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IPFS News Link • Federal Reserve

Texas demands its physical gold reserves be returned by the Fed

• http://www.naturalnews.com, by J. D. Heyes
  In fact, they are being felt as far away as Texas, where lawmakers there are increasingly concerned that greedy secular progressives in Washington, D.C., might someday consider a similar tactic, in order to bail out a federal government which is quickly spending itself into oblivion.

As a financial bulwark against such theft, GOP Gov. Rick Perry is considering legislation that would "return the state's $1 billion in gold reserves currently stored by the Federal Reserve at a vault in New York," WorldNetDaily is reporting.

The bill is being sponsored by state Rep. Giovanni Capriglione, R-Southlake. In an interview with the Texas Tribune, the lawmaker said, "For us to have our own gold, a lot of the runs on the bank and those types of things, they happen because people are worried that there's nothing there to back up" their deposits.



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