? "Pulls its gold from the NY Fed" etc etc
I stand with Texas.
Holder-in-a-skirt is planning a Texas-size civil asset forfeiture.
One billion out of how many billions? At 50 million dollars a ton that's around 20 tons of gold.. Would only require one lorry. If they need a driver for it let me know.
Maybe they'll bring it down in a Chuck Wagon on a cattle drive all the way from NYC to the Depository. On the way, you can eat beans and cornbread every night sittin' around the campfire.
Sure, Schope. Like in the real Old West, right?
www.youtube.com/watch?v=VPIP9KXdmO0
One billion out of how many billions?...
Can't argue with the logic, with 80B in open interest and only 2.7 actual, one can easily see why a fiduciary responsible person entrusted to care for a public Texas employee's pension would be concerned. The costs to construct and maintain an official depository may be significant, but completely justifiable. I certainly think they'll build it to hold more than 20T au, don't forget the ag and other "precious metals".
I suspect ghosts of the Hunt's royal spanking by the US Congress and their suspension of basic commodities rules continue to haunt the minds of Texans. They have a way of "remembering".
http://r.duckduckgo.com/l/?kh=-1&uddg=http%3A%2F%2Fwww.investopedia.com%2Farticles%2Foptioninvestor%2F09%2Fsilver-thursday-hunt-brothers.asp
I know for a fact near the end of Hunt's Idaho based Sunshine Mining's operations in the 80's, they were actively seeking and developing domestic gold mining opportunities.
jmo.
Vieira's, Pieces of Eight is the most amazing writing ever on the history of the US dollar and it's conversion to the FRN. If you can beg or borrow a copy, read it.
Where are those guys in NYC going to be able to steal that much gold from... to send to Texas?
hell if I know, we know they done spent all of germany's gold and couldn't come up with it.
Texas better triple-check the gold and make sure it isn't a load of lead bars painted with gold spray paint. Never trust a New York banker.
Tungsten is the fake metal to look for. I would drill every bar.
I thought I was proud to be a Texan. Now its set in stone.
Yeah if Texas goes I will be looking at the map. And those county sized states up north will be fucked. States along the Ohio and Mississippi along with the Missouri will have to make a choice. Coastal states as well
So say I own a safe. One day I tell you that I will store your gold for you and and you won't have to worry about it. You give me your gold. I turn around and sell your gold to somebody else. How is that not theft exactly?
Of course it would be theft. But you misunderstand. Its OK when the federal government does it, because they are high minded and have everyone's best interests at heart. And because.. racism.. and its for the children.
I made my bet on South Carolina over Texas. Texas has strategic advantages BUT the Feds are all over that state like crabs at the beach. Not only are the crosshairs of Jade Helm on the state, but the damn progtards have been planting wetbacks to the left and right of every cactus.
And I'm not sure having Mexico next door is all that wonderful. . .
Welcome to Texas.....BITCHEZZZZZ
We don't need Texas to secede. We all need to secede from the U. S. Corp.
Take that Jade Helm!
Political theater - gotta love it!
Nope, first was VENEZUELA.....obviously Chavez was evil
https://www.youtube.com/watch?v=5UX2afsTqFI
See snatch......
Non confuscatable? Wait till they get a no fly zone. I think the feds have all the fire power, he who has the file power owns the gold and the tax slaves who produce it.
Unless you have the means (the bomb) to deter the CRIMINALS, just moving precious from one place to another!
get the bomb and you can charge me to store my two Gold pieces
Every physical item is inherently "confiscatable" including gold.
And every confiscator is inherently susceptible to perforation.
What a huge part of this entails is that Texas will no longer have to pay them lib-uh-rul, gun-grabbin', mouth-breathers in Manhattan a bunch of money to store the (assumed allocated) gold bars which is rightfully that of the Lone Star State. Although I want to give them yankees the benefit of the doubt, yet I strongly encourage Texas to give each and every bar the x-ray treatment as the TSA does to We the Sheeple before getting on a flight, especially because of the threat given to Texas by the DHS, yet it has a very open border today. Besides, tungsten doesn't spend quite as well, and we deal with an Uncle Sam who deserved to have his Fed Res credit cards yanked away long, long, LONG ago!
