OKLAHOMA LATEST STATE TO CONSIDER BULLION HOLDINGS
Well this week we're back to a "sort of regular" blogging schedule as I am planning blogs for the 24th, 26th, 28th (Mon, Wed, Fri) plus our usual honorable mentions. And again, thanks to all of you submitting articles and stories.
This one comes courtesy of V.T., and if been following the stories of states passing bullion depositories and/or constitutional money resolutions, this story can be filed in the "more evidence of looming crack-up" category, because now the US State of Oklahoma is considering a bullion holdings bill:
Oklahoma to Consider Holding Gold and Silver, Removing Income Taxes
The article is fairly self-explanatory, listing all the (eminently sound) reasons Oklahoma should protect the principal of its public investments from the ravages of federal monetary and fiscal policy. But there's something that caught my eye in this article, and it's the subject of today's high octane speculation:
Additionally, HB 3681 prescribes safekeeping and storage requirements. The State Treasurer would hold the state’s bullion in a qualifying, insured, and independently audited depository, free of any encumbrances and physically segregated from other holdings.
Oklahoma has become a sound money hotspot, already earning 11th place on the 2021 Sound Money Index.
The Sooner State ended sales taxes on purchases of precious metals long ago. This week, Sen. Nathan Dahm introduced two sound money bills to be considered before the Oklaghoma legislature. SB 1717 would establish a depository, governed by the Office of the State Treasurer, to serve as the custodian, guardian, and administrator of certain bullion and specie that may be transferred to or otherwise acquired by this state or an agency, a political subdivision, or another instrumentality of the state. SB 1480 would remove Oklahoma state income taxes from the exchange or sale of gold and silver sales.
Now note, in effect, what this means, should the bill pass. Initially, any bullion purchases and deposits could be held in any "qualifying, insured, and independently audited depository," such as, for example, the Texas state bullion depository. Note also that other bills pending in Oklahoma would establish its own state bullion depository, and presumably further mechanisms would be created for any financial clearing between the two state depositories should they ever begin to function in that capacity. With Oklahoma joining the moves for state bullion depositories, we've crossed the line: Texas is no longer odd man out, but rather, the phenomenon has become regional. If the trend continues one may expect Arkansas and Louisiana to join.
Time will, of course, tell whether these pending bills pass or not. But given the mood of the country I think it's only a matter of time, and only a matter of time before the idea spreads from state depositories, to regional ones owned and managed by several states. It's that "regional step" that I strongly suspect is the ultimate goal, a way out from under the thumb of an out-of-control swampgov. Again, of course, time will tell, but reading these stories over the years I've always come away with the impression that the genie is out of the bottle, and that the course is set.
See you on the flip side...
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Being an MBA, the finances of Swampington has been intriguing to watch. The MIC broke the gold standard as a result of their misadventure in Vietnam. The Reserve Currency has perpetuated the MIC bubble, but if the MIC realizes that USA’s unsound money has a natural lifespan, accelerated by corruption and other malfeasance by Swampington, what is the MIC’s Plan B to perpetuate its bubble should a Great Reset occur? Relying on the CCP to finance the MIC bubble seems to have run its course. Sound money is required to perpetuate the MIC over the long-term so there must be some smart people within the Military that see this fact and are doing something about it.
State by state, America couldn’t be be taken off the gold standard. It means, that a federal superstructure had to be in place, to enforce it, simultaneously. That was always the plan.
The empires of Moloch always follow the same pattern, from Assyro-Babylonian to Greco-Roman empires. Always, the kleptoparasite takes control of the gold.
Inflation is the sound of the kleptoparasite sucking the value out of an economy. Gradually, enslavement occurs, and uniformed indoctrination expands the imperial bubble.
The countermeasure has always been the sundial – the 8-point compass – as the red thread in through the Holy Writ.
A lot of folks (who can) prefer the [tangible] like gold & silver and other precious commodities when investing as well as where they can get it straight forward without reserve notes in the way. Those states that seem to have a means to do the same know how important that is. It wasn’t too long ago that Venezuela wanted to reclaim or repatriate its gold from a bank facility in United Kingdom but had some difficulty doing so. That was a clear message to others with such sizeable wealth in bullion that considered the same. Local repositories seem to also mean financial stability of mind (Why wouldn’t it?) which then calls into the financial frame of reference of how to exchange it for the currency more commonly used between parties agreeing upon monetary exchanges that differ from each other.
States as well as their respective regions have individual items and resources of what is considered valued tradable wealth in addition to the flags each has, and State animal known to the area. Local investment is necessary and so is local accessibility to any of that wealth. It’s already been seen on a number of occasions how corruptive corporate levels have become while using their level of access. The States still have a great deal of power – they just need to use it wisely as the citizenry within their respective borders learn how.
You only need ONE office of exchange, where a man can exchange his hard-earned salary into gold.
