Texas Committee Passes Bill to Create 100% Reserve Gold and Silver-Backed Transactional Currencies

MAY 3, 2023 BY MICHAEL MAHARREY 0 23

On May 2, a Texas House committee passed a bill to create 100% reserve gold and silver-backed transactional currencies. Enactment of this legislation would create an option for people to conduct business in sound money, set the stage to undermine the Federal Reserve’s monopoly on money, and possibly create a viable alternative to a central bank digital currency (CBDC).

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