I throughly enjoy skeet shooting with my real Uncle in southeastern Texas, not having to heed Uncles Asshole in Maryland or New York State who thinks they know so much more than We The People regarding our own protection. Furthermore, what guarantee do these States, including the People's Republic of California grant that I would receive prompt and fair protection from some scumbag wanting to rob me? They and the cops seem to have the guns anyhow in those areas, and that's why I'm so pleased Illinois is trying their best to force Chicagoland out of their stupor, not that TPTB aren't trying to secure their status-quo, mind you!
Tyler, I'm pleased you brought up the possibility of secession. Although I personally doubt Texas is considering this, there have been pockets of thought regarding such. Former Governor Perry even made mention of it early in Obama's tenure, although I somewhat doubt his sincerity, it was nevertheless refreshing to sense backlash, therefore to those who believe that Texas cannot again function as their own independent entity, you don't understand the Texan mentality, spare the rich history she enjoys.
Since I live just minutes from Texas, I am quite willing to declare that I would gladly defend her if she again waves the middle finger of enlightenment at the District of Criminals. Moving there is really no issue at all and would likely take less than a few days! You see, Texas is one of the few States capable of functioning as a separate nation, besides, I want badly to see the State DPS officers finally act more like the Rangers do instead of the nonsense many motorists experience on parts of I-10 and I-20. Getting the Feds out of Texas policing, particularly ridding any elements for unconstitutional civil asset forfeiture would be among the finest things to happen!
Finally, there's the lib-uh-rul holdouts, the islands therein. Houston has a few welfare recipients wanting "reparations" and Austin has their own vibe which lawmakers deal with annually. Both can be easier tolerated once the District of Criminals is out of the mix. Heaven can return to Earth, and Texas already has an Earth in it. I've been there. The smarter Californians are leaving their state in droves to conduct their businesses where it's nowhere near as regulated or expensive. Either way, they'll be speaking at least some Spanish, but much more on their own terms.
Morning Bitchez.
If you dont hold it, you dont own it, same as it ever was. Anyhow, two ants were busily exploring a nubile womans body in the dead of night, after they made it past the Titty Mountains and fought their way through the thick Bush Forest, they came upon the Two Caves at the top of legs where things start getting Cheeky.
Bob says to Bill, 'You check that cave owt, I'll check this one and we will meet back in an hour'. Off they pop.
When they meet back up after an hour, Bill says, 'How did it go?'.
Bob says, 'Well it was alright at first mate, nice and warm, but it soon got dark and I ended up getting covered in this thick brown filthy stuff that fucking stinks, fuck that for a lark'. 'Anyhow, how did you get on?'.
Bill says, 'Started great, lovely and warm, moist in the air, when all of a sudden this baldy bloke pops his head in and starts fucking head butting me and spitting all over the place, fuck that for a lark'.
;-)
Made me LOL I96. Good to see you mate...
SGN2, you're a sight for sore eyes, havnt seen you posting for a while friend.
Hope all is well with and yours fella, best wishes your way mate from a bloody cold, damp Nothumberland.
;-)
What happens, when people ask for their gold to be physically deposited? 99.9% of it all exists on paper only. You may be able to manage a situation, where one out of a thousand investors wish to do this, but how about two.
This is the beauty of why Texas will make their own "Fort Knox" so to speak. We should be doing the same ourselves! Jim Sinclair warned us years and years ago that we should be prepared to act as our own Central Banks when the SHTF. Although I won't get into specifics, I've been doing exactly that, and it's outside the bank$ter system.
Keep stackin' the Phyzz!
$1 billion ain't shit in this day and age of trillions. Well, unless this $1 billion were on the asset side of MY ledger.
Nice story but China is consuming nearly double that every week.
Gold is no different to cash or any other commodity in the article. You have a failed bank, cash or gold does not matter operating in an at best flatlined economy with little to zero growth. Sensibility is to reduce exposure to collapse and financial risk at any level so good luck to Texas on doing this but ...
Just a pity as the scenario above still remains that the ordinary punter dealing in cash is to be denied by the future removal of the trading in cash mechanism so they can keep cash in their own despositary called A MATTRESS. Then when the bail in happens you can't get the cash out anymore and like gold deposits it will miraculously vanish.
