new Texas law to get gold out of the 'FED'

[ralph]

--- http://resistancejournals.com/2015/06/1 ... -from-fed/[quote][/quote] --- Idon't understand the implications on this , maybe someone else does .

[planosteve]

It didn't say Texas had any gold in the FED or in Ft. Knox. It said that UT had 5,610 gold bars stored in New York worth 645 million dollars which costs them $605,000 a year to store. I guess they figure they can do it cheaper here than there.

[planosteve]

It didn't say Texas had any gold in the FED or in Ft. Knox. It said that UT had 5,610 gold bars stored in New York worth 645 million dollars which costs them $605,000 a year to store. I guess they figure they can do it cheaper here than there.

[ralph]

how many years has it been stored in 'ny' , whats wrong with 'perry' if he couldn't figure out the cost ??

[ralph]

furthermore --- http://conservativerefocus.com/blogs/bl ... acility-to --- just more info on the Gold being taken out of wherever it is now being stored .

[ralph]

office of the Texas Governor --- http://gov.texas.gov/news/signature/21038 ---

[John in Plano]

viewtopic.php?f=2&t=3679

[crackertoes]

Something about this is weird.

[planosteve]

This info makes it a lot more interesting.

And the new depository will not just be a well-guarded warehouse for that bullion. The law Abbott signed calls for the creation of an electronic payments system that will allow gold, silver, platinum, palladium, and rhodium depositors to write checks against their accounts, making the depository into a bank – one that will create a metal-backed money supply intended to challenge the paper currency issued by the Federal Reserve - or "Yankee dollars" as one of the law's top supporters calls them. And in case the Fed or Obama wants to confiscate Texas's gold, nice try Fed and Obama! In keeping with this suspicion of the Fed and Washington, the new law also explicitly declares that no “governmental or quasi-governmental authority other than an authority of [Texas]” will be allowed to confiscate or freeze an account inside the depository. Gold that’s entrusted to Texas will stay in Texas.

http://talkingpointsmemo.com/cafe/with-eye-on-fiscal-armageddon-texas-set-to-repatriate-its-gold-to-new-texas-fort-know

[Mark]

I'd be willing to bet that Fort Knox is empty.

[GFB]

This info makes it a lot more interesting.

And the new depository will not just be a well-guarded warehouse for that bullion. The law Abbott signed calls for the creation of an electronic payments system that will allow gold, silver, platinum, palladium, and rhodium depositors to write checks against their accounts, making the depository into a bank – one that will create a metal-backed money supply intended to challenge the paper currency issued by the Federal Reserve - or "Yankee dollars" as one of the law's top supporters calls them. And in case the Fed or Obama wants to confiscate Texas's gold, nice try Fed and Obama! In keeping with this suspicion of the Fed and Washington, the new law also explicitly declares that no “governmental or quasi-governmental authority other than an authority of [Texas]” will be allowed to confiscate or freeze an account inside the depository. Gold that’s entrusted to Texas will stay in Texas.

http://talkingpointsmemo.com/cafe/with-eye-on-fiscal-armageddon-texas-set-to-repatriate-its-gold-to-new-texas-fort-know

Knee slapper!