A salutary move against the (((banksters)))!  Do it!

https://schiffgold.com/key-gold-news/texas-committee-passes-bill-to-create-100-reserve-gold-and-silver-backed-transactional-currencies/

I might have to move to the country of Texas soon (after they succeed).  The Fed must be in a tizzy now.

Independent Texas would be cartel property in 30 minutes. It borders three of the most narco-run states in all of Mexico. It would have no chance

Very interesting.

Hard to imagine (((they))) would allow this to come to fruition.

I don’t like the fact that they also want to create a gold/silver backed CBDC to go along with the sound currency.  Too much potential for manipulation and tyranny.

Recall that an intermediate step in moving from the gold standard to fiat money was when the banksters figured out that never more than 10% of depositors ever presented their gold/silver certificates for redemption in metal.  Consequently, the banksters began lending 90% more than the gold/silver held in reserve (and speculating/gambling with what was really nothing). 

This not only left them vulnerable to bank runs, but threatened their solvency when their speculation went bad.

So then, if there was a gold/silver backed digital currency, who is to stop them from playing the same shell game, and running into the same problems? 

They would need to write into law that this would be illegal, and figure out a way to continually monitor the books to ensure 100% equilibrium between currency cap and currency debt.  Hard to do when digital currency can act like the onion router search engine (continually pinging from one account to the next).

And of course, the surveillance state would love to capture this new currency by offering the digital option.  It is completely counterproductive to have a digital allegedly gold backed currency.

I absolutely support the return to sound gold/silver currency, but it has to be done the right way, to make sure it isn’t short-lived, making the same mistakes as last time, or captured to remain a tool of the surveillance state.

The 4 main benefits would be:

1) The elimination of “origination “ (ie., creating currency out of thin air);

2) This in turn prevents devaluation/inflation;

3) Retain an economy free of surveillance (so long as the digital currency is not used);

4) The worldwide war machine, fueled by unlimited financial backing grinds to a halt.

Money Manipulation and Social Order by Fr. Denis Fahey should be required reading.

Short, concise, and free online here:

https://books.google.com/books/about/Money_Manipulation_and_Social_Order.html?id=oxNdAgAAQBAJ&printsec=frontcover&source=kp_read_button&hl=en&newbks=1&newbks_redir=0&gboemv=1#v=onepage&q&f=false

After that, The Creature from Jekyll Island, by G. Edward Griffin.m (ie., a history of the Federal Reserve).

Many readers have been frustrated that G. Edward Griffin’s book does not highlight the predominance of Jєωιѕн bankers, even though practically every banker mentioned in his book is Jєωιѕн.

I believe he is certainly aware of the fact, but as a strategic aim, deliberately refuses to call that fact out, knowing all the good he hopes to accomplish (ie., the toppling of the Fed and its fiat monetary system) will be imperiled, should the Jєωιѕн propaganda machine focus/target this work the same way it did the Protocols.

The reader needs to be intelligent enough to recognize this, without demanding Griffin state the obvious (which would only hinder the proliferation of truth).

I think I even once saw a website wherein Griffin was denying the predominance of Jєω banksters, and while I will stop short of accusing him of lying to save the book, I couldn’t help wondering whether he was simply feigning ignorance to appease and/or preempt Jєωιѕн wrath.