I really don’t get this fascination with gold as a means of financial “protection” against some delusional scary future event. If things got as bad as these tin foil hat wearers think, and the dollar is not worth anything, then who is going to buy their gold, and with what?
10 Likes
When are we just going to kick Texass out of the Union and let Mexico annex the territory? I’ve had enough of their BS…
15 Likes
Actually it happened in NE…
http://www.khq.com/story/29313455/bundy-denies-firing-gunshots-near-blm-researchers-in-nevada
1 Like
How ironic that the only Texas gold under discussion is actually being held by a London based bank that has been found criminally culpable in fixing interest rates (HSBC).
24 Likes
What’s the point of being wealthy if there is nothing to buy because all the companies that make stuff go out of business because no one but the wealthy can afford their products? And how fun is it to drive a million dollar car on top of crappy roads? Is the view from their yacht spoiled from the pollution in the water after they get rid of the EPA? For being wealthy, many of these people aren’t very smart and don’t think through the repercussions of their ideology.
20 Likes
Leave it to the lone star loons…
1 Like
Don’t forget the important point that the state of Texas doesn’t actually own any gold. The University trust fund isn’t subject to this, I don’t believe. Also, even that trust fund gold is just in a private bank vault in NY (which they pay 10x more for than if they had that gold at the Fed). So, yeah, these “fiscally conservative” republicans are just burning taxpayer money to make a (bogus) political point.
19 Likes
And the Texas Tea Party Militia is, By Gawwwwd’, on its way to seize that gold…by any means necessary.
18 Likes
Let them keep their gold. I’m investing in sheep and pigs.
6 Likes
What else is new?
That’s what they do!
2 Likes
Bingo. “You can’t take it with you.” What the fuck do they care what happens in the long term if they can live a life of perfect aristocracy before dying and leaving behind a shitshow for everyone else?
9 Likes
The GOP base is SO bone stupid that they think that “paper” currency has no value other than what people assign to it.
But gold (and any other metal) also has no value other than what we assign to it. Look at the godd*mn spot market for metals. Value for whatever commodity is whatever we decide on any given day. Tulips, paper money, metals, oil, etc. And let’s be real honest - if we end up staring at armageddon, gold will be useless. Food and water will be priceless.
24 Likes
So Texas wants to become the host to drug dealers, human traffikers and others who want to shield their money from the Feds…nice move Abbott!
4 Likes
They should be building the fence on the northern border of texas!
10 Likes
It’s a Ponzi scheme Texas style. When the gold “disappears” they’ll want the rest of the country to bail them out.
11 Likes
Forgive me, Mr. Bond, but, uh… I must arrange to separate my gold from the late Mr. Solo.
3 Likes
Livestock for food and renewable energy.
1 Like
So he is a Goldbug ? Why didn’t I guess that ?
New motto “Texas: The flat Switzerland”
2 Likes
States cannot nullify federal law you dumb-shits (in Texas.)
1934 Federal Gold Reserve Act.
Only the US Treasury Dept. can hold gold reserves (i.e. gold backing money supplies) in the USA.
What’s next? Texas Bucks? Backed by a piddly $1 Billion in FLOATING gold? With a picture of George W. Bush on them?
morons…
20 Likes
FYI
It cannot be denied that Fascism and similar movements aiming at the establishment of dictatorships are full of the best intentions and that their intervention has, for the moment, saved European civilization. The merit that Fascism has thereby won for itself will live on eternally in history.
–Ludwig Von Mises, Liberalism , 1927
Wonder what Ludwig would have thought of ‘Green Egg & Ham’?
I’m going to toss another gold theft movie on the pile, ‘Tower Heist’ with Ben Stiller and Eddie Murphy…
9 Likes