When fruit of labor is as good as gold, riches increase, because the kleptoparasite is kept out of loop.
Gold, in one state, has equal value in another state. That is the gold standard.
Originally, a paper bill is just a promise of gold, that is easily carried.
I’m confused. Don’t the Bad Guys actively desire the break-up, seceding, Balkanisation of the United States? Is this a mechansm to engineer that, state by state? A fractured US will be an ugly spectacle but one very much desired by ‘The Entities’.
I’m pretty sure they want to keep the US as 1 entity, so that it’s easier to control and to use as their global enforcer.
As long as one has to pay taxes, when purchasing gold, it can’t be used as money. There has to be a tax exemption for gold, and that is the local loophole.
Federal Reserve can’t print federal dollar bills out of thin air, when a local dollar is backed by gold. Demand for the latter will force the former out of the market.
1776 was the year of the Freemason superstructures. States were doing just fine before 1776. The problem was mad King George. Today’s royalties are pedophiles.
The Texas gold dollar is the coming birth of a new republic.
And( when there were 3 ?), exactly 200 years later, the current “problem” seems to be “Who’s Minding the Moon”…
Genesis – Mad Man Moon (Official Audio) :
* released Feb., 1976( bicentennial).
No reason to waste time trying to figure it out. Immanent zombie apocalypse confirmed:
Clickbait. Hollywood’s 12 Monkeys movie has stage props on the loose. Damage control, to draw attention away from Fauci’s Cantarella shot.
For slightly over 100 years N Dakota has had the only state-owned general services bank.
“In 2019, Wyoming shook both regulators and the crypto industry by passing a staggering 13 new blockchain laws regarding cryptocurrencies that will clarify and legalize various forms of cryptocurrency use. Other U.S. states are now following Wyoming’s new crypto legislation, but Wyoming offers numerous other advantages in the realms of tax and licensing that other states don’t.”
I’m not sold on internet currency being a viable replacement for the dollar, but it does show that flyover states are thinking about financial issues related to decoupling from the DC dollar.
“Six state governors gathered at SHOT Show 2022 for the first-ever Governor’s Forum hosted by the National Shooting Sports Foundation.
Governors Pete Ricketts (Nebraska), Kristi Noem (South Dakota), Asa Hutchinson (Arkansas), Brian Kemp (Georgia), Mark Gordon (Wyoming), and Mike Dunleavy (Alaska) met in Las Vegas to discuss the firearm industry in their states and reaffirm their commitment to the Second Amendment.
As part of his answer to a question about how states are banding together to push back against federal gun control laws, Gov. Dunleavy highlighted Alaska’s State Defense Force. He likened it to colonial-era state militias and offered the model as a way for other states to maintain an alternative to the National Guard, which is under dual state and federal control.”
Best news I’ve seen in many years. The implications are staggering.
All that has to be done is dissolve the Federal Reserve like Jackson dissolved The Bank of The United States. Let the Department of the Treasury print and coin the money and have it back by gold and silver instead of the legalized counterfeit it is now. Joesph, can you fix the loke dislike buttons so we can vote on each other’s comments.
Fed Reserve is never going to be abolished. Those with the power to do so are controlled by those who control the FR.
>Fed Reserve is never going to be abolished. Those with the power to do so are controlled by those who control the FR.<
Exactly. The Fed is controlled by people who are more likely to impose serfdom than to allow themselves to lose wealth, power, control.
When the Federal Reserve breaks wind, they call it money out of thin air.
In Sherwood, there is artistic creativity, at the mint, in the alchemist workshop:
I also noticed the phrase; “free of any encumbrances” – that’s significant. No re-hypothication or derivatives? (If I am using the terms correctly.)
Good to see this post. Back to almost normal.
I can see it now. The call for a posse to go get them darn thieves who stole the gold from the Wells Fargo “stagecoach” on its way from Oklahoma to Texas.
Individual states are vying to create their own sound money: the petrodollar is already defunct, any “Fed” activity is just a funeral wake. SOMETHING is in the works, with stories coming out about ATMs equipped distribute what bank managers have indicated to be new “notes”, and also coins. These, especially coin dispensers, would indicate backtracking on attempts to reduce the use of cash, and could even be a prelude to gold and silver coin distribution for local circulation.
Consider going to your local coin store to get a little pre-1965 silver (if they have any), even just a few dollars’ worth, since in the US this is constitutional money, in addition to getting ahead of the looming breakout of the white metal from the present artificially low rates.
Moloch swindle shop is gold heist, and Rottenchild – and his royal agents – want to pickpocket more Tsar gold.
Clever Oklahoma wants to a stitch a zipper on its pocket, so that Rottenchild can’t finger it.
A mousetrap full of gold is irresistible, for a pickpocket like Rottenchild.
Sticky finger Rottenchild can’t help himself, because he is kleptoparasite.
Save the animals: