Since in the last 100 years the dollar has lost 99% of its value, are you in favor of Texas creating 100% Reserve Gold And Silver-Backed Currencies?

[Adaeva]

Gold Certificate - When Money was Real

Texas Committee Passes Bill To Create 100% Reserve Gold And Silver-Backed Transactional Currencies: https://www.zerohedge.com/commodities/texas-committee-passes-bill-create-100-reserve-gold-and-silver-backed-transactional

If states create real money, that can restore the Constitution of the United States because it will remove the near absolute power the international bankers that own the Federal Reserve have to control the USA.

While gold has maintained its value, based on two excellent standards--the price of gold and the cost of labor--in the last 100 years, the dollar has lost about 99% of its value.

1. 100 years ago, gold was $20.67 per ounce. Now gold is 100 times that at $2,038.

2. 100 years ago,, average skilled labor was a dollar a day. Now it is about 100 that.

[Lliam]

Absolutely. Money needs to be backed by something tangible. The wealthy are busy buying up every tangible asset possible, such as land, water rights and mineral rights. They are even monopolizing use of "the commons" in the name of environmentalism, even though that is just a flimsy excuse.
So, obviously, tangible assets are the only things with true value. The rest is smoke and mirrors.

[Lliam]

Thanks for the MHO, Adaeva!

[BeMuse]

Yep. They are already set up with the Texas Bullion Depository and have followed Florida's plan to block CBDC. Together our states being the second and third most populated can influence a large chunk of America to return to the gold standard and destroy the Federal Reserve central bankers.

https://www.youtube.com/embed/4Zi8efmSxj0

[exitseven]

Sounds like a plan to me. It will never happen because the ultra rich want to own everything and don't want the rest of us to own anything of value. If and when we go to all digital currency one day we will all wake up to find that everything we worked for all our lives has suddenly evaporated into thin air.

[Grond21]

Yes... maybe. my biggest concern is that while gold is limited in supply, dollars that are backed by it must also be limited.

But that is a smaller concern

[slatyb]

That doesn't work well because economies grow faster than the metals are produced. This leads to to deflation, which is ruinous for debtors.

[Adaeva]

Since deflation gives people more wealth, it is great for everyone else.

[worldscolide]

If they do i will move to Texas. I am so sick of leftist run bullshit right now..

[goaded]

So what you're saying is that people can buy the same amount with their pay today as they could 100 years ago. What's the problem, exactly?

[andreasderjuengere]

In the last 59 years I gave a shit for ''Dollars''
And I have enough food to eat.
I will continue to give a shit :D

[nawtee_me]

Currencies are worth more when backed by gold or silver

[Jltakk]

We never should have dropped the gold standard

[Friendlybro79]

Not sure. I don't understand it completely

[jimmy2]

That's where all countries are going wirh