Texas Begins Construction On Its State Gold Depository

TEXAS BEGINS CONSTRUCTION ON ITS STATE GOLD DEPOSITORY
Source: GizaDeathStar.com
Dr. Joseph P. Farrell
May 25, 2016

You’ll recall last year I blogged about the fact that the state of Texas had passed a law creating its own gold depository. We, lest you think it was all talk and no action, Ms. M.W. found this article at our friends at Zero Hedge, indicating that it was not just talk:

Texas Begins Construction of Gold Depository

There’s something in this article that caught my attention, and no doubt it did the reader’s as well:

Laying the Ground Work for Electronic Gold-Based “Money”

For one, many state politicians hope that the State of Texas will be able to relocate its own gold holdings into Texas from New York where it currently sits. The state spends a million dollars per year on its storage.

Moreover, existence of the depository opens up the possibilities for users creating a new type of currency in which purchases are made electronically with the backing of the gold in the depository. In other words, one could potentially use the depository’s infrastructure to make purchases using gold, and to have gold either directly deposited into another’s account, or converted to US dollars and deposited in a conventional bank. Arguably, this is just an electronic version of gold-backed money.

In other words, in this speculative reading of the event, Texas is getting in on the ground floor of the current meme of “crypto-currencies”. Now, I personally suspect that the push behind crypto-currencies has been a centrasl bank-driven meme, after all, none other than the Bank of England has been in on it, creating their own versions. In other words, the move may not be such a good thing, since the goal here seems to be the removal of physical media of exchange as a part of the move to drive a “cashless society” meme, yet another theme near and dear to the banksters’ black hearts. How better to “reassure” a skeptical public than to have a staunch “conservative” state like Texas involved with the scheme.

Continue Reading At: GizaDeathStar.com

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Joseph P. Farrell has a doctorate in patristics from the University of Oxford, and pursues research in physics, alternative history and science, and “strange stuff”. His book The Giza DeathStar, for which the Giza Community is named, was published in the spring of 2002, and was his first venture into “alternative history and science”.