That's cool. What did the US economy do over the same time period? Want to go back to those 1971 GDP figures?
Posted on 03/06/2024 6:01:11 PM PST by Macho MAGA Man
Black gold. Texas Tea.
10-4
Have you checked out the link in post 2? They’ve found a way to put gold into a small, spendable form, and it’s not considered “dollars” so it’s not counterfeiting, like some other attempts at something similar ended up being.
They’re just various fractions of an ounce of gold in a flat bill format.
I have a few of these, but the markup is pretty high for the amount of gold.
The Constitution explicitly forbids a lot of stuff that’s been going on for the last three or so years.
Right. The Texas method uses digital currency backed by Gold. Here is a link to the House version of the bill. It passed committees in both the House and Senate, but got stalled due to other priorities. It will be revisited. The Texas Gold Depository has already been created that will be used to do this. The Constitution can be interpreted with nuance, and the nuance that Texas sees is the idea that it will be legal tender.
Kranks. Look at the value od a Dollar in 1971, and look at it now!
Texas is getting ready to Texit.
Only speaking for myself and total speculation... but I think that it would only happen if the US were to collapse. Which I think is fairly likely given that interest payments on now the biggest item of the budget. It’s just not sustainable long term. We either have to allow hyperinflation to reduce the real value of the debt. Anyway, many things occuring in Texas may indicate an expectation that some form of collapse or fragmentation will occur.
I remember seeing gold notes issued by banks when I was a kid. Not many mind you, because folding currency was not plentiful in my neighborhood.
Exactly.
Soros and the wokesters would laugh their heads off if someone said “better watch out so as to comply with the US Constitution.” 😁🤸🤹🎈🎈
The Fed is illegal, and has disposed the currency.
The problem with digital and crypto currencies is that they assume the power stays on. If we lose the power grid, then what do you use for money?
If there’s no internet, anything digital effectively ceases to exist.
Destroyed
The constitution also expressly prevents the Constitution being changed without an amendment also but heck who cares if Kennedy and Nixon removed gold and silver as the coin of the realm despite the constitution saying it is the only legal tender.
Agree, that is a huge issue. I think the digital currency idea is just the first step, one that the lawyer types think is more doable.
That's cool. What did the US economy do over the same time period? Want to go back to those 1971 GDP figures?
It did well under Reagan and Clinton with stable money, it did well under Trump. Low taxes also grow the Economy. But the dollar still continued to lose value.
If it wasn’t for the gold and silver part in the Constitution, I’m sure the digital currency would be backed by a basket of items, one being West Texas Crude.
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