Texas folks, don't say we didn't warn you. First you flood, then you ask the Feds for disaster bucks, and now you want all the gold to keep in your new fortified bunkers. Yes, Ron Paul has definitely taken over your state, lock, stock and barrel.
On Friday, Gov. Greg Abbott signed legislation that will create a state-run gold depository in the Lone Star State – one that will attempt to rival those operated by the U.S. government inside Fort Knox and the Federal Reserve Bank of New York’s vault in lower Manhattan. “The Texas Bullion Depository,” Abbott said in a statement, “will become the first state-level facility of its kind in the nation, increasing the security and stability of our gold reserves and keeping taxpayer funds from leaving Texas to pay for fees to store gold in facilities outside our state.” Soon, Abbott’s office said, the state “will repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas.” In other words, when it comes preparing for the currency collapse and financial armeggedon, Abbott's office really seems to think Texas is a whole 'nother country.
The sad part is that any financial armageddon is likely to be the fault of...Texas politicians.