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Texas Gold Repatriation Bill Has One Message To Feds: "Come And Take It"

Tyler Durden's picture




 

As the mainstream media begins to come to terms with just what Texas' decision to repatriate its gold from the Federal Government in its own Gold Depository, the details of Republican State Rep. Giovanni Capriglione's bill protecting gold from confiscation become clear...

 

In an interview with The Epoch Times, Caprigilione explains why he pushed the bill and its far-reaching implications...

Epoch Times: What did you do to make the bill pass?

Giovanni Capriglione: I grabbed the banner last session. I was a freshman and it was difficult. Part of the problem was that it has a lot of verbiage that had nothing to do with law. Things like the case of an economic meltdown.

This is a principle part of why the bill was created, but it made it a distraction trying to pass the bill. Because then you get into: Do you think the economy is going to collapse, blaming the president, blaming the banks. What I did in this version of it, I stripped all kinds of stuff out other than the bill itself.

Epoch Times: Why did you go for it?

Mr. Capriglione: I have a vision, I would like for Texas to compete with Manhattan or the exchanges in Chicago. Here in Texas we have oil, we have natural gas, we have our own electric grid. To me having a bunch of metal commodities in the mix is something else that helps Texas to be able to become a marketplace for a lot of different items. Part of the idea of the depository is just another Texas thing. I’m still a little stunned that it happened.

I wrapped all of it together and I love to do economic development. I just want Texas to really be able to grow economically.

Former Texas Gov. Rick Perry previously said, “We are telling the whole entire world that Texas has a billion dollars worth of gold.” Gov. Abbott too, wants to attract businesses to our state.

Epoch Times: What were some of the difficulties?

Mr. Capriglione: My initial goal was to create a state everything, to have that completely run by the state. The issue with that was that it became a budget item. They were not keen on developing a completely new piece of [transaction] software. If the state had done it from scratch it would have just been too large.

The state would have developed the infrastructure to do [gold] deposits. We wanted the state to build the depository. We wanted the state to provide the security. It’s just very expensive. One of the things in Texas, because we are so conservative, if you have a bill that costs money its chances go way down.

I worked to do this without a fiscal note or a budget expense. We were able to do that by privatizing a significant portion of the depository. So we don’t have to build one, someone can go and say: we want to run it. We don’t have to run our own electronic software, someone else smarter than the state within the business can and will—and probably already has—developed the software to run [this operation].

This time I got put on the investment and financial services committee where this bill went through. It made it a lot easier to get it through the system. I was pretty shocked it passed the house with 137 to 1.

Now our office is getting calls and people are offering their services. I got some very interesting high network individuals who are thinking about putting their gold in Texas now. The response has been really, really good.

Epoch Times: What do you say about the anti-seizure clause, do you think the federal government will interfere with the gold and silver stored in the depository?

Mr. Capriglione: I think that what we have done is completely constitutional, we’ve looked at precedents, I have looked at Article 1, Section 10 of the Constitution so I think we are in good standing.

If the federal government were to try and do something like that, the reality is: There is a motto in the office of almost every state legislator in Texas, and it’s a flag that we have [from the Texas Revolution], it’s below a cannon and what the motto says is, “Come and Take it.”

That would be my response. We are on good solid legal footing to be able to not only have this depository, but to be able to do the transactions that are stated in the bill.

It was written with the idea that the federal government is a construct of the states. As long as we are following the Constitution as this law does, we won’t have any issues. The federal government can sue all they want, and I hope they don’t, because I think they will lose.

We created this in the state to provide depositors the protection I just spoke of. That’s a critical part of why this was created. Can a private depository do this? A private depository cannot do what we were able to do because the Constitution is pretty clear in terms of the rights states have.

Epoch Times: What do you think about using gold and silver as money?

Mr. Capriglione: It’s something that’s allowed. Back in 2008 when you go and look at the crisis, it may have been rooted in subprime, but at its core what it is there is a lack of business confidence. People get scared and worried and that kind of cycle feeds on itself. [The idea is to] have something that is stable and that you can touch as opposed to being ephemeral like paper or bank money.

One of the issues in 2008 was that people would start withdrawing their deposits, which to some extent happened. And there just isn’t enough actual backing of that. What we have in this is something that people can rely on. The way we structured the bill is there are no forwards, future derivatives, lending contracts on the bullion that’s placed inside the depository. What you see is what you have. Nothing will be created, nor destroyed.

That stability helps confidence and it also provides a flight to sound money, this is going to be it.

Epoch Times: Is Texas going to have its own money?

Mr. Capriglione: Article 1 Section 10 [of the Constitution] states that this will be prohibited and we would never coin our own money. I think that’s unconstitutional.

I have bitcoins and I use it as an alternative as well. Every individual should have as many options as possible to be able to transact business. The more options individuals have the more liquidity there is, the more comfort there is, and the more stability. We don’t—and I have no intention to create our own currency, we don’t have to.

By creating this depository what we are able to do is people are able to make their transactions through our depository, completely in conformance with the Constitution.

Epoch Times: How would this work?

Mr. Capriglione: It’s done electronically, we won’t actually move a block [of gold in the depository] because we want to have the fractional equivalents to be able to move it over. But it’s essentially being moved over. Individuals, corporations, and government entities will do their transactions through the use of gold.

I’ve looked at [having our own currency] and we would be into a lot more trouble. This accomplishes what the point is. In this world, there is so much stuff that happens electronically and you are not really sure what’s in your account. With this you can take possession of what is in your account at any time, within five days it will be subject to delivery.

Epoch Times: What did the governor think of the bill?

The governor is great to work with, he only has had 12 bill signings, and the gold was one of them. He came in and I was waiting for him to do the press signing thing and he said, “We are about to make national news, aren’t we?” and I said: “Yes, we are.” I’m thankful that he did it.

Epoch Times: In fact, it was he who also set forth the motion to repatriate the gold of Texan institutions such as the $1 billion the University of Texas endowment fund owns and currently stores with HSBC in New York.

Mr. Capriglione: Technically we have all these different agencies, but the governor has a lot of sway in the matter.

*  *  *

Times are changing for sure.

