TODAY-5/22/15--Texas HB 483--TEXAS BULLION DEPOSITORY...in the face of a national financial or currency crisis.”

Do these legislative nutters think Texans with gold are going to put it behind the nutters' locked door? The same nutters who went along with the Federal Reserve (See Dallas Fed) until it has become convenient not to? They were complicit in the Fed's theft and now they think this will settle the matter?

Not familiar with nutters except for your short post.

You've just outed yourself, OP.

Cannabis is the answer.

^^^That is full retard. You sound like a butthurt liberal in love with the FED.

^^^That is full retard. You sound like a butthurt liberal in love with the FED.

I think it is a cool idea. I just dont see them getting alot of big depositors due to lack of trust in any currency/assett holding systems. And the type of people who hold bullion are those types not to trust at this current time.

Problem is a lot of liberals like their butts hurting lmao.

I think it is a cool idea. I just dont see them getting alot of big depositors due to lack of trust in any currency/assett holding systems. And the type of people who hold bullion are those types not to trust at this current time.

I may have misunderstood, but I don't think this is meant to be a safety deposit box for individuals. Rather, it is meant to be an alternative for the state and local governments to put their investments into physical gold (silver) rather than the current banking system. Instead, they will crate their own system that does not charge interest or fees and does not overreach it's balance sheet. It seems as though they intend to cut out the FED banks.

How could this be bad?

Love your tag line

I may have misunderstood, but I don't think this is meant to be a safety deposit box for individuals. Rather, it is meant to be an alternative for the state and local governments to put their investments into physical gold (silver) rather than the current banking system. Instead, they will crate their own system that does not charge interest or fees and does not overreach it's balance sheet. It seems as though they intend to cut out the FED banks.

How could this be bad?

From the video:

Thirteen States have legislation pending to make bullion legal tender.

That vid is from 2013, the vote is just coming up now?

[link to www.cnbc.com]


They brought their gold back to Texas

Cannabis would generate trillions, for Texas, the US, and the whole planet. Cannabis would create a new economy where ever it is legalized. New jobs and industry growth, along with healing everyone. It can heal the planet.

Cannabis is the answer.

HB 483 would establish a TEXAS BULLION DEPOSITORY. This piece of legislation, in short, would create a mechanism for Texas and Texans to bring their gold and silver home to Texas and store them in a Texas-based system as opposed to a Federal Reserve created system.

“This proposal consists of two parts – the “depository” part and the “system” part. The “depository” part … provides simply for hedging the state’s investment risk by allocating a recommended portion of state and local investment assets to physical gold and other precious metals, and housing those metals in a state-operated facility….

“But the truly game-changing aspect of this proposal … lies in the “system” part. This would be an advanced, state-owned and operated system of electronic payments and settlements, denominated in ounces of precious metals, barred from engaging in lending, leasing, speculative or derivative transactions, and always maintaining a 100% ratio of bullion reserves to account balances. At full scale, not only could it sustain state and local government operations, it could potentially sustain large swaths of the Texas economy, even in the face of a national financial or currency crisis.”

Go to this link and find your Senator: "I live in your district and I want you to vote 'YES' on HB 1150 and HB 483. Thank you."

[link to www.senate.state.tx.us]



[link to www.thetnm.org]

Worth repeating:

At full scale, not only could it sustain state and local government operations, it could potentially sustain large swaths of the Texas economy, even in the face of a national financial or currency crisis.”

Well that settles it. We're going to war with Texas. :O