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Texas Moves to Repatriate its Gold from the Federal Reserve

from the article:

You’ve gotta love Ron Paul. The guy is still raising hell even after he left Congress.

This is one of the most interesting stories I have read regarding the precious metals market in quite some time. It appears that Texas Rep. Giovanni Capriglione has a bill in play that would move the state’s gold from New York (where its under the “safekeeping” of the ultra shady Federal Reserve) to a depository within the state of Texas itself. The reason this would be such a big deal if it happens, is because a lot of the gold bought and sold globally is not very likely not actually owned by those that “buy” it. From my perspective, pretty much the only countries that actually buy gold and bring it within their borders are China, Russia and Iran. Most other nations that claim they “bought” gold, most likely hold a certificate that states they have gold in London or New York. So in other words, they have no gold. It looks like Texas is wising up.


Another one:
Texas Wants to Start Hoarding Gold. No, Seriously.
Somebody needs to go check the water down in Texas: Governor Rick Perry (R) wants to begin hoarding gold. Perry has teamed up with state Rep. Giovanni Capriglione (R) to create a sort of "Fort Knox" of sorts in the Lonestar State. The move has many speculating if the state is seriously considering secession.

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Fed & Washington are crushing the States

It won't happen of course but the message is clear. The states are increasingly being left to fend for themselves and productive states are paying for less productive states. States want to and increasingly have to take care of themselves.

Here is the rub for poor Rick: much of the Texas economic miracle that Perry is so proud of comes from attracting Federally funded gov't jobs.

Remember this line from the good Dr.? "170,000 of the jobs created in Texas were gov't jobs.." http://www.youtube.com/watch?v=suhEkQFXrHc

"One resists the invasion of armies; one does not resist the invasion of ideas" Victor Hugo

Rick 'Al Gore' Perry is just playing

for votes for re-election, as he always does. This will never actually happen, as we have seen before with his 'tough stance' on border security. If you recall back in 2007 running up to re-election, he had Texas Guard on the border, and went down several times with his security looking governors jacket for a PR stunt and told us how he can secure the border. Right after he was re-elected he pulled the Guard off the border, went to Mexico to meet with Calderon to apologize that he was just playing politics. When he was questioned by the press upon his return, and he replyed no comment. He also, said he was a proponent for a Sanctuary City ending bill, but failed to enter it when he called a 'special session' until it was too late to get it through. Perry also said the NAFTA Superhiway was dead, but it's being contructed North of Dallas. Perry is an extremely devious manipulating scum politician who knows how to con his way to being re-elected, even when most don't want him any longer. I wish this would happen, but I would bet on a Fed audit before I would believe 'Al Gore' Perry would do such a thing!

Texas' gold, eh?

Where did Texas get such gold?

Bottom line: no government ever has a single coin to call its own. All is pretense & coercion.

6,643 Gold Bars,,,Hmmmmm.

Are they London 400 ounce Gold bars, 100 ounce Comex Gold bars, or another size. It makes a big difference in total value.