 

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Wed, 06/17/2015 - 18:03 | 6207133 Bemused Observer
Bemused Observer's picture

Funny, with all the faith those in power claim to have in fiat, they still want that yellow shiny...

Wed, 06/17/2015 - 18:07 | 6207146 SuperVinci
SuperVinci's picture

Just remember, NO MORE CLINTONs and NO MORE BUSHs

Wed, 06/17/2015 - 18:19 | 6207186 MonetaryApostate
MonetaryApostate's picture

Everything happens by design, history repeats itself, and you should know damn well what's coming next...

(Bank Bail-Ins)  >>> Read Some History...   https://en.wikipedia.org/wiki/List_of_banking_crises

 

Once they ban cash, be warned, what follows next is going to be nothing pretty...

>>>  https://youtu.be/-DT7bX-B1Mg

Wed, 06/17/2015 - 18:34 | 6207222 TeamDepends
TeamDepends's picture

What's that? You've been bartering on the black market? Say hello to Mr. Guillotine!

Wed, 06/17/2015 - 18:46 | 6207254 remain calm
remain calm's picture

They will never get the gold into Texas, the Fed government will legislate and regulate them from ever moving it into Texas. If they were smart they should ask for it RIGHT NOW and put it a Large private Texas bank to hinder the Fed from obstructing and creating all kinds of walls up.

Wed, 06/17/2015 - 18:55 | 6207285 Boris Alatovkrap
Boris Alatovkrap's picture

Russia was also same problem get copper wire into Sochi, but eventually it is happen.

Wed, 06/17/2015 - 19:02 | 6207311 Waylon Bits
Waylon Bits's picture

COME AND HACK IT

https://btc-e.com

Wed, 06/17/2015 - 19:07 | 6207323 Amish FinEng
Amish FinEng's picture

My neighbor Jeb has vast Bitcoin holdings. He says that it's his 'other' farm. He harvests more than once a year.

I say, plow that field Jeb, plow it!

Wed, 06/17/2015 - 18:26 | 6207201 joseJimenez
joseJimenez's picture

Amen, Let's make it more general, no more scumbags.

Wed, 06/17/2015 - 18:28 | 6207161 ZH Snob
ZH Snob's picture

I'm afraid our economy will crash before Texas ever gets an ounce of its gold back.  Then, they will have to wait in line with everyone else the fed and the govt has cheated with its hypothocated and rehypothocated paper games.  The legal mess will drag on for years, and the finger-pointing will be circular and endless.

then, when all is said and done the injured parties will be left with the dilemma of trying to get blood from a rock.

Wed, 06/17/2015 - 19:39 | 6207395 N2OJoe
N2OJoe's picture

Or gold from a China.

Wed, 06/17/2015 - 22:34 | 6207883 DuneCreature
DuneCreature's picture

Confucius say – “Want stolen gold repatriated? .. You steal back slowly one coin at time while pirate distracted with stupid Iphone trinket.”

“Texas make big hullabaloo and too much noise. No patience. Now pirate know what you are up to and call lawyer and police. …You no get gold back now. ..Sooooo sorry.”

~ DC

Wed, 06/17/2015 - 18:12 | 6207163 sleigher
Wed, 06/17/2015 - 21:26 | 6207692 RichardParker
RichardParker's picture

Paul calls Bernanke what he really is, a price fixer;

https://www.youtube.com/watch?v=8pEiLHnjAiw

 

 

Wed, 06/17/2015 - 19:15 | 6207347 Fun Facts
Fun Facts's picture

Texas is plotting a route to secession.

Wed, 06/17/2015 - 19:37 | 6207388 saveUSsavers
saveUSsavers's picture

You READ it? They are NOT TAKING PHYSICAL GOLD, electronic transfer and they "CAN CLAIM IN 5 DAYS" TOTAL BS !

Wed, 06/17/2015 - 19:55 | 6207426 wareco
wareco's picture

You better read it again.  You sir are in error.  They are repatriating their gold into the depository.  The are electronically transerring the gold within the depository to satisfy transactions between depositors, in lieu of physically transferring the gold within the depository.  Why do you think the State of Texas will be providing the security, and the inclusion of an anti-confiscation provision if there is no gold stored there?

Wed, 06/17/2015 - 19:58 | 6207441 azusgm
azusgm's picture

Bingo, wareco.

You are a speedier typist than I am.

Wed, 06/17/2015 - 21:29 | 6207704 A Nanny Moose
A Nanny Moose's picture

Last time we spoke of a Texas Depository someone got hiself perished.

Wed, 06/17/2015 - 19:56 | 6207433 azusgm
azusgm's picture

Yes, the Great State of Texas is taking physical possession.

The part about electronic transfer and 5 days is for conducting transactions among the depositors or making physical delivery for those who wish to make withdrawals.

Wed, 06/17/2015 - 20:55 | 6207601 DosZap
DosZap's picture

And the neat part is they are going to allow residents, and others to deposit their physical here also.

Wed, 06/17/2015 - 18:07 | 6207138 FreeShitter
FreeShitter's picture

Jade Helm might just do that Mr. perry, but fuck the feds. Its about time someone took a stand.

Wed, 06/17/2015 - 18:20 | 6207188 MonetaryApostate
MonetaryApostate's picture

Judgment is coming, SOON!

Wed, 06/17/2015 - 18:05 | 6207139 Magnum
Magnum's picture

We'll find out if Texans are anything like Germans.  After all, it could take years...

Wed, 06/17/2015 - 21:24 | 6207688 EINSILVERGUY
EINSILVERGUY's picture

Ya Vol

Gig'em

Wed, 06/17/2015 - 18:05 | 6207140 Latitude25
Latitude25's picture

Uh it's still in NY.  Taking it now should not be a problem.

Wed, 06/17/2015 - 18:27 | 6207203 Bay of Pigs
Bay of Pigs's picture

"such as the $1 billion the University of Texas endowment fund owns and currently stores with HSBC in New York."

And therein lies the rub...

Wed, 06/17/2015 - 22:10 | 6207833 Dave Thomas
Dave Thomas's picture

LOL HSBC, just like the bank of Hormel!

