If you're a regular reader of this website, you already know that one of the stories we've been tracking over the past few years is the growing movement among the several states to push back against the vipers' nest in Swampington DC which has in recent years become nothing more than the local center of a vast family grift and influence pedaling operation. This push back is coming increasingly in many forms, including the recent nullification laws passed in various state legislatures. But the movement which has most captured our attention on this website is the growing movement among states to pass resolutions recognizing "constitutional money" as legitimate and legal tender, i.e., to recognize bullion as a form of money.

This movement then grew to a movement - begun by Texas - to start state bullion depositories, a movement which has spread to Utah, Tennessee, and now, for another attempt, to Oklahoma(many thanks to all of you who shared this story):

While I see some dangers to this movement (we'll return to those in a moment), for the most part I've tended to view these moves as the real and inevitable signs of the eventual decline and fall of the American/Swamington empire, i.e., of a central bank warfare-welfare model that the citizens of the country have been coerced into maintaining, but which they do not want. That empire is indeed crumbling, for its backing was effectively the US military, which now has a long and proven track record of not being able to win a war.  Indeed, if one goes back in history, the only war which the US military has been able to clearly and unequivocally win was the Spanish-American War. World War One? Nope: we had considerable help from Russia, France, Italy, Japan, and the United Kingdom. World War Two? Nope: same story, sans Italy and Japan. Korea? That could hardly be called a win. Vietnam? We all know - and some of us remember - how that ended, with US helicopters fleeing from the rooftop of the embassy in Saigon.  Desert Storm or Iraq I? Well, military one could argue that it was a success against a second-rate regional power, but a failure in that there was little change. Afghanistan? That was nothing but Saigon, version 2.0. Prior to the Spanish American War, the only other clear victory was the Union, and in that case, the US was largely fighting itself, and in the form of a vastly outnumbered and outproduced enemy (the Confederacy).

In short, if the backing of a financial system is  a military that cannot win anything with a proven record of not being able to do so , the financial system is not long for the world, and the states are taking the practical steps to realize that fact, and preserve their sovereignty. State bullion depositories, in the eventuality that states have to issue their own currencies to maintain economic and financial activity, would be able to function as clearing houses between states, and eventually be able to give rise not just to local currencies, but regional ones with clearing arrangements.

But before we return to the dangers, consider now the implications of the following story (again, courtesy of many of you) from the state of Wyoming:

Wyoming Senate Votes to Hold, Invest, and Receive Tax Payments in Gold and Silver

In other words, Wyoming, if the bill passes, would become the first state to accept actual specie in formal payment of state taxes. This would require, of course, its own bullion depository, but also a mechanism to determine how the value of such bullion is measured at the time of payment; in this respect, notice what the bill states:

In specific terms, the bill requires the Wyoming treasurer to implement the Wyoming Legal Tender Act by:

(i)  Authorizing the use of specie and specie legal tender for the payment of mineral taxes, subject to authentication procedures as determined by the state treasurer that are consistent with precious metals industry standards;

(ii)  Determining, maintaining and publishing market-based exchange rates between specie, specie legal tender and other legal tender currencies on a real‑time basis on the website of the state treasurer for the purpose of calculating tax payments to or from the state.

(iii)  Exchanging specie and specie legal tender for other legal tender currencies;

(iv)  Holding specie and specie legal tender;

(v)  If market conditions warrant, investing in precious metal leases or bonds payable in precious metals. (Italicized emphasis added)

It's the second and last of these provisions that interest me, and set off mild alarm bells, for if you've also been tracking the "bearer bonds scandals" with me, you'll be aware that there is (1)a vast and hidden bond market based on (2)manipulated data concerning the amount of bullion (and particularly gold bullion) in the word, which in turn allows for (3) the existence of a paper securities market based on manipulated bullion figures.  The way around this difficulty is shown by point four in the bill: actual physical possession of the bullion and/or specie, and the basing of any bonds upon that actual physical posession.

Wyoming gets it, in other words, and in "getting it" is highlighting a danger that might be lurking in the states bullion depository fever, and that is, that Mr. Globaloony might attempt to get his central bank digital "currency" bamboozle accepted by coupling it to state bullion depositories, and to "bullion backing", a "backing" that will evaporate as soon as one tries to exchange the blip for the bullion, and to spend the latter.   In other words, the states are waking up, and are sensing where the Swamp is headed, and Mr. Globaloony will have to respond by getting a grip on that growing revolt.  Beware such schemes to tie the constitutional money revolt to any scheme of "digital 'currency.'"

See you on the flip side...

Joseph P. Farrell

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".

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  1. marcos toledo on February 10, 2023 at 8:06 pm

    I would trace the problem to the failure of the USA to the Revolution when Arnold and Montgomery were defeated in their Canadian Campaign all the USA got was a pseudo-independence so long as Canada exists the USA and all the Americas will never be free. The US military has been used to flip the tables in Europe’s tribal conflicts and shore up its crime syndicates around the World. JANARARIES so to speak of these planetary criminals.

