Texas Greenlights Gold And Silver As Legal Tender
Thanks, 19th
The planet’s eighth largest economy (excl. US, incl. CA) makes another move toward sound currency. “[Texas] House Bill 1056, cleared by both chambers in late May, designates properly marked gold and silver ‘specie’ as legal tender in the Lone Star State starting September 1, 2026. A second phase – launching no later than May 1, 2027—authorizes an electronic payment rail fully backed by bullion stored in the Texas Bullion Depository.”
And not a moment too soon. “Fifty years after Nixon defaulted on gold convertibility, the dollar faces a new reckoning. But this time, there’s no Saudi oil deal, no Volcker rate hike, and no geopolitical consensus to save it. The DXY just posted its worst start to the year since 1973. Central banks are ditching Treasurys for gold. And BRICS nations are building
Article from LewRockwell
LewRockwell.com is a libertarian website that publishes articles, essays, and blog posts advocating for minimal government, free markets, and individual liberty. The site was founded by Lew Rockwell, an American libertarian political commentator, activist, and former congressional staffer. The website often features content that is critical of mainstream politics, state intervention, and foreign policy, among other topics. It is a platform frequently used to disseminate Austrian economics, a school of economic thought that is popular among some libertarians.