Wed, 06/17/2015 - 18:44 | 6207247 semperfi
semperfi's picture

its probably in china

Thu, 06/18/2015 - 07:00 | 6208544 JohninMK
JohninMK's picture

Yup, still in HSBC vaults, but nice and safe in Honk Kong.

Wed, 06/17/2015 - 18:05 | 6207141 knukles
knukles's picture

Q to US troops: Would you fire upon unarmed civilians?
Q to Texas Nat Guard:  Would you obey the Governor or the Feds?

Wed, 06/17/2015 - 18:52 | 6207272 NoDebt
NoDebt's picture

The National Guard can be activated under either a State Charter (Governor of the state is Commander in Chief) or a Federal Charter (President is the Commander in Chief).  I don't believe it can be both simultaneously- one or the other.

So the question might just be:  Would the National Guard, activated and commanded by a state governor, fire upon US Army/Navy/Air Force/Marine troops if so ordered in defense of the state?  Yikes.  Let's hope we don't ever have to find out the answer to that question. 

 

Wed, 06/17/2015 - 18:59 | 6207299 XqWretch
XqWretch's picture

Just look at Kent State... question answered. The goons will always fire as long upon their fellow citizens as long as they are getting their paychecks/benefits/pensions. Look at all these fucking gestapo thug cops we have today.

Wed, 06/17/2015 - 20:36 | 6207547 willwork4food
willwork4food's picture

You may be right, but we live in a much different time. Kent State wasn't that far removed from the WW2 & Korean era, and long hairs were looked upon as misfits/drug users and free love nuts. That said, they still shot and killed unarmed American STUDENTS.

Wed, 06/17/2015 - 21:36 | 6207730 centerline
centerline's picture

Wrong.  It only lasts for little while.  Stomach runs out.  The folks pulling the trigger (MIC) know the difference.  It is the cops that dont.  But, they are outgunned in every way and they also live in our neighborhoods and want to come home at night.

Why do you thin the French back in the days of such atrocities had to import thieves and killers?  And it still did not work out.  The assholes here can open the floodgates to as much gang scum as they like but it is still the same.  Not enough to overcome the masses who know better.  Failed history, again and again.  Why?  Because the playbook never changes. 

Wed, 06/17/2015 - 18:05 | 6207142 Citxmech
Citxmech's picture

So is Texas just going to send some trucks, back them in, and say "fill 'em up!"?

Wed, 06/17/2015 - 18:14 | 6207171 sleigher
sleigher's picture

Just don't drive back via North Carolina?

Wed, 06/17/2015 - 19:47 | 6207410 Amish FinEng
Amish FinEng's picture

You may want to be careful if there is a slow moving buggy with a diamond shaped reflector in front of you.

I'm not saying it's a trap but you're in a sovereign country now.

Wed, 06/17/2015 - 21:59 | 6207798 cynicalskeptic
cynicalskeptic's picture

I suspect local 'authorities' are a far bigger threat.... 

I wonder how many other states would be looking to stop any trucks carrying Texas bound gold under civil forfeiture laws?

Wed, 06/17/2015 - 23:39 | 6208012 Trucker Glock
Trucker Glock's picture

"Just don't drive back via North Carolina?"

Or Tenaha, TX.  The irony.

Thu, 06/18/2015 - 07:54 | 6208665 Beowulf55
Beowulf55's picture

yeah, the cops will say they smell pot and confiscate it.

Thu, 06/18/2015 - 10:58 | 6209455 Buster Cherry
Buster Cherry's picture

I agree that Tenaha is a cancerous mole.

Wed, 06/17/2015 - 19:43 | 6207403 The Old Man
The Old Man's picture

Internet! 

Wed, 06/17/2015 - 19:43 | 6207405 The Old Man
The Old Man's picture

I did some math the other day when I heard about this BIG amount of gold Texas wants back.

At current prices one billion $ in gold is just over 26 tons. One ton would equal a cube just under 15". So you've got 26 cubes ~. 

Course now if it's all in coinage, it'd take up a tad more space. In standard bars however, be about 5 pallets.

The Fed could Air Freight it by Fed Ex on one plane. (That'll be the day!)

Personally I think this is just a line in the sand Texas is drawing for publicity and politico.

A billion in gold for Texas is a drop in the proverbial bucket.

Wed, 06/17/2015 - 23:46 | 6208030 Trucker Glock
Trucker Glock's picture

"A billion in gold for Texas is a drop in the proverbial bucket."

Yes it is. Less than 0.3% of their debt.  Wealth preservation. :)

Wed, 06/17/2015 - 18:07 | 6207143 cowdiddly
cowdiddly's picture

They gotta get it back from the Fed first before they start gettin all Texican braggadocio lippy.

Get in back of the line.

Wed, 06/17/2015 - 18:06 | 6207144 Evil Bugeyes
Evil Bugeyes's picture
"Come And Take It" is not a message I would advise sending to the Feds. It sounds kind of like an invitation.
Wed, 06/17/2015 - 23:23 | 6207975 SgtShaftoe
SgtShaftoe's picture

It might be an invitation, some of them like it pretty rough. ;-)

Wed, 06/17/2015 - 18:09 | 6207150 Tucson Tom
Tucson Tom's picture

" Come and take it" rings a bell, Eh?       Molon labe -----not just for guns anymore!

Wed, 06/17/2015 - 18:11 | 6207159 Chupacabra-322
Chupacabra-322's picture

Come & take it? There's nothing to take.

Wed, 06/17/2015 - 18:13 | 6207166 FreeShitter
FreeShitter's picture

Just come and take all the fat women away...please

Signed all of Texas.

Wed, 06/17/2015 - 20:16 | 6207489 gladius17
gladius17's picture

Don't worry...after a few weeks/months/years of SHTF, they won't be fat anymore. Go ahead and get your right-sized women lined up now, before you're forced to pick from among the ranks of desperate former (and starving) fatties.