    • anakephalaiosis on February 10, 2023 at 10:33 pm

      Benedict Arnold’s side-switching is indicative of factional discontent, at the Jesuit-controlled Freemasonic “dormitory” in America.

      Swampington’s revolution, that architects an American superstructure, in wake of the Illuminati convention in 1776, is undercover popeism.

      Freemasonic Janissaries have their apron ceremoniously removed, to symbolise circumcision, into the Roman Catholic mafia.

      American freedom is – and has always been – about going native, to transcend natural tribal redemption, becoming a wooden Indian.

  2. FiatLux on February 10, 2023 at 2:26 pm

    The possibility that bullion could be used as a clearing mechanism between U.S. states never occurred to me… An excellent point!

    Whatever becomes of bullion depositories, the real story here is not the bullion, but the revolt — in its increasingly varied and numerous forms — against the federal government by the states. A most welcome development, in this American’s estimation.

  3. ragiza on February 10, 2023 at 1:37 pm

    From 1980 to 2001 gold fell about 80 pct, in terms of USD – over that time the US money supply increased considerably.
    Would US states building up savings stockpiles of it in 1980 have been a good idea?
    In recent years, various central banks have been adding to their stockpiles, but gold hasn’t done much except be volatile.
    If gold was priced for its industrial value, it would be priced around silver.
    The basic idea is to save in something that will keep its value better than fiat currency.
    Uranium? Copper? Guano deposits?

    • FiatLux on February 10, 2023 at 2:43 pm

      I think the dollar’s value during 1980-2001 was supported by U.S. financial, naval, and satellite(?) hegemony. If so, that hegemony would’ve allowed the U.S. and London to control the dollar/gold exchange rate, through market manipulation, threat of force, etc. Russia and China weren’t nearly the economic or military competitors they are today. My sense is that the dollar price of gold had nothing to do with (non-manipulated) market forces, the strength or the U.S. economy, or any intrinsic value of gold. We’re in a very different world today.

      • ragiza on February 10, 2023 at 4:40 pm

        Over the last few years, gold HAS BEEN rising in price in many non-US currencies. The strong USD has happened because the US has had *relatively* high interest rates, and trade has been slow to abandon the US reserve currency because there isn’t a good replacement.

        The US led west is basically under the command of a criminal cabal of ultra-rich bankers and manipulators, and its normal to hope and expect that they will be destroyed at some point, but it doesn’t look like they will.

        The replacement for the semi-criminal US led west are two states with their own serious demographic, economic and internal political problems. Russia can barely militarily cope with a corrupt bunch of Jewish led nazis on its front porch; China is in the process of losing its US and western Europe consumer markets.

        The point of creating this murderous Ukraine-Russia war wasn’t for Ukraine to wreck Russia, it was to make countries on the European peninsula fear-hate Russia (and China), to start isolating them, start re-arming, and to remember who it is they really depend on. And then some point decades in the future, wreck China and Russia from the inside out.

        I think the arch-criminals are so far making it work.

        • anakephalaiosis on February 10, 2023 at 9:20 pm

          The beast in the Holy Writ is an imperial snake, wriggling through history, shedding its skin, morphing from Assyro-Babylonian into Greco-Roman.

          The ancient evil is depicted, as a snake in the garden, anthropomorphised as Cain, and it is named Moloch, in its oldest known form.

          The ancient evil has stolen the identity of those, who threaten it the most, because it fears the nonverbal Holy Grail conclusion, that serves the brew.

          An empty sack cannot stand upright, and the imperial currency needs fiat infallibility, otherwise papacy is doomed.

        • james11 on February 12, 2023 at 2:05 pm

          Black Rock = Black Eagle

  4. Robert Barricklow on February 10, 2023 at 11:59 am

    Definitely Gold must be physical.
    There’s real gold and “paper” gold.
    When the proverbial it hits the fan;
    it’s the physical gold/silver that saves the day.

    If the State does it right;
    its a start in the right direction.

    DC is just bidding time;
    until the rats abandon,
    the ship of state.

  5. anakephalaiosis on February 10, 2023 at 9:52 am

    ‘Elohim-Yahweh’ is a cleverly crafted construction in the Bronze Age, and due to its premeditated unambiguity, it is carefully avoided by the Vatican.

    Because, the Vatican can only exist in the vacuum of ambiguity, and therefore fiat infallibility becomes necessary, to prevent the black heart of empire from collapsing.

    The ‘Persian Gulf Token’ will be an interesting experiment, outside the Roman Catholic fiat consecration, when returning to a Scythian-Persian proposition, against the Assyro-Babylonian and Greco-Roman imperial fiat construction.

    Bartering in Astrakhan is returning to the basics, when Russia and Iran begin trading outside SWIFT, applying modern technology.

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