Texas just put itself on the map.
More from the 'News before it becomes News' department
Obama not ruling out military action in Congress.
http://www.theonion.com/article/obama-not-ruling-out-us-military-action-...
And so it begins, the slow motion train wreck that is our nation breaking apart into factions as a result of the actions of divide and conquer politicians (read race baiters)
Texas Citizens come store your gold over here it will be safe.
Oh, yes. The End's beginnings are well in progress. Texas is preparing to go it alone -- less, I'd suspect, as secession from a functional United States, but as a survivor of a collapsed economy and government. When the Big Guys start pulling their money out and heading for the hills, you know the game is nearly over.
The announcement coincides with 23 years of Stupidity as Both Democrats and Republican took Big Corporate Money, Neo-Zios took control of the Presidency, Congress, and Foundations, and plans for Globalism reach the final phases with TPP, TISA, TTIP.
- PAUL RYAN VOWS: FAST TRACK PUSH NOT OVER YET!
- STILL HIDES TEXT FROM PUBLIC VIEW...
- Pact could limit access to generic drugs...
- Pelosi 'screwed this president'...
- WIRE: LOSS OMINOUS SIGN FOR OBAMA IN MONTH OF CHALLENGES...
- DOWD: Must wonder if moment of greatness is flickering...
- Anti-Trust Laws would forever be Lost
- Money in Politics would be Normalize and out of reach of any future Reform
- Censorship of Free Speech & Internet would be Normalized and out of reach for any new First Amendment Rights
- US Constitutional Rights would be Supplanted/Normalized and curtailed
- Second Amendment Rights would surely be in question
- World Largest Monopolies and Conglomerates would get even bigger
- Effectively all governments and world governments would be displaced by international law and corporate arbitration panels
- Mangum Carte & Individual Freedom/Self Rule would be Sealed in a Coffin ending the struggle against privileged power
Bravo! TV88s. We owe a debt of gratitude to Julian Assange and the team at WikiLeaks for their sacrifice to keep our nation free, for their Paul Revere-like TPP alert to warn the people of the coming of the largest, most secret, most corrupt, most freedom-destroying, most greedy grab for the world’s resources ever to be recorded in the annals of man.
WikiLeaks: “Information Wants to Be Free” – the Eagle of the Internet -- on its quest to arouse the vigorous resistance of the millions of people who are intended victims of the mammoth power network that is conspiring to take over the world.
We must fight the noose which already is around our necks, TV88s, the fight that you and Zero Hedge and WikiLeaks and the Snowdens and Greenwalds already have begun.
Thanks. Yes, we do have some Paul Reveres. Bradley Manning might have also been the actor that provided us with the great stuff he is convicted of. I can't help but think he wondered if someone was watching his actions while he was doing the downloads.
I should visit the TISA post this afternoon.
You know Ed Snowden has some big cajone's. That guy has nerves of steel I tell you. My biggest Respect to him.
The NY Fed will never deliver that gold and if they did Jade Helm will make sure it is returned to the Federal Government. I suppose it could spark a shooting conflict between regular army and the Texas National Guard, but what will Texas do when the next national disaster or state of emergency strikes?
The "regular army" is composed of Texans and people who think like Texans, perfumed princes like General Petraeus excepted. The only conflict will be between the guys with the guns and the Obama generals.
I just read something about Otto Von Bismark saying that long before the US Civil war the European Bankers wanted to divide up the USA to prevent our power from getting too great. They wanted to sell arms to both sides like the Civil War and cause tremendous debt on both sides. But they preferred to break up the USA into smaller countries and foment war continually.
Kind of an Ugly idea. Don't know if Bismark actually said that. But the Civil war and many of our wars show the ugly hand of Europeans.
Would Israel or Bankers want to end the USA? Something is destroying the USA. Seems like Greed and Corporatism. But could be something even more sinister.
It’s the financial hijacking of America, through bankruptcy!
Karl Marx and Mayer Amschel Rothschild would have loved the Fed, just as Bernanke, Greenspan, Soros and Rockefeller love the Fed. It is the route by which their dream of one-world control, through economic subjugation, is being built. Socialism – simply economic control of the people by government ownership of the means of production - is their companion economic system.