Wed, 06/17/2015 - 23:27 | 6207988 SgtShaftoe
SgtShaftoe's picture

Yes, there are some fat women, and some very pretty ones, but there's a shitload of fat lard-ass men. How's that gonna work to defend the state of texas? Tacticool lard-assed Alex Jones clones humping a few hundred rounds of ammo plus 1100 cheeseburgers on bandoleers. LOL

Wed, 06/17/2015 - 18:14 | 6207169 stant
stant's picture

Poor kentucky first they came for the gold and I said nothing. Then they took the tanks and I said nothing. Then they came for____

Wed, 06/17/2015 - 18:15 | 6207172 WTFUD
WTFUD's picture

Texans are Terrorists. The moderate friendly kind though, who don't need the Government to Arm them.

Wed, 06/17/2015 - 18:30 | 6207211 Stoploss
Stoploss's picture

In Texas, there are two guns behind every single blade of grass...

They gonna need us to arm them. (While they're trying to take whatever it was, before it turned to shit on 'em)

Wed, 06/17/2015 - 18:47 | 6207258 Robot Traders Mom
Robot Traders Mom's picture

Texas is the equivalent of a big dog that barks and then runs away at the sight of a cat. 

 

It is in the top-15 of states in both property and sales tax. It has given the world neocons like George Bush and Rick Perry. It is not a small government haven, it is a bastion of ignorance and government. 

 

Again, Texas talks a lot of shit but is just like a bigger version of Oklahoma. 

Wed, 06/17/2015 - 20:06 | 6207461 BarkingCat
BarkingCat's picture

Texas is where cops pull over women drivers and cavity search them on the side of the road.
The state talks a great game but in reality is just a different flavor of statism and cronyism.
More spicy.

Wed, 06/17/2015 - 22:47 | 6207904 homiegot
homiegot's picture

You for sure will be orfice searched on entry to Texas.

Wed, 06/17/2015 - 21:40 | 6207743 Fedaykinx
Fedaykinx's picture

it's also one of the half dozen or so states without an income tax.

Wed, 06/17/2015 - 22:46 | 6207899 homiegot
homiegot's picture

Well, we are a hell of lot bigger than Oklahoma. You must be from the Northeast or the West Coast.

Wed, 06/17/2015 - 23:59 | 6208063 TheMeatTrapper
TheMeatTrapper's picture

"Again, Texas talks a lot of shit but is just like a bigger version of Oklahoma. "

Spoken by a man from the great state of ...????

 

lol. Get a life you jealous pussy.

Wed, 06/17/2015 - 21:30 | 6207709 homiegot
homiegot's picture

When the civil war starts, you'll come to Texas. Don't be a panzy.

Wed, 06/17/2015 - 23:01 | 6207934 SgtShaftoe
SgtShaftoe's picture

Let me think... um NO. There's no terrain in Texas. It's an Armored CAV and aircraft playground. Me, I'll be in the mountains under tree canopy.

Thermals can't see through canopy, and the fast bangy things can't go through terrain. Besides, the texas state police would probably try to steal my money and ammo. I'm starting to think this gold repository is just an excuse for the cops to steal people's money. :-)

Wed, 06/17/2015 - 23:20 | 6207968 Fedaykinx
Fedaykinx's picture

two words.  big thicket.

and in a broader sense, the piney woods of the ark-la-tex area are going to be a dangerous place to be an outsider.

molon labia.

Wed, 06/17/2015 - 23:29 | 6207994 SgtShaftoe
SgtShaftoe's picture

I like that. Well played my friend.

Thu, 06/18/2015 - 00:01 | 6208067 TheMeatTrapper
TheMeatTrapper's picture

@SgtShaftoe:

What State do you live in, how much gold do they own and where is it stored? 

Step up to the plate and answer the question tough guy!

Thu, 06/18/2015 - 00:07 | 6208083 SgtShaftoe
SgtShaftoe's picture

Ah, but that would be telling, and a distraction. This article is about the lone star state, the GREATEST STATE of TEXAS!!!!

I used to have some gold, but lost it in an unfortunate yodeling accident in the mountains. I never did find it again... very sad and unfortunate.

Wed, 06/17/2015 - 18:15 | 6207173 post turtle saver
post turtle saver's picture

see folks? you don't need to secede or any of that other reactionary fruit loop nonsense... this was well thought out and, as a Texas voter, I agree with the overall plan...

here's another thing to keep in mind... a picture's worth a thousand words...

http://www.fhwa.dot.gov/publications/publicroads/05jul/images/pal4.gif

that's the volume of freight & associated trade that ships through Texas... we're basically the living, beating heart of the US and probably will be for some time... moves like this will just amplify the effect...

cannot say it enough, this is really good for Texas and I truly hope other states take note...

Wed, 06/17/2015 - 18:55 | 6207287 Falling Down
Falling Down's picture

Just wait until the new Panama Canal opens. Goodbye West Coast Ports.

Wed, 06/17/2015 - 19:23 | 6207363 AGuy
AGuy's picture

"Just wait until the new Panama Canal opens. Goodbye West Coast Ports."

East coast has all the same problems at the west coast, except for one additional (spared on the West Coast): very crappy winters. The EU. They are just as broke.

Correction: The East coast does have water, Will CA turn into a dust bowl now that the farmers are gettting cut off. All that dry soil is going to end up in the air when the fall winds return to CA.

 

 

Wed, 06/17/2015 - 20:06 | 6207458 azusgm
azusgm's picture

Adios, West Coast Longshoremen.

Wed, 06/17/2015 - 20:43 | 6207562 p00k1e
p00k1e's picture

AMF CalPERS! 

Thu, 06/18/2015 - 00:41 | 6208170 Buster Cherry
Buster Cherry's picture

Port of Houston is being improved just for that reason.

Wed, 06/17/2015 - 22:12 | 6207842 Dave Thomas
Dave Thomas's picture

Kinda looks like cancer.

Thu, 06/18/2015 - 00:39 | 6208168 Buster Cherry
Buster Cherry's picture

I logged back in to upvote you.

 

Well stated!

