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Why not Texas?

06 Feb

MINTING ITS OWN MONEY?
Virginia Advances Bill Pushing for State Currency

This bill calls for creation of a 10-member commission that would determine the “need, means and schedule for establishing a metallic-based monetary unit.” Essentially, he wants to spend $20,000 on a study that could call for the state to return to a gold standard.

The gold standard is a system under which a country ties the value of its currency to gold, setting a fixed price at which gold can be bought or sold by the government.

Other States…

Many of the bills would make it possible for residents to exchange the physical coins for goods and services, so you could use coins to buy anything from groceries to a car as long as the store chooses to accept them.

However, most people aren’t going to walk around with such valuable coins in their pockets.  Plus, calculating the value of the coins — especially if they come from different parts of the globe and are of different sizes and shapes — will get tricky.

It’s more likely that the states will create electronic depositories and accounts for the coins to make transactions easier, when and if the initial bills are passed, he said.

Utah Gold & Silver Depository is already developing a system where customers could use debit cards linked to their gold holdings.  When customers swipe their debit cards to make transactions, physical gold and silver coins would be transferred between accounts in privately-owned depositories (or vaults) based on the market value of the metals.

Meanwhile down in Texas…

As far as anyone knows, only the University of Texas endowment fund has taken measures to purchase gold.   Even then, the ‘educators’ have parked this bullion in a vault up in NYC.  And who is not aware of the fact that ‘educators’ are among the most stupid among us? 

While Texas is far from being like, and trying hard to separate herself (specifically) from California, there are still way too many areas in which she finds herself spookily akin to the “Loony State”.

Why Texas, of all States, is not preparing itself for the coming collapse of the U.S. (and International) financial system, is anyone’s guess.  Could it be that Governor Good Hair is all talk and no action?  All horse and no Cowboy?

Where are you, Texas?

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12 Comments

Posted by on February 6, 2013 in Uncategorized

 

12 responses to “Why not Texas?

  1. Dannyboy53

    February 6, 2013 at 11:06 pm

    EVERYBODY DO IT…and dump the Federal Reserve. Lets go back to the way it was (and was intended to be) before The War for Southern Independence. Each state printing, and recognizing, each others money.

    Our downward spiral began before the Federal Reserve Act of 1913 but this single act has done more to rush it on through than any other single action in my opinion.

    While we are at it, might as well close down all the Federal Government Agencies and Departments

     
  2. Wildflower

    February 7, 2013 at 9:26 am

    hmmm trade gold to texas for a few for chilli making…..

    probally get you for a silver dime…

     
    • Dannyboy53

      February 7, 2013 at 10:11 am

      Wildflower if you are talking about getting me for a dime…my wife would tell you that you paid too much!

       
      • The Soffitrat

        February 7, 2013 at 1:36 pm

        Maybe an old penny. Maybe…

         
        • Dannyboy53

          February 7, 2013 at 2:32 pm

          What’s a penny worth these days?!

           
  3. The Soffitrat

    February 7, 2013 at 5:42 pm

    About twice what our Kenyan visitor is.

     
  4. diogenesoftherifle

    February 7, 2013 at 6:35 pm

    Actually,the value of a modern penny is .0057317cents. Or 57% of its face value.(info was obtained at Coinflation.com)
    I think if you paid a penny for Oblammyoboy, you were ripped off, but that is my opinion.

     
    • Dannyboy53

      February 7, 2013 at 7:22 pm

      I agree with getting ripped off dio! Makes me think of the story I read years ago about Germans in post WWI hauling a wheelbarrow full of marks and phenigs to town just to buy a loaf of bread.

      We will probably be experiencing the same before summer is out.

       
    • The Soffitrat

      February 7, 2013 at 10:44 pm

      Good point, Dio. I knew that I was on the right track. Just didn’t have the numbers down. 🙂

       
  5. Wildflower

    February 7, 2013 at 8:38 pm

    that is why am to luv texans; when the beef costs too much there be those cheaper priced texans for pennies apiece…….

     
    • The Soffitrat

      February 7, 2013 at 10:43 pm

      When the SHTF, every freedom loving person will be a Texan.

       
  6. Wildflower

    February 8, 2013 at 1:39 am

    good, no shortages of edible texans!

     

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