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Thread: Ballot proposition to authorize gold and silver as legal tender in Texas

  1. #1

    Ballot proposition to authorize gold and silver as legal tender in Texas

    This March, voters in the Texas Republican primary election will see on their ballots a proposition calling for the state government, utilizing its Texas Bullion Depository that began operations in 2018, to advance the use of gold and silver as legal tender.

    The proposition reads as follows: “The Texas Legislature should establish authority within the Texas State Comptroller’s office to administer access to gold and silver through the Texas Bullion Depository for use as legal tender.”
    ...
    https://ronpaulinstitute.org/going-f...gold-in-texas/

    Looks to be a measure to shore up political support for a 2025 reintroduction of 2023's HB4903 bill.



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  3. #2
    Oklahoma appears to be doing the same.

  4. #3

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    Two bills filed in the Texas House would create 100% backed gold and silver-backed transactional currencies that would serve as legal tender in the state. This would create a foundation for the people to undermine the Federal Reserve’s monopoly on money.

    Rep. Mark Dorazio filed House Bill 1049 (HB1049) and House Bill 1056 (HB1056). The language in both bills is nearly identical but they add the provisions to different sections of the Texas code.

    Under the proposed law, the Texas Comptroller would issue gold and silver specie (coins) through the Texas Bullion Depository and also establish gold and silver transactional currency defined as “the representation of gold and silver specie and bullion held in the pooled depository account.”

    The Depository would be required to hold enough gold and silver to back 100 percent of the issued currency.

    Holders of gold and silver specie and currency would be able to use them as “legal tender in payment of debt” in the state of Texas. The gold and silver-backed currency would be electronically transferable to another person.

    Gold and silver-backed currency would be redeemable in specie or at the spot price of gold in U.S. dollars minus applicable fees.

    In practice, the passage of HB1049 or HB1056 would allow any person to conduct business transactions using gold or silver.
    ...
    https://blog.tenthamendmentcenter.co...onal-currency/

    DOIT.gif

  6. #5
    Heck yea
    It's all about taking action and not being lazy. So you do the work, whether it's fitness or whatever. It's about getting up, motivating yourself and just doing it.
    - Kim Kardashian

    Donald Trump / Crenshaw 2024!!!!

    My pronouns are he/him/his

  7. #6
    I just sent a note to my Texas State Rep:
    Hello Rep <>,

    I'm a constituent in your district and I am urging you to support and/or co-sponsor Rep Dorazio's bills (HB 1049 and HB 1056) enabling Texas to issue Constitutional money.

    Thank you,
    <Bern>

  8. #7
    Gold and silver accepted on Oyardes lands
    Do something Danke

  9. #8
    Rep. Dorazio submitted a related bill:
    A bill filed in the Texas House would require the state to hold precious metal reserves. This would create a foundation for the Lone Star State to achieve more financial independence and take a small step toward undermining the Federal Reserve’s monopoly on money.

    Rep. Mark Dorazio filed House Bill 1062 (HB1062). The proposed law would require the state comptroller to purchase $4 billion in gold bullion and $1 billion in silver bullion during the biennium beginning Sept. 1, 2024, and appropriate funds for the purchase. The gold and silver would be held in the Texas Bullion Depository.
    ...
    More:
    https://blog.tenthamendmentcenter.co...lver-reserves/



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