This Move By Texas Will Make The Fed Furious!

August 11, 2015 in Gold and Silver, News by RBN Staff

“While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense.”

– Alan Newman

Source: Tea Party Bulletin

Many patriotic Americans have long hated the Federal Reserve system because of the way that it steals from hard working Americans and gives what it steals to the Federal government and big banks. (See here and here.) Finally, though, someone is doing something that could be the first step in moving us away from the crazy inflationary economics of the Fed.

Texas passed a bill to set up their own gold-backed bank.

Now, this may not seem a big deal to those who don’t follow monetary policy, but what this essentially means is that anyone who uses that bank can be assured that the value of their money, which includes their savings and their deposits, will not be subject to the control of the Fed and the economic depressions that the Fed’s policies cause.

Alex Newman writes,

“While some analysts have said the move may be another sign heralding Texas’ eventual secession from the union, or preparation for financial Armageddon, its advocates say the depository simply makes financial sense. Among other benefits, the institution will provide more options to consumers weary of the increasingly troubled traditional banking and monetary system, which is viewed by the public with growing suspicion. And experts say the effect of making it easier to use sound money in commerce could be far-reaching.”

This is a great blow for liberty that I hope spreads across the U.S. as we take back our independence and buying power from an out-of-control Federal government and banking system.

What do you think: Great idea or terrible idea?