Article Image
News Link • Federal Reserve

Texas demands its physical gold reserves be returned by the Fed

•, 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.

Join us on our Social Networks:


Share this page with your friends on your favorite social network:

Purse.IO Save on All Amazon Purchases