Texas Leads Charge for Gold and Silver Currency
Submitted by MAGA
Posted 4 hours ago
**Revolutionary Currency Move: Texas Paves the Way for Gold and Silver-Backed Transactions**
In a bold legislative move, Texas is taking a decisive step toward reclaiming sound money principles by advancing a bill that would establish a 100 percent gold and silver-backed transactional currency as legal tender in the state.
The Texas House Committee has passed House Bill 1049 (HB1056), sponsored by Rep. Mark Dorazio alongside more than 80 co-authors, with a significant majority. This legislation mandates the Texas Comptroller to issue gold and silver coins, providing Texans with the opportunity to transact using a currency backed by tangible assets rather than the volatile fiat dollars managed by the Federal Reserve.
Under the proposed system, individuals and businesses could utilize gold and silver both physically and electronically, marking a profound transition in how currency can function within the state. By enabling debit transactions that covert gold and silver into fiat currency seamlessly, Texans could shield their purchasing power from the inflationary pressures that plague traditional currency systems.
The historical foundation for such legislation lies in the United States Constitution, which stipulates in Article I, Section 10, that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” The current monetary system, dominated by Federal Reserve Notes, has eroded this foundational principle by allowing unchecked creation of money. Texas’s move serves as a clarion call for a return to sound money and accountability in monetary policy.
Supporters point to the Federal Reserve’s detrimental impact on the economy, facilitating excessive governmental borrowing and spending. The ability to transact in gold and silver-backed currency could create a more stable economic environment, empowering citizens and reducing reliance on an ever-expanding federal bureaucracy.
As the bill heads to a full House vote, it represents more than just a local solution. It symbolizes a growing movement among states to reclaim financial sovereignty and push back against federal monetary policies that threaten individual financial security.
This action echoes a broader, nationwide interest in reexamining the currency system, where states like Texas are asserting their rights to define legal tender as a matter of state law. The implications of such legislation could ripple throughout the nation, inspiring other states to follow suit in establishing a monetary system that aligns more closely with constitutional tenets.
As this significant development unfolds, Texans and advocates for sound money will be watching closely, hoping this effort will not only redefine currency in Texas but also ignite a larger conversation about the future of money in America.
Sources:
blog.tenthamendmentcenter.com
rollcall.com
lite.cnn.com
In a bold legislative move, Texas is taking a decisive step toward reclaiming sound money principles by advancing a bill that would establish a 100 percent gold and silver-backed transactional currency as legal tender in the state.
The Texas House Committee has passed House Bill 1049 (HB1056), sponsored by Rep. Mark Dorazio alongside more than 80 co-authors, with a significant majority. This legislation mandates the Texas Comptroller to issue gold and silver coins, providing Texans with the opportunity to transact using a currency backed by tangible assets rather than the volatile fiat dollars managed by the Federal Reserve.
Under the proposed system, individuals and businesses could utilize gold and silver both physically and electronically, marking a profound transition in how currency can function within the state. By enabling debit transactions that covert gold and silver into fiat currency seamlessly, Texans could shield their purchasing power from the inflationary pressures that plague traditional currency systems.
The historical foundation for such legislation lies in the United States Constitution, which stipulates in Article I, Section 10, that “No State shall…make any Thing but gold and silver Coin a Tender in Payment of Debts.” The current monetary system, dominated by Federal Reserve Notes, has eroded this foundational principle by allowing unchecked creation of money. Texas’s move serves as a clarion call for a return to sound money and accountability in monetary policy.
Supporters point to the Federal Reserve’s detrimental impact on the economy, facilitating excessive governmental borrowing and spending. The ability to transact in gold and silver-backed currency could create a more stable economic environment, empowering citizens and reducing reliance on an ever-expanding federal bureaucracy.
As the bill heads to a full House vote, it represents more than just a local solution. It symbolizes a growing movement among states to reclaim financial sovereignty and push back against federal monetary policies that threaten individual financial security.
This action echoes a broader, nationwide interest in reexamining the currency system, where states like Texas are asserting their rights to define legal tender as a matter of state law. The implications of such legislation could ripple throughout the nation, inspiring other states to follow suit in establishing a monetary system that aligns more closely with constitutional tenets.
As this significant development unfolds, Texans and advocates for sound money will be watching closely, hoping this effort will not only redefine currency in Texas but also ignite a larger conversation about the future of money in America.
Sources:
blog.tenthamendmentcenter.com
rollcall.com
lite.cnn.com
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