Wed, 06/17/2015 - 18:21 | 6207176 Lumberjack
Lumberjack's picture
THE KING’S BROAD ARROW AND EASTERN WHITE PINE

http://www.nelma.org/lagniappe/kings-broad-arrow-and-ewp/

 

The tax on tea was not the only issue that raised anger among American colonists in the 1700’s. Eastern White Pine played an equally key role in events that led to the Revolutionary War and American Independence from EnglanThe majestic Eastern White Pine is the tallest of the pine species in North America, basically the Sequoia of the Northeast. Trees 150 to 240 feet tall and trunks free of branches to heights of 80 feet or more were plentiful when the “New World” was being colonized by the England and other Europeans. The tallest known height recorded was a 250? Eastern White Pine tree noted in a 1760 publication by William Douglass.

Acting as dominion over the forests of “New England”, the King assumed ownership of the best of the Eastern White Pine trees and appointed a legion of Surveyors of Pines and Timber to survey the forestland “within 10 miles of any navigable waterway” and mark all suitable trees with “The King’s Broad Arrow”, a series of three hatchet slashes.  This was the symbol commonly used to signify ownership of property or goods by the Crown, in this case to be owned and used solely by the Royal Navy. Any tree of a diameter of twenty-four inches and greater at twelve inches from the ground, with “a yard of height for each inch of diameter at the butt” was blazed with the broad arrow. Violation by the colonists of this rule would be assessed a fine of £100. Persons appointed to the position of Surveyor-General of His Majesty’s Woods were responsible for selecting, marking and recording trees as well as policing and enforcing the unlicensed cutting of protected trees.

Use of the broad arrow mark commenced in earnest in 1691 when the revised Massachusetts Bay Charter included in its last paragraph a “Mast Preservation Clause” stating (original language):

“And lastly for the better provideing and furnishing of Masts for Our Royall Navy Wee doe hereby reserve to Vs Our Heires and Successors all Trees of the Diameter of Twenty Four Inches and upwards of Twelve Inches from the ground growing vpon any soyle or Tract of Land within Our said Province or Territory not heretofore granted to any private persons And Wee doe restrains and forbid all persons whatsoever from felling cutting or destroying any such Trees without the Royall Lycence of Vs Our Heires and Successors first had and obteyned vpon penalty of Forfeiting One Hundred Pounds sterling vnto Ous Our Heires and Successors for every such Tree soe felled cult or destroyed without such Lycence had and obteyned in that behalfe any thing in.”

 

The colonists paid little attention to this edict and tree harvesting increased with disregard for broad arrow protected trees. However, as Baltic imports decreased, the British timber trade increasingly depended on North American trees, and enforcement of the Broad Arrow policies increased. Subsequent British Parliament Acts of 1711, 1722 and 1772 extended protection, finally to 12 inch diameter trees.

The growing enforcement and stricter criteria of the decree angered the colonists who made their livelihood from the Eastern White Pine wood products they produced and sold. The early American pioneers had this timber on their properties, within their grasp, yet they were not to touch it.

The growing resentment led to “Swamp Law” whereby many of the “King’s” pines were cut illegally, the “Kings Broad Arrow” mark obliterated and the wood was put to use. Others cut down and used all the trees marked with the king’s broad arrow and then placed the broad arrow on smaller trees. Many of the marked “Mast” trees were partially burned in mysterious fires or splintered in unusual gales.

This rebellion led to numerous skirmishes throughout New England between local settlers and British authorities, with these clashes appropriately given names such as “The White Pine War” and “The Pine Tree Riot”.

The Revolutionary War was about many things, and Eastern White Pine weighed heavy on the minds and hearts of the colonists desire for independence. Some historians believe that denial of use of these trees was at least as instrumental as taxation of tea in bringing about the American Revolution and the first acts of rebellion against British rule.  In fact, the Eastern White Pine was the emblem emblazoned on the first colonial flag, including one bearing a white pine purportedly flown at the Battle of Bunker Hill.

 

Note"

 

The term "windfall" came from the period as any pine that was felled by the wind was legally harvested by the colonists,

 

Wed, 06/17/2015 - 18:34 | 6207221 Big Corked Boots
Big Corked Boots's picture

Good post! The royal confiscation of trees was an important, and generally forgotten, detail in colonial history.

Wed, 06/17/2015 - 18:58 | 6207250 Lumberjack
Lumberjack's picture

There are a few lakes in Maine that have sunken logs with the kings mark still on them, although a bit degraded.

EDIT:

That said, here is another little lesser known issue regarding boundaries from that era:

http://www.britannica.com/event/Aroostook-War

 

 

Wed, 06/17/2015 - 18:17 | 6207180 Dragon HAwk
Dragon HAwk's picture

Could get real Interesting..

  may you live in Interesting Times.....

Wed, 06/17/2015 - 18:17 | 6207181 Ignorance is bliss
Ignorance is bliss's picture

"Come and take it" LOL.... you have to get delivery first.

Wed, 06/17/2015 - 18:19 | 6207182 F0ster
F0ster's picture

These guys know the fiat ponzi scheme dead. The architects of said ponzi scheme should hang from the gallows too.

Wed, 06/17/2015 - 18:19 | 6207187 Ignorance is bliss
Ignorance is bliss's picture

"Come and take it" LOL.... you have to get delivery first. Its a little too early to be spitten yur tabaki in de otter guys eye.

Wed, 06/17/2015 - 20:25 | 6207512 gladius17
gladius17's picture

You know what else is also usable as money, stored in a great big warehouse with guards, divided and apportioned electronically...?

Weed. Dried and cured cannabis flowers, hashish, and butane hash oil--produced to a certain quality standard, vacuum sealed, and put on the shelf...with floating valuation based on free market principles.

Gold has to be mined from the ground; a hundred billion dollars' worth of weed can be grown in one year in any Eastern state or Texas, easily, were it made a state-level effort.

There is always ways for an individual, group, or society to succeed and exchange value in peace and dignity; our fates are not dependent on the Feds' charity.

Wed, 06/17/2015 - 22:23 | 6207864 azusgm
azusgm's picture

Somewhere in this plan is a speed bump called supply and demand.

Thu, 06/18/2015 - 00:03 | 6208074 gladius17
gladius17's picture

What kind of speed bump is that, exactly? Demand for cannabis FAR outstrips the supply.

