MISSOURI JOINS BULLION DEPOSITORY AND NULLIFICATION TREND
Incase you haven't noticed, there is a growing reaction among states to reject the overreach and unconstitutional measures of the uniparty in charge of the fedgov apparatus in the Swamp. The reaction began when Texas not only created its own state bullion depository, but followed that up by policing the international border which the uniparty refuses to do, and by passing a variety of nullification laws, and entertaining secession referenda. Of course, the standard reply to all of this is that the American Civil War made secession illegal, and the standard riposte to that Lincolnesque mysticism is that the Union is not a suicide pact. Whatever one makes of Texas, it was quickly joined by Utah, and then Tennessee, in considering the state bullion depository idea. Coupled with this, we've witnessed a number of states passing legal tender resolutions, recognizing payments made in bullion or specie as legal tender for debts and transactions, and a number of states have also passed "constitutional carry" laws for guns, and/or nullification laws releasing state authorities from carrying out any federal law in breech of these ideas. More recently, we've watched states pass nullification laws for executive orders or at least considering such bills.
Consider this trend from the following two articles (the first of which was submitted by W.G.):
Missouri Bill Would End Capital Gains, Invest State Funds in Gold and Silver, Establish State Gold Depository
I point out these two articles and bills - both emerging within the same time frame and from the same state, Missouri - as being indicative of a trend, and a trend not confined to Texas alone. When one considers these moves together, it is clear that not only is there a "deep state" at the federal level, but that there are "deep states" at the state level, and that these in turn are pursuing policies that de facto are at variance with that at the federal level, and that these policies are, moreover, consistent with the eventual establishment of institutions entirely bypassing the central or general authority.
In short, it is a trend that is no longer deniable, whether that trend issues in "election denial" or more hardened legislation and policy at the state level.
And that means, in short, that we're approaching a Rubicon, a line that will eventually be crossed. I strongly suspect that line - as I outlined recently with Catherine Fitts - will be the realization that federal spending and budget processes are wildly out of control and egregiously unconstitutional. At that point, expect the states to start a tax revolt and begin to escrow federal taxes. After all, there are already disturbing signs that all that money going to the Ukraine is being laundered back in a variety of creative ways...
... think FTX, folks.
The bottom line that I want to get across here is that one can expect more of this trend from the states, not less, and for this trend to only increase the more the Swamp doubles down on Globalooneyism and foreign misadventures like the Ukraine, and I do not think it will simply be limited to legislation, nor even to states-backed tax revolts which at this stage I suspect are an inevitability. I also suspect we will see actual emergence of state-international economic and financial policy to accomplish what the Swamp - recent host to Mr. Zelensky and his t-shirt - cannot: namely, reining in the theater and accomplishing something practical and positive for this country, and not a dubious foreign "leader". We've already seen such policy attempts before, and once again, from Texas, when that state's Governor, Mr. Abbot, tried to woo the NASDAQ data centers away from New York and New Jersey to Dallas. That is more or less the equivalent of moving the exchange itself away from the region typically associated with equities and securities markets. Watch for more of that too, and if they won't be wooed to leave their traditional homes, watch for new exchanges to start up over time.... After all, when you start state bullion depositories, you also start state markets for those commodities.
The final trend to watch for is the continued growth of the use of cash, and I suspect in tandem with this, the growth of local currencies.
In short, this year is I suspect the beginning of many long-term trends that will only grow in proportion as Mr. Globalooney continues to double down in his disastrous policies.
See you on the flip side...
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I think the U.S. has already crossed the Rubicon — at least in the hearts and minds of a substantial proportion of its citizens — and that there’s probably no going back. Whether or not that’s true, the overall message of this blog post is right on target: expect more pushback from the states.
The biggest obstacle (aside from the threat of outright force) is all the federal money that, directly or indirectly, props up so much of the country’s economy. A state that can replace the federal cashflow with something else has a real chance at autonomy. Could all the bullion-related moves and laws have something to do with that?
After the Bronze Age, when the tribe of Juda broke the law, and went full “Swampington”, then secession became necessary, and the northern ten tribes seceded.
The ‘Anti-Commandeering Doctrine’ can be used as an argument, for the ten tribes to secede, away from the Israelite union of tribes.
The court case of the ‘Ten Tribes vs. Juda’ is the primary moot point, and definitely the best biblical precedence for secession.
It is particularly interesting, because that court case evolved into the runes, in the 1st century BC, as a result of Scythian encounter with Rome.
Money: a medium of exchange; a standard of deferred payment; a store of wealth; a measure of value.
A lot of things could fill those roles.
The gold stock – nobody knows what the above ground gold stock is. There might be a lot more than generally understood. For example, a vast amount was taken from the Japanese who had looted it from the parts of Asia they overran in ww2, much of it transferred to and hidden in the Phillipines, then extracted by US operatives. Could the gold stock be 20, 30 pct or larger, than currently thought?
Current gold mining adds 2 or 3 pct per year. That’s inflationary. What about technological advances that might allow retrieving gold from sea water, or the advent of some atomic chemistry form of alchemy?
How will anyone know what a given state vault actually holds? There hasn’t been a credible audit of US gold reserves in decades. Fort Knox US Treasury stocks? Federal Reserve stocks?
I have to mention that in the absence of people “believing” in gold, it would probably drop to a per USD level comparable to silver, largely based on its industrial usage value.
The only thing I can think of that’s useful for state bullion reserves is to back a state currency, the value of which would then fluctuate with gold prices, inviting manipulation. That takes time, money for acquisition, money for storage facilities, security. There would be built in opposition from people who look at gold monetarism as a step backwards.
What about state digital currencies? New York could have an “Albany”; California a “Sacramento”; etc.
It would create a greater identity of citizens with their state, county, city, versus the eastern seaboard cesspool we are increasingly being afflicted by.
Some states would abuse their home currencies, inflating, and as that become (quickly) known, their exchange value with other states would fall.
Some states would allow invasion of their citizens’ economic-financial privacy through their digital records, as that became known elected and appointed offenders could be dealt with, the situation corrected, or migration of people who valued such privacy would occur to better run states. Instead of credit cards and credit card companies, a closer to home less predatory state level system.
As people exchanged their Federal dollars for their state currency, the states would accumulate large stocks of USD currency, which would give them leverage in negotiations with Washington over future financial arrangements between the states and Washington.
Gold is ok for giving your wife or girfriend nice looking weighty stuff they can show off, but as: a medium of exchange; a standard of deferred payment; a store of wealth; a measure of value…… ? Not.
The most recent massive secession in all history[known] was the coming apart of the Soviet Union.
Until the 20th century, the American revolution represented to only successful attempt at secession from the British Empire.
America, you could say, “Was founded on the right of secession.”.
1. Breaking up a union is not the same, as establishing individual autonomy.
2. Breaking up a family is not the same, as an individual reaching legal age.
3. The fall of the Soviet Union was a tragedy, because law and order collapsed.
That is, to stick it, to Big Chief Swamp. Sounds like good poetry to me, in the teepee powwow.
To outlaw federation, is to secede by another name, circumscribing an unrestrained Occam’s Razor.
Chief Seattle circumscribes his own horizon, by reining in Big Chief Swamp, in bilateral dual sovereignty.
Lasso around the moon!
The push back is a start, now let’s push the globalists over the 10,000 foot cliff.
Better late than never. Alberta is known as Canada’s Texas. The province of Alberta and the state of Texas have more in common than not, oil/gas and beef ranching. Both still have cowboys too!
A similar act is on it’s way in the province of Saskatchewan, an oil/gas and world bread basket province.