We're joined on today's broadcast by Kevin Freeman from the economic war room to discuss economic and currency wars. We're talking about the legislation Texas has introduced to make gold and silver legal tender in Texas; Kevin explains what Glint is and how it works, what's a gold bullion repository, and more! Make your voice heard and check out economicwarroom.com/gold ! Podcast Episode 953: As Dollar Collapses Texas Gets Ready To Print It’s Own Currency! | don’t miss this! Listen to more episodes of the Lance Wallnau Show at lancewallnau.com/podcast
Missouri SB100 is the one to copy:
https://www.senate.mo.gov/23info/BTS_Web/Bill.aspx?SessionType=R&BillID=44521
One big issue with the gold/silver market is the premium over the spot price, which discourages people from buying physical metals when it’s cheaper to just trade “the paper” (futures market). The Missouri bill addresses that problem. It also addresses the real problem of CBDCs.
“The act also prohibits public entities from requiring payment in the form of any digital currency”: This is important because if it’s digital, it can be monitored and controlled. True bearer assets are not digitized. Thus, there is no point-of-sale (POS) system involved.
See https://www.georgegammon.com/heres-how-theyll-implement-a-cbdc-without-you-knowing/
Watch George Gammon a while and you’ll see where big names like Glen Beck get their information, from R. Kiyosaki and his circle, which includes the real deep thinkers like George Gammon.
Adding my other 2 cents worth. I have seen many attempts at systems that use real assets as a backing, and there are 2 main problems with them:
First, I believe any system that acknowledges only one form of money will be inherently corrupt, no matter what’s backing it. Why do we have to price everything in fiat currency? Why can’t a pig be valued as a pig and an ounce of gold as an ounce of gold, etc.?
Second, even when you use cryptos as payment, it’s not the actual crypto the merchant is accepting. There’s a conversion to fiat currency going on via the payment processing system. So you must have dollar liquidity for the system to function. Therefore, it’s not really a separate system, but just another arm of the current fiat system, one where the real winner is the money changer.
We have to quit thinking of things in terms of how many dollars they’re worth before we can hope to create a truly separate currency system.
If The value of the dollar is going down. Where is the capital value gain.