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Friday, June 04, 2021

Just one more reason why I love Tennessee

Last month, Tennessee Gov. Bill Lee signed a bill into law that creates a commission to study the feasibility of creating a gold bullion depository in the Volunteer State.

A state bullion depository would not only create a safe place to store precious metals; it would increase the state’s financial independence. It could also facilitate the everyday use of gold and silver in financial transactions in Tennessee and set the stage to undermine the Federal Reserve’s monopoly on money.
-Rurik
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10 comments:

  1. AnonymousJune 4, 2021 at 2:43 PM

    Hell man, last week I farted into a ziplock baggie and put it in the freezer.
    It’s easy to talk about doing shit. Can’t recall ever seeing a politician do much of anything. B

    ReplyDelete
  2. AnonymousJune 4, 2021 at 2:47 PM

    The Feds would raid it.

    ReplyDelete
  3. UnclezipJune 4, 2021 at 2:57 PM

    Were you aware that the gold in Fort Knox has not been inventoried since 1952? Wonder who got it.

    ReplyDelete
  4. SteveJune 4, 2021 at 3:19 PM

    "Who has the power to print and coin money in the Constitution?
    Section 8 permits Congress to coin money and to regulate its value. Section 10 denies states the right to coin or to print their own money. The framers clearly intended a national monetary system based on coin and for the power to regulate that system to rest only with the federal government."
    DANG IT!!! It was a great idea while it lasted.

    ReplyDelete
    Replies
    1. Tom BaughJune 4, 2021 at 4:44 PM

      All empires fail and break up into former provinces. The provinces which see to the needs of their people first will be the ones that thrive. Those provinces which cling to the dying empire die with it. So it has always been.

      Delete
  5. michigan dougJune 4, 2021 at 4:38 PM

    Some states are already doing it.

    Look up Utah Goldbacks. Nevada and New Hampshire have them also.

    ReplyDelete
  6. irontomflintJune 4, 2021 at 4:46 PM

    This is the laziest way I have ever seen to get people to give up their precious metals.
    When they need it, they will just nationalize it/confiscate it by creating a new "law" that says you can't privately own precious metals. They won't even have to come to your house because you already gave it to them.

    ReplyDelete
    Replies
    1. rickn8orJune 5, 2021 at 9:40 AM

      It's been done before:

      https://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard

      Delete
  7. AnonymousJune 4, 2021 at 5:53 PM

    Texas has been doing this for years. The gold was being kept in New York, but was brought home to Austin several years ago.

    ReplyDelete
  8. DanJune 5, 2021 at 12:03 AM

    Exactly WHOSE GOLD would this "depository" be "safeguarding". Remember folks....if you can't lay your hands on and personally defend your property...it ISN'T YOURS....it belongs to the state.

    ReplyDelete

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