Already, economic “union” and “globalization” under the boot of the bankers is culminating in the economic impoverishment and bureaucratic regimentation of the American people – through national bankruptcy, perpetual war, and a crushing of sovereignty by elimination of borders, culture and history.
It means, of course, the blackout of freedom.
Both Socialist Economist John Maynard Keynes and the ruthless Communist Vladimir Lenin (1917-1924 – 9 million deaths) agreed that inflation could “destroy the Capitalist System,” maintaining it was a matchless “means of overturning the existing basis of society.” Inflation, said Economist Henry Hazlitt, sets the stage for tyranny.
And what is tyranny?
“If you want a picture of the future, imagine a boot stamping on a human face -- forever.” – George Orwell, Nineteen Eighty-Four.
Motives are slippery, but we can identify people responsible and we can seize their assets and them.
We certainly had a lot of communists and people that were almost militant in the 20th century USA. We stopped getting news about them after Worker Rights passed in the 1960s along with Medicare and disability insurance in SS.
Scary stuff. But all modern nations have Socialism at this point. There is no need for Communism.
Wait... We are now sliding into Fascism and the Capitalist have won their slave-labor, work-force overseas and loyal, debt-laden, lackeys here in the USA.
The Fedcoats are legally obligated to move that gold to Texas in a reasonable amount of time. If they dont, then Texas has EXACTLY what it needs to secede. No, no, home-viewers. If its the last real gold the Feds have, Texas will receive it.
Federal .gov can't let anyone secede since all people are profit centers, part of the consumer market, tax revenue generators, and federal debt & Credit Rating would become a problem.
It would be a fight for sure.
If its a fight, Texas most definitely will NOT be going it alone.
Not even close.
We're about 6 cycles into the chess match being played right now between the Feds and the state of Texas. The world knows the US is on borrowed time as a superpower, and that it relying on its military and world reserve currency. The second pillar is crumbling, and the first is really being taxed. If the Feds respond to Texas with escalating tyranny, then Texas will escalate back. The US is going to come up with the gold for Texas. As they run short, they will disallow other states to make similar lawful requests. No, the Feds are going to play ball with Texas on the gold. And they will continue to fuck Texas with the wetback shipments.
Now to win this fight. Someone needs to figure out how the price of Gold rises to its correct value $50,000USD
Well you mean in USD or a new currency.
In USD you take the money supply and divide by the total of gold reserve oz. M1, M2, MZM Money Stock. I did it not so long ago. Seems to work.
But if Texas is a sovereign country it has to have a separate money supply.
I respectfully disagree...
A sovereign or non-sovereign can use anyone's currency they choose. Or better yet, let freedom reign, and allow the People to make the choices of whatever currency, money they choose to contract in.
Really, at the end of the road, the Market will decide which currency... Consider Zimbabwe. They use u.s currency. Argentinians use the u.s dollar under cover even though the government has harsh laws making it illegal. Most nations are multii-currency. The u.s is but does not advertise it. This way if a currency fails one can jump to another more stable currency.
I agree. I was trying to fill in the scenario a little.
What is the point of Texas seceding if not to go into a new currency other than the dollar. As you say they still might use dollars for trade with the USA.
But if the Debt, poor stewardship of the USD, and Exponential Budget Spending of the Federal Government is the main problems... surely Texas would demand a new currency or to use someone else's currency to mitigate risk brought on by the USG.
I don't know that much about it. But that one point seems logical.
"includes a section to prevent forced seizure from the Federal Government."
Won't work when the rubber meets the road,,, The rogue u.s gov will declare supremacy and the clown Supremo Impersonators in black robes will approve.
Kudos to ZH on something from Mr. Vieira. The man should be on the Supreme Court with eight clones. He has forgotten more of the retired constitution than the combined Supremos will ever know. A true patriot and a PhD holder too. Usually the Phd is a negative but in his case it doesn't get in his way. You want to learn REAL constitution stuff,,, get his books and videos.If you like your own version,,, don't bother.
Constitution.org used to have most of his stuff but appears now to be for the more political correct among us. Used to be on Alex Jones sites but he apparently disagreed with Alex too much. InfoWars like many Amerikans treat the constitution like a salad bar,,, I'll take this but don't want that. Sorry,,, rattling on....