Thu, 06/18/2015 - 11:04 | 6209489 azusgm
azusgm's picture

"...a hundred billion dollars' worth of weed can be grown in one year in any Eastern state or Texas, easily, were it made a state-level effort."

Part of your assertion is that it is easy to increase the supply. 

 

Fri, 06/19/2015 - 05:40 | 6213097 gladius17
gladius17's picture

1 - Stock a massive warehouse full of weed

2 - Issue currency

3 - Price per unit starts at a low level and then floats on an open market, with the biggest fluctuations (slowly, over many months, rather than moment to moment) basically being due to how good the weather was that year. Price of this currency will be highest in summer, and lowest in fall/early winter, particularly in the first years as things stabilize.

4 - Fluctuations are smoothed out by operators who focus on making their production systems work reliably year-round, stabilizing the supply, and rightfully gaining for themselves a larger share of the profit when the currency price increases due to low supply.

5 - The demand for cannabis today is only a shadow of what it WILL be when it's finally legalized. There are MANY useful products which can be made from this plant, not just flowers to smoke.

Gold and silver are not the only viable currencies in the world!

Wed, 06/17/2015 - 18:21 | 6207189 Chupacabra-322
Chupacabra-322's picture

Point is, there's nothing to take. The vaults are empty. However, there's plenty of Tungstan

Wed, 06/17/2015 - 18:29 | 6207209 e_goldstein
e_goldstein's picture

Awesome. Now we can create that light bulb depository I've always dreamed about.

Wed, 06/17/2015 - 18:21 | 6207193 LongSilverJohn
LongSilverJohn's picture

Texas should simply license GoldMoney's system. It's a pay-pal-like electronic transaction system on top of gold depositories.

The system's been developed already. Why make this more difficult than it needs to be?

You transfer ownership of the gold you own, so there's no "coining" of anything. It's just gold....

Thu, 06/18/2015 - 05:06 | 6208431 RaceToTheBottom
RaceToTheBottom's picture

It is about trust.  Previous systems did not have repothicated gold and it was still stolen.

Ask Corzine whether having a serial number in a spreadsheet stopped him from stealing physical gold from customers?

 

Wed, 06/17/2015 - 18:22 | 6207195 buzzsaw99
buzzsaw99's picture

i hope they have better luck than the germans

Wed, 06/17/2015 - 18:26 | 6207199 Duc888
Duc888's picture

 

 

 

.......from a State that gets over 30% of their "income " from FEDGOV?  LOL

 

Right.

Wed, 06/17/2015 - 18:57 | 6207295 Clowns on Acid
Clowns on Acid's picture

The vast majority of which is Militray ... you stoopid fuck. Phlegm your Huff Post bulsshit elsewhere.

and...STFU.

Wed, 06/17/2015 - 20:51 | 6207560 DosZap
DosZap's picture

We are One,if not only state that gives the Feds more than they give us.

Latest data dude.Also Texas has the 15th largest economy in the world.

Our GDP, is equal to Austraila's.With 3 million more folks on less land.

 

Wed, 06/17/2015 - 21:12 | 6207647 Duc888
Duc888's picture

 

Doszap: We are One,if not only state that gives the Feds more than they give us.

 

Link?

Wed, 06/17/2015 - 23:03 | 6207939 post turtle saver
post turtle saver's picture

look it up yourself, dumbass... it's common knowledge...

Wed, 06/17/2015 - 18:26 | 6207202 zstard
zstard's picture

WaHoo! I love this story so far. 3 cheers for Texas and prayers for them.

Wed, 06/17/2015 - 18:28 | 6207205 Seasmoke
Seasmoke's picture

They already took it. And they didn't even have to come to Texas. You handed it to the Tribe.

Wed, 06/17/2015 - 18:32 | 6207215 cowdogg
cowdogg's picture

Too late. The Fed already confiscated Texas' gold.

Wed, 06/17/2015 - 18:46 | 6207255 kowalli
kowalli's picture

and ww3 for gold started.

Wed, 06/17/2015 - 18:46 | 6207256 kowalli
kowalli's picture

You have gold only if you can touch it

Wed, 06/17/2015 - 18:51 | 6207268 pupdog1
pupdog1's picture

No problemo.

The Kenyan will simply declare it to be his gold.

Wed, 06/17/2015 - 22:00 | 6207802 RichardParker
RichardParker's picture

Render unto Obama the things that are Obama's, and unto God the things that are God's...

(sarc)

Wed, 06/17/2015 - 18:51 | 6207269 Dre4dwolf
Dre4dwolf's picture

The Fed will give Texas its gold.... after a 25 year long approval process.

Wed, 06/17/2015 - 18:59 | 6207301 Lolitsa
Lolitsa's picture

Something stinks.

Wed, 06/17/2015 - 19:00 | 6207304 Dapper Dan
Dapper Dan's picture
i'm just going to leave this right here

 

Byrds, Planes, and an Automobile

One of the men with whom the truth may lie, concerning the JFK assassination's links to the University of Texas, was one of UT's most ardent supporters who happened to own the building that has become synonymous with the assassination. His ties to UT are well known. His numerous ties to the assassination are lesser known. One of his least known ties, it appears, is to the UT Rambler

http://www.acorn.net/jfkplace/09/fp.back_issues/17th_Issue/rambler3.html

 

http://spot.acorn.net/jfkplace/09/fp.back_issues/17th_Issue/rambler1.html

 

http://spot.acorn.net/jfkplace/09/fp.back_issues/17th_Issue/rambler4.html

Wed, 06/17/2015 - 19:06 | 6207322 rsnoble
rsnoble's picture

Well first off, it won't be the Fed's that come and take it.  Drones, tactical nukes, etc.

Wed, 06/17/2015 - 19:08 | 6207329 eddiebe
eddiebe's picture

Texas will get their gold when the FED decides that they get their gold.

Wed, 06/17/2015 - 22:31 | 6207878 Bopper09
Bopper09's picture

Or which country is U.S. going to go to war with to be able to repatriate Texas gold.  Remember, Germany is already in line.  My guess is Texas will get 10 ounces, and need 12 more years to deliver the rest.

