A couple of weeks ago, I appeared on “An Economy Of One” podcast to discuss the new Texas gold depository.
Gary Rathbun and I discussed two important impacts the Texas depository will have. First, by controlling its own gold stores, it provides the state greater economic independence and autonomy. Second, it opens the door for Texans to transact business without using dollars undermining the Federal Reserve’s monopoly on money. As I explain to Gary, if enough states follow suit, it could ultimately nullify the Fed.
Listen HERE starting at the 19:30 mark.
Michael Maharrey [send him email] is the Communications Director for the Tenth Amendment Center. He is from the original home of the Principles of '98 - Kentucky and currently resides in northern Florida. See his blog archive here and his article archive here.He is the author of the book, Our Last Hope: Rediscovering the Lost Path to Liberty., and Constitution Owner's Manual. You can visit his personal website at MichaelMaharrey.com and like him on Facebook HERE
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