Texas has been sick of President Obama since he first came to office in 2008. Now, they want to get away from him so badly that they are making moves to secede from the union and become their own nation.
Texas was an independent country from 1836-1845, which is why it is still called “The Lone Star Republic.” According to Conservative Tribune, they just made a huge move to become a Republic once again.
The Texas state legislature just announced that their state’s gold holdings will be kept within their own borders. Texas is the only state that has their own gold stockpile, which includes around 5,600 bars valued at approximately $650 million. The gold is currently housed in an HSBC bank in Manhattan, but thanks to this bill it will be moved to Texas.
Conservatives have rejoiced at the decision as they have lost nearly all faith in the federal government’s economic viability. Many have also cited this as evidence that Texas is considering seceding from the union.
“Just moving it [the gold] would be pretty expensive and, unless Texas is anticipating withdrawing from the Union, which I suspect is some peoples’ want, I don’t see what advantage it is,” said Edwin Truman, a senior fellow at the Washington-based Peterson Institute for International Economics who is also an expert on gold and monetary policy.
The bill was introduced by Rep. Giovanni Capriglione, and when Gov. Greg Abbott signed it, he tweeted, “California may be the golden state, but Texans deserve to keep their gold in-state!”
Economic experts have also applauded Texas’s decision.
“I think Texas is once again showing they’re ahead of the curve,” said James Rickards, author of “The Death of Money: The Coming Collapse of the International Monetary System.”
What do you think about the possibility of Texas seceding from the union? Let us know your thoughts in the comments section.