Wed, 06/17/2015 - 19:10 | 6207335 Sanity Bear
Sanity Bear's picture

If Texas actually gets any gold back from the Fed, you can count on the feds indeed coming and taking it when they want it. Wonder how many Texans are willing to go down defending it in the end? I'm guessing that number is  pretty close to zero where the rubber meets the road.

Wed, 06/17/2015 - 23:51 | 6208048 Buster Cherry
Buster Cherry's picture

Texas.defeated another country before.

 

The DC powers should roast for neglecting immigration law. Its not just Texas that gets hurt, its all the usa. Our society has been diluted by people that have no intention of assimilating and are sucking the life out of our country.

Who can respect the law when there is no law?

Thu, 06/18/2015 - 00:03 | 6208072 TheMeatTrapper
TheMeatTrapper's picture

"I'm guessing that number is  pretty close to zero where the rubber meets the road."

Just because you are a fucking pussy doesn't mean other men are. 

Wed, 06/17/2015 - 19:12 | 6207340 silverserfer
silverserfer's picture

Yellen "release the hounds. Insolence will not be tolerated."

Wed, 06/17/2015 - 19:18 | 6207354 luna_man
luna_man's picture

 

 

I said it before and I'll say it again...WITHOUT THE BOMB TO DETER, just wastiN time and money!

 

get the bomb, sleep easy boy's

 

 

Wed, 06/17/2015 - 19:35 | 6207386 Duc888
Duc888's picture

 

 

Luna-man, Texas had nukes, they just decided to sell them.

http://www.veteranstoday.com/2014/05/20/too-classified-to-publish-bush-n...

 

Wed, 06/17/2015 - 19:19 | 6207355 847328_3527
847328_3527's picture

If the Feds mess with Texas they'll send moar Mexicans up north ... that's teach 'm!

Wed, 06/17/2015 - 23:02 | 6207935 Baa baa
Baa baa's picture

And fire ants.

Wed, 06/17/2015 - 19:38 | 6207389 SillySalesmanQu...
SillySalesmanQuestion's picture

Texas better get ready to put a tear in their beer when they find out that there ain't no gold in them hills of New York...

Wed, 06/17/2015 - 20:10 | 6207477 Anunnaki
Anunnaki's picture

Have fun with your gold plated tungsten, y''all

Wed, 06/17/2015 - 20:12 | 6207483 EscondidoSurfer
EscondidoSurfer's picture

Couldn't they just sell what is in Washington and buy some new gold?

Wed, 06/17/2015 - 20:34 | 6207540 GotNuttin'todo
GotNuttin'todo's picture

Go Texas! Get another 37 states to follow your lead and maybe we can get our Constitution back! (unless the feds choose to ignor Article V too).

Wed, 06/17/2015 - 20:46 | 6207570 p00k1e
p00k1e's picture

The troops are in Texas. 

A false flag EMP – obliterate 12,000,000 folk in an ISIS style house to house rampage then dump them in a mass grave….  Blame it on the nuke. 

Wed, 06/17/2015 - 21:45 | 6207762 rickybobby1hundo
rickybobby1hundo's picture

That is beyond impossible to pull off

Thu, 06/18/2015 - 00:34 | 6208156 Buster Cherry
Buster Cherry's picture

No, it will fit on a 18 wheeler just fine.

Thu, 06/18/2015 - 08:44 | 6208886 Al Bendova
Al Bendova's picture

The size will fit.  The weight will not.

Wed, 06/17/2015 - 21:47 | 6207766 rickybobby1hundo
rickybobby1hundo's picture

Dupe

Wed, 06/17/2015 - 22:04 | 6207820 p00k1e
p00k1e's picture

Listen to this, I read somewhere else…. 

A God is roasting California (drought) right now so that when the nuke (flame) goes off there the land will be scorched (ash) along with the fat humans (lard) which will make, “SOAP” (Tyler Durden)!   “And the lands shall be cleansed…”

Wed, 06/17/2015 - 20:49 | 6207578 saldulilem
saldulilem's picture

wow, this is really a black swan flying out of left field

Wed, 06/17/2015 - 22:11 | 6207837 SgtShaftoe
SgtShaftoe's picture

No, it's bullshit. It's about as real as the "diamond" rhinestones on an old lady's denim jacket in Dallas.

Prove me wrong Texas come on! That's a challenge if you didn't get the hint. Seriously, get your shit together Texas. (see my comment above)

Wed, 06/17/2015 - 23:41 | 6208018 Buster Cherry
Buster Cherry's picture

Put down your beer sergent and.re-read the article.

 

Texas is taking steps to provide for.its own security. We are building a vault to hold our gold in, because we are getting our shit more and more togetherer.

We have our own grid and no state income tax, though I admit my property tax is pretty onerous, but I work hard and like living in a nice neighborhood. I like that I can water the lawn wearing a sidearm. I like fishing around Galveston and Lake Somerville and I've never been out of work in 31 years. The police have always been courteous to me, but of course I dont do stupid shit that attracts their attention.

 

The bashers need to convince me their state is better and.why. Otherwise, COME AND TAKE IT.

Thu, 06/18/2015 - 00:01 | 6208069 SgtShaftoe
SgtShaftoe's picture

I totally understand that Texas is trying to get their shit together, but there is an awful lot of unfounded pride in texas, and a ton of sleeping derpy dipshits there. I understand that statement applies to other states even to a greater degree, but the level of pride is both unprecedented and unfounded in TX, and is kind of dangerous. It's more of a brand than truth at this point. I really just want Texas to live up to it's reputation. It hasn't so far.

My rambunctious poking at Texas is with the intent that it will motivate some people to clean it up, while tempering the pride. I wish for Texans to see things for what they are and get it fixed because the self esteem of Texas is far above reality at this point.

Thu, 06/18/2015 - 00:32 | 6208142 Buster Cherry
Buster Cherry's picture

Unless you are a Texan, you cannot understand that if pride is a sin, then I am a sinner.

Is it bragging if it can be backed?

