Texas Legalizes Gold & Silver for Daily Use in Bold Financial Shift

Gesara.news » News » Texas Legalizes Gold & Silver for Daily Use in Bold Financial Shift

Share via:

News Date: April 7, 2023

🏆 June 29, 2025: Texas has officially recognized gold and silver as legal tender for everyday transactions. Governor Greg Abbott signed the groundbreaking law, making Texas the first state to enable routine payments using precious metals via the Texas Bullion Depository. The move introduces a state-backed digital currency tied to physical gold and silver, offering Texans an alternative to fiat money and signaling a broader push for financial autonomy and innovation.
May 28, 2025: 🏛️ C.S.H.B. 1056 is a revised bill that updates existing law to officially recognize gold and silver specie as legal tender in Texas. It also lays the foundation for creating a transactional currency backed by physical gold and silver.🥇🥈
November 22, 2024: Texas State Representative Mark Dorazio filed House Bill 1049 and House Bill 1056 on November 12, to create gold and silver-backed transactional currencies.
Original news:
Texas Lawmakers Introduce Bills to Create Digital Currency Backed by Gold.
The comptroller shall establish a digital currency that is backed by gold so that each unit of the digital currency issued represents a particular fraction of a troy ounce of gold held in trust as provided by this chapter.
Source: capitol.texas.gov

New Dollar Backed by Gold Coming This October 2020?

The rumor, and big fear, is that the IMF may opt to remove the US from the global SDR basket, effectively reducing the US's veto rights from the world stage. SDRs would then be a step closer to replacing the greenback as the world's reserve currency.
With the IMF attempting to pull off a fiscal reckoning minus the US dollar, President Trump may pull off a global reckoning of his own, by issuing US Treasury Notes backed by gold.
Source: gsiexchange.com

Iraq is working on issuing a digital currency and deleting zeros from the dinar

Central Bank of Iraq: We are working on issuing a digital currency and deleting zeros from the dinar requires an atmosphere.
The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheef, said on Tuesday that the bank is working on issuing digital currency to keep pace with the development of monetary transactions in the region and the world, stressing that deleting zeros from the local currency requires a calm economic atmosphere for that.
Sources: search4dinar

Suppressed technologies patents pending release

Most of the listed technology areas are closely related to military applications. But some of them range more widely like Energy conversion systems, being subject to secrecy orders detrimental to the national security.
The current list of technology areas that is used to screen patent applications for possible restriction under the Invention Secrecy Act is not publicly available and has been denied under the Freedom of Information Act.
Source:fas.org

FedNow alongside private sector Service

Fed announces details of the FedNow interbank service.
The FedNow Service will be available to banks in the United States and will enable individuals and businesses to send instant payments any time of day, any day of the year through their bank accounts.
The target launch date for the service remains 2023 or 2024, with a more specific time frame to be announced after additional work is completed.
The FedNow Service, alongside similar services provided by the private sector, will modernize the U.S. payment system and bring the benefits of instant payments broadly to communities across the country.
Sources:www.federalreserve.gov

Trump Vows to make America richer and stronger

Donald Trump delivered a major economic speech in New York City, outlining plans to reduce the corporate tax rate to 15% and establish a "government efficiency commission" headed by Elon Musk.
He vowed to "make America richer and stronger" if elected in November.
The announcement was made during an address to The Economic Club of New York.
"I am promising low taxes, low regulations, low energy costs, low interest rates, secure borders, low low, low crime and surging incomes for citizens of every race, religion, color and creed, My plan will rapidly defeat inflation, quickly bring down prices and reignite explosive economic growth," Trump said.