You have a good point. If the Gold is needed to keep superpower status, keep the worlds best weapons, keep the worlds most expensive military, or for war, the Federal .gov will keep it or take it after you pay for it.
Because a strong Central Government, Rabid Foreign Policy, and Superpower status are what is wanted by the powers that be.
All the world's a stage...and Texas is amateur night
Not true in 1850, not true today. You want amateur hour? Watch the African in the White House handle foreign policy.
So, they are starting constrution soon, eh? I'm afraid it's too late.
Bet they have an empty bank vault or two in a closed rural bank they can use. Away from Austin would be best.
texas makes a convenient place to make a stand. i hope they accept refugees when the time comes.
One can only hope! A US without Texass would be an exponetially better place to live. And maybe they'd take Oklahoma, Mississippi and Alabama with them!
In exactly what utterly useless government position does your talentless northern ass take up space?
I grew up in the 70's when America still had freedoms and it's missed very much when you have Child Protection Services who will yank someone's kid away for being unsupervised in their own backyard for over an hour, but I bet you'll have no arguments with that if it happens to you, probably because you're too young and not willing to put a child in this Casino Gulag to begin with, so "it's THEIR problem, uhuhuh!!" Will Rogers said "When you find yourself in a hole, stop digging." And this fellow ZH'er is shouting to whomever will listen that the damned hole is already dug way too deep, hoss! This bubble will burst and it won't end at all pretty. By the way, if Oklahoma happens to merge with Texas, then bonus points given as we have some idiotic politicians and laws which deserve the Toilet Bowl of history. Admittedly, Texas has a few idiots as well, but their issues are more workable in the long run and they finally have a Governor who "gets it!"
With that said, perhaps your h8ting is a matter you can't handle the SEC and the fact that Texas A&M, 'Bama, Auburn, even Mississippi State are either emerging or already among the best football powerhouses. Oregon does well with the $$ they have, but they still don't have as much as Arkansas' Wal-Mart. The Razorbacks are building something really awesome and shall again experience their '64 Glory. Just Sayin'.
Because you don't seem to have a functioning cranium to make your own coherent conclusions from the brainwashing, I won't shed a tear when you and your loved ones get forced out of your home like whimpering puppies with nary any resistance, then turned over to some distant FEMA camp like trash. Before then, I bet you'll just walk down the street to the ATM and discover "Meh! It's broke, so I have to drive to another!" and with each and every ATM Epic Breakdown you encounter, you will become enranged with the rest of your fellow Sheeple that the system has finally fallen apart. I realize too that you may never realize your folly, willing to carry worn ball cap in hand to those who prepared, having to admit when all has failed (BTW, I wear my own kind of Texan hat, and it ain't tinfoil) but at least I never have to feel guilty for not having tried to bitch-slap some sense in ya'. Too many young people today are more stupid than the broncos I rodeoed on decades ago, and I blame the public schools for much of it.
I don't know about you, but I'll just keep stackin' the Phyzz and appreciate the Gifts the Globalists continue giving. Bottom line? Texas will emerge from this bank$ter mess as the true SURVIVOR it's been. I'm enjoying toasting this Lone Star beer high in the air in your general direction.
I'll give it to you Texans.
You had the forethought to keep your power grid separate from the rest of the US.
Long Texas real estate?
Too far away for me. I'm a Pennsylvanian.
You can say this now, but when it actually looks probable, you'll be urging your neighbor to risk his life to keep those damn southerners in line.
Really? What line are you and your boys gonna' keep us "southerners" in? Get out of your mother's basement and go to work somewhere besides the gov. What do you actually produce hobo? You're just another suckling pig hanging off the tit of hard working people.
That statement sounds exponentially gayer, with the word exponential.
I love Texas
is the gold actually repatrioted or is the NYFed simply going to write them a check for 1B. since the Fed runs a complex check kiting scheme, i would say the later, and if Texas says wheres the gold, we want real gold, the Fed will print a billion, buy the gold and have it delivered (amazon prime) to the texas vault. at the end of the day if every state did this it might have some effect, but in this case, it just gives Yellen a case of the giggles.
They already took possession of it, according to the article I just read.