 

The first word spoken from the lunar surface was " Houston"

Texas is one of two states to be independant nations.

Texas won a war of independence, just like the United States.

Enough of that. That stuff was.a.long time ago. This is good stuff happening today. Im also glad the rains are.refilling Lake Travis. 

 

 There is so much more, and I admit I don' t know everything there is to know about the other 49 and everyone is proud of their state, just becauze its theirs.

 

I like to think our pride is.in fair proportion to our geographic area. Is that fair?

Thu, 06/18/2015 - 00:49 | 6208174 SgtShaftoe
SgtShaftoe's picture

A lesson I learned a long time ago: Pride is dangerous. Always be humble. Humility is a virtue, pride can be very dangerous, and an incredible vice. Pride begets overconfidence which begets people being cavalier and doing stupid shit which gets your friends killed. Nobody I know of has been killed because of their humility. Think carefully.

I have had friends killed however due to some asshole's pride.

A line on a map is just that. It means little. It certainly doesn't make you neighbors or make a community by itself. Community requires relationships. That should be the center of our world: community. Community can be configured in innumerable ways and configurations, but the most basic is your neighborhood. "Let everyone sweep in front of his own door, and the whole world will be clean." - Johann Wolfgang von Goethe

Thu, 06/18/2015 - 00:08 | 6208089 TheMeatTrapper
TheMeatTrapper's picture

"The bashers need to convince me their state is better and.why. Otherwise, COME AND TAKE IT."

Hell Yeah Buster! I'm in Alabama and all these fucking Yankee assed, gay motherfucking pussies need to step up and spell out where they live and what their State is doing that is better. 

Of course they won't, because they can't. 

It's a simple question people - if Texas is so bad, exactly WHAT THE FUCK IS YOUR STATE DOING THAT IS BETTER? 

Put up or shut up. lol. #Whatabunchofloserqueers.

Thu, 06/18/2015 - 00:18 | 6208117 SgtShaftoe
SgtShaftoe's picture

you portrayed the perfect example of what I was trying to write about. Are you a method actor? That was excellent!

Thu, 06/18/2015 - 00:18 | 6208118 2handband
2handband's picture

Don't be obtuse. Nobody is saying their state is better... they're all the same and you know it. Or maybe not... Texans are fucking dumb, because they actually believe this is anything more than bluster and bullshit to appeal to a certain audience. Texas is never going to take delivery, and the governor damn well knows it.

This state's rights bullshit is just that. If you really think your state government, if granted sovereignity, would be any better at all than the federal? if so you're a moron. Government is evil. Period. Loyalty to any political entity is fucking retarded.

Thu, 06/18/2015 - 05:30 | 6208451 Bopper09
Bopper09's picture

A sovereign Texas gov't would do a good job initially, at least until the BIS / IMF get their guy in there, like a Woodrow Wilson, and then you'd see a central bank in Texas and the gold will disapear again.

Wed, 06/17/2015 - 20:53 | 6207591 p00k1e
p00k1e's picture

So if Obama takes the chop sticks to Texas, are we supposed to posse-up in St. Louis and go in for the good citizens?

Or watch from afar like we do those Minutemen guarding the southern border.

Wed, 06/17/2015 - 21:49 | 6207776 SirBarksAlot
SirBarksAlot's picture

Lie back and think of England.

 

Wed, 06/17/2015 - 22:05 | 6207823 p00k1e
p00k1e's picture

While sipping a Samuel Adams? 

Wed, 06/17/2015 - 21:06 | 6207633 p00k1e
p00k1e's picture

On the other hand, perhaps U.S. troops are in Texas as a precaution.  Perhaps they’ll process the citizens who flee in from the other areas of the CONUS. 

Wed, 06/17/2015 - 21:09 | 6207637 HEY YOU
HEY YOU's picture

There's a saying that Texass needs to learn "Don't mess with the 49 other states that make up this country. You might just your ass kicked."

Wed, 06/17/2015 - 22:32 | 6207871 Bopper09
Bopper09's picture

Or maybe the other 49 states could try gain some of their freedom back, instead of just blindly following their overlords obama and janet

Wed, 06/17/2015 - 23:28 | 6207992 Buster Cherry
Buster Cherry's picture

Well for my part I can assure you I would LOVE to have Texas leave the other 49 and be its own country LIKE IT WAS ORIGINALLY.

Thu, 06/18/2015 - 00:46 | 6208176 HEY YOU
HEY YOU's picture

I'm sure Texass won't turn down Federal aid paid for by 49 state taxpayers to cover their idiots living in flood plains.

Wed, 06/17/2015 - 21:47 | 6207696 marmotmanor
marmotmanor's picture

Well done Texas. Thatll piss a few people off. For people with a bit of gold, it should give them another place to store their gold which is still in the USA. Smartest places are probably Singapore and Australia. (Australia has close to 10,000 tons still in the ground)

Games coming to an end anyway, so very smart to grab their gold and keep it in their own depository down in texas.

And if the facists come for the Texas gold and the boys get masacred, it will be the final straw for revolution in the USA.

It wont be 50 states against Texas, itll be 50 states of citizens against the government. (No wonder they were stocking up with 1.6b rounds of ammo- touch scared are they).

Looking from outside your a tinder box anyway. Only take a few more sparks. And probably very few places in the world with as many highly trained armed forces personal who are now citizens. If it did start, and would be so horrible, but you guys would get yourselves organised so quickly because youve been trained your whole lives for it. Just a change of clothes.

There was a time maybe 60 years ago when people from all around the world wanted to become American citizens. Not now. You couldnt pay me to take US citizenship. And im saying that nicely. Lots and lots of really nice and good american citizens but your living in a decaying carcase of what was once a great idea, until the maggots got in and started consuming everything that was good about America

Its interesting to see how many candidates are standing for the Republican nomination. Shows the widespread unhappiness on the conservative side of politics. Even Trumps having a go!

Americans absolutely love their country. They love the belief of what their country is supposed to be.

But a very big chunk of them now hate their government and the loss of what it once was. Many of them are awakening very slowly. Probably why the elite will move their operations off shore. They cant take much more without the citizens biting back.

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