Texas Legislators, Governor, Push to Repatriate Gold From Federal ReserveSubmitted by InPursuitOfLiberty on Sun, 03/31/2013 - 11:12
“Paper money eventually returns to its intrinsic value —- zero.” —Voltaire
Texas patriots, lawmakers, and supporters of gold in Texas are unifying to repatriate gold from the US central bank, the federal reserve.
With support of Texas Governor Rick Perry, the home of the Defender of Sound Money-Dr. Ron Paul- seeks to repatriate all Texan gold from the federal reserve & lawfully protect gold in Texas from seizure and illegal taxing.
As Jim Rickards points out on “Squawk Box”, Texas HB 3505 [Legislation] to repatriate gold would also establish the only sovereign bullion depository of a state within the United States, and if passed, will likely motivate other states to follow in the same footsteps.
As explained by Jim Rickards in the must watch clip, there are private and federal bullion depositories, but a sovereign state bullion depository is a meaningful statement, a statement to an obese government that the states and the free citizens living within the states are taking notice of the currency crisis that is being perpetuated by the federal reserve’s fiat dollar, artificial interest rate scheme, and trillion-dollar deficits.
“When the federal government spends more each year than it collects in tax revenues, it has three choices: It can raise taxes, print money, or borrow money. While these actions may benefit politicians, all three options are bad for average Americans” -Dr. Ron Paul
It’s no surprise that gold repatriation legislation presents itself in Texas, the state where the federal reserve’s number one critic, whistle-blower, and author of bestselling book, End The Fed-Dr. Ron Paul-calls home.
Following in his fathers fed-whistle-blower-footsteps, Senator Rand Paul has introduced the 2013 Audit The Federal Reserve bill, a national push for Americans to repatriate their savings & currency from the Unconstitutional central bank that is consistently creating worthless fiat money in a process that devalues every Americans hard-earned dollars while bolstering the pockets & profits of planners, looters, and thieves, exemplified by the bank bailouts of recent years.
The only economy the federal reserve stimulates is that of those in the business of bubbles and bursts. The fed’s artificial interest rate scheme, paired with trust-based (fiat) money (versus sound or backed money) creates the illusion of an influx of money into the market, which would normally only happen during a time of high-savings by market participants, but instead, during times of low-savings.
This and the federal reserve artificially dictating the interest rate -a key investment indicator of individual savings and economic risk-invites and nourishes mal-investment, causing bubbles that trick customers and property owners into making horrific financial decisions to sustain the bubble until the burst, in which immediately prior to or soon after, the bubble planner’s insiders, banking cartel members, and friends, cash out on highs with stronger dollars, or win big with shorts in a crisis they created.
“Believe me, the next step is a currency crisis because there will be a rejection of the dollar, the rejection of the dollar is a big, big event, and then your personal liberties are going to be severely threatened” -Ron Paul
**posted with permission**