Posted BY: | NwoReport
Texas lawmakers are considering setting up a Texas digital currency backed by gold.
Senate Bill 2334 filed in the state legislature would allow the comptroller to establish a digital currency that is fully backed by gold and fully redeemable in cash or gold. A similar bill was filed in the Texas House.
“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,” the bills said, adding that once someone buys the digital currency, the comptroller would use the purchased amount to “buy a fractional number of troy ounces of gold equal to the number of units of the digital currency issued to the purchaser.”
People could redeem the digital currency for gold or cash, and electronically send it to someone else.
The comptroller would also work to ensure the security of the digital currency and prevent fraud. All gold reserves backing the digital currency would be held in a trust with the Texas Bullion Depository.
The digital currency bill is just one of several bills filed in the Texas legislature relating to cryptocurrency. Other bills have been filed to aid in crypto mining and to officially welcome the Bitcoin economy to the state.
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Via https://nworeport.me/texas-bill-could-create-state-issued-digital-currency-backed-by-gold/
But gold is not securing a digital currency enough though. The issue with power failure still remain. If there are no electricity available, digital currencies are practically worthless. It might even be difficult to prove that one have any money at all (which is related to Agenda 2030 …). Not to forget, in the end, there are no such thing as security regarding Internet related stuff …
Related, Denmark have included in their EU membership terms, that they are not required to join the EMU a.k.a Euro-zone. Still, EU have stated that all members states must join before the end of 2025. No exceptions, as I have understood … In 2003, a referendum in Sweden resulted in keeping the [Swe] Krona. What few are aware about, it that referendums in Sweden are only advisory, not decision-making, so … Some month ago, some Swedish politicians started to talk about it’s time to switch to “eKrona”, making bills and coins obsolete. What they didn’t say, was that the transition to “eEuro” is much easier, as EU have been talking about the same thing regarding the Euro. The noose is tightening …
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Wow, I had no idea that all EU members are required to join the Euro by 2025. I suspect that will lead to a number of departures. I think the UK made an excellent decision to leave when they did. Referendums are also non-binding here in New Zealand, which is extremely frustrating.
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