The State of Texas is setting up a gold-backed bank that will allow depositors to bypass the controversial Federal Reserve System and its fiat currency in banking and commerce, according to the state representative who authored the recently enacted law.
As part of what experts call a war on tax competition and low taxes, a coalition of high-tax governments from around the world is working to erect a radical new planetary taxation regime that would crush what remains of financial privacy and national sovereignty while seriously harming the global economy. The controversial plot, led by the Organization for Economic Cooperation and Development (OECD) and the G-20 group of governments and dictators, is already encountering opposition from lawmakers, industry, and liberty-minded non-profit organizations. However, with the Obama Treasury Department and other key players apparently already on board with the anti-tax-competition scheming, opponents are warning that Congress must get involved if the plan is to be stopped. Some critics say it is time to end U.S. funding for the “destructive” OECD, too.
Is there gold at Fort Knox? Has the Federal Reserve sold it in order to manipulate the economy? An audit might answer these questions.
In its just-released report “The 2015 Long-Term Budget Outlook,” the Congressional Budget Office stated bluntly that the long-term outlook for the federal budget has worsened dramatically.