In a New York vault.
So it could disappear in a New York minute.
22 seconds.
I've got a Bitcoin that says Texas never sees it's yellow shiny in the flesh.
~ DC
I will take this bet too. You are on.
Ok, we need a reasonable time frame and may need to lock the bet into today’s Bitcoin exchange value.
Bear in mind lawyers can tie crap up forever.
Who knows where crypto or physcial values will be a day after some funky black swan sighting or the Lone Star Rebellion® shot heard ‘round the internet event.
~ DC
I would wager that texas never gets its gold into Texas vaults. Who wants to bet me an ounce of Physical gold?
I will take that bet. You are on.
Don't these geniuses inTexas see what happens when an oil based nation doesn't want to keep taking Yellen green ultra plush for their Texas Tea
1. Saddam - swinging from the end of a rope
2. Khadaffy - anally raped wth a bayonet
3. putin - Dead man walking
Besides, whatever they get back is gold plated tungsten
But I wish them all the best. I would love to see the Progtards defend Superfly when Peace Prize loses the second biggest state.
Maybe they can just add Israel so they don't have to re-design Old Glory
Cement his legacy as Worst. president.Ever.
Sure be nice if people stopped referring to gold in terms of dollars. It is a lot more accurate to consider gold and silver in terms of purity and weight. Remember, a billion dollars worth of anything ain't what it used to be.
I predict that Texas never gets an ounce of Gold in its vaults. Never. It wont happen. They will regulate and legislate this so it never happens. Its a rigged world.
Clearly closer to Critical Mass. Time for more false flags, Jade Helm & HAARP ELF weather attacks against Texas.
"Non-confiscatable" is relative.
Texas will probably be the first country... state to break free from those liberal Beltway parasites, don't you agree? Muricano globalist abomination is coming to an end... slowly, but irrevocably. Great times ahead. That liberal abomination called Murica must die!
Texas, Our Texas! all hail the mighty State!
Texas, Our Texas! so wonderful so great!
Boldest and grandest, withstanding ev'ry test
O Empire wide and glorious, you stand supremely blest.
(chorus)
Texas, O Texas! your freeborn single star,
Sends out its radiance to nations near and far,
Emblem of Freedom! it set our hearts aglow,
With thoughts of San Jacinto and glorious Alamo.
(chorus)
Texas, dear Texas! from tyrant grip now free,
Shines forth in splendor, your star of destiny!
Mother of heroes, we come your children true,
Proclaiming our allegiance, our faith, our love for you.
Chorus
God bless you Texas! And keep you brave and strong,
That you may grow in power and worth, throughout the ages long.
God bless you Texas! And keep you brave and strong,
That you may grow in power and worth, throughout the ages long.
A good example of the bragadoccio that I'm talking about. Never mind that you stole it from the Mexicans.
157 thousand reads. Now that is impressive! There are some folks, like me, from other states, who will not be sad to see Texas seceed. We are tired of Texas bragadoccio.
People like you would be the first in line to get in after we leave.
"the Bill includes a section to prevent forced seizure from the Federal Government."
Look in the mirror, motherfuckers.
https://www.ij.org/asset-forfeiture-report-texas
They can put the depository in Tenaha.
Repatriation: Getting a fraction of your bullion back several years down the road.
It would be courteous for the government in Austin to send a litttle thank you note to Washington for all those weapons that they've sent to the local police forces, since they'll probably be needing them now.
Murica is going to be left with all that debt if Texas leaves. For Texas it is a fresh start free of liberal disease. Liberal Murica, on the other hand, is dying either way. It can only survive if there is enough of economic opportunities, and economic prosperity cannot be attained even with parasitic dollar system anymore -- which means liberal Murica is inevitably going to die. There will be so much celebration and rejoicing throughout the world when it happens: the world's parasite, whore Babylon finally dead and world free! Just imagine the joy and merriment when that happens! :)
Don't rejoice too quickly. "Murica" will be subsumed into a global financial system run by international bankers which will be far more oppressive than anything you have seen from "Murica".
Enjoy the ride to destruction and serfdom.
If the Fed now has the gold consider it already confiscated.
Did you hear about the Texan that went sight seeing at Niagara Falls?
He said "I know a plumber in Houston, who can fix that little leak in 5 minutes."
Your video is not helpful. The greatest shortage of money in our history would be the result of these two Bozo's opinions being adopted.
Franklin, who with Hamilton, invented the United States, realized early on that a paper currency was essential. However, he made qualifications. (1) something of value had to support the system, ie, currency could not be introduced into the system that did not create equal "standard" (gold/silver) value, be it a house, a farm improvement, a dock, road, bridge, etc. or anything else that is required for the food, clothing and health of the People (the source of new value creation). (2) That each $Dollar printed must come into the economy only from the government-any interest collected above cost of financial system operations must come back to the people (a Credit System, not a debt system).
Franklin believed that human labor was most stable of any asset and viewed a house, a farm improvement, a dock, road, bridge, etc. or anything else that is required for the food, clothing and health of the People to back paper currency as certainly as gold/silver.
The only Founder quoted was Jefferson. Jefferson was idiot concerning economics and didn't and wouldn't sign the Constitution. Both would do well to study the Russian and Chinese (BRICS) system and learn how to run a Constitutional system by using gold/silver and value backed lending to back their new international currency.
Zerohedge is at great pains to frighten those who have not been reading previous comments about the fact that the US' monetary gold reserves, held in the Global Debt Facility, are going to be minted into US currency to replace the unconstitutional Federal Reserve Notes. In the interim, the uncut US dollars printed by Ronald Reagan and held in the Global Debt Facility, are going to be exchanged for Federal Reserve Notes.
https://s3.amazonaws.com/khudes/UBS+UNCUT.pdfI have been informing all of the Governors and all of the Attorneys General about the Global Debt Facility, containing the world's monetary gold reserves administered by the Bretton Woods institutions. Zerohedge is ignoring the power transition model, https://s3.amazonaws.com/khudes/sentia+model.pdf that has been predicting the carving up of the Network of Global Corporate Control ever since I and Elaine Colville, another World Bank whistleblower, got our comments published on the UK Parliament website (see pages 168 and 176-7)
http://www.parliament.uk/documents/commons-committees/public-administration/Complaints-1-consolidated-13-sept.pdf
Indeed, it is Zerohedge that is refusing to see the writing that is on the wall. Why is that? https://s3.amazonaws.com/khudes/Twitter6.5.15.1.pdf
I thought only the Federal Reserve printed dollars. How do the Phillipines get to print US dollars.
How are they worth anything, now that the dollar is worthless?
Are you planning on using the Phillipine gold to back these dollars as a new currency?
Hahaha, silly goyim. Your Texas is all bark no bite. Is in our pocket. Our kosher press put out Sunday night ‘buy gold’ right on schedule. Get you stupid goyim buy all the way down. We take gold price down to 1130 this week. Wait and see what we do after that. Oy vey!
"Wait and see what we do after that"
Wha? I cant hear you cunt, take that dick out of your pie hole, you fucking gash douche
When will Texas issue their own currency?
Will Texas gov't authorize gold as a medium of currency? Arizona's gov't just shot that bill down.
OT This news would be of interest to gun owners. News the last few years would have people thinking gun sales are going through the roof, yet Colt has just filed for Chapter 11 bankruptcy and apparently .gov has not been ordering too many M4 and M16's.
Maybe there is a back door peace initiative going on and weapons will be relegated to humanity's past :)
NY Fed is the world's greatest heist & robbery of the wealth earned by poor nations.
Take it back while it lasts.
Hmmm. well if Kyle Bass decided to take $1b in delivery from the CRimex and then store it at the NY FED he is either an idiot , or more likely CIA. As soon as that gold was sent from Comex to the NY Fed , it would have been immediately been leased back to the COMEX for a piece of paper . So in summary what Bass did was steal $1b from the Texas retirement fund and turn it over to the FED all the while increasing the supply of paper gold…. nice move to keep the piece capped. Now Texas is gonna get it back in a new storage facility that they are yet to build……. yeah right.
The story says Texas pulled the gold from the Fed and is storing it in a private depository. Did you miss that or are you denying it?
Dr. Marc Faber predicted six months ago that this year would see the fallout of trust of central bankers. Seems like he has hit a bulls eye on this story.