In a further sign that everything is going GREAT in the Biden economy, Texas voters will decide on a ballot measure in March that could encourage the state legislature toward authorizing the use of gold and silver as legal tender. Not that there’s anything wrong with the US dollar with Joe Biden in charge!
If Texas voters approve the ballot measure, it would direct the Texas State Comptroller’s office to “administer access to gold and silver through the Texas Bullion Depository for use as legal tender.” That’s probably not a bad idea, considering the fact that Joe Biden’s economic policies have been deliberately turning the US dollar into toilet paper for the past three years.
Russia, China, and other countries in the BRICS alliance are already moving away from using petrodollars as the world’s reserve currency. Not that we’re advising anyone on how to invest their money, but gold and silver are looking like a much better option for preserving your wealth against the inevitable hyperinflation that Joe Biden is pushing us toward.
The Texas ballot proposition won’t be binding, but it will send a strong message to the Texas legislature if it passes. Many of the laws that the Texas legislature has passed in recent years actually started out as ballot measures. Texans, for example, voted overwhelmingly in favor of banning transgender procedures on kids and against teaching critical race theory in schools. Lawmakers later solidified the will of the people by passing those very same laws. (Ballot measures are sort of like authentic public polling in Texas.)
The nice thing about this is that if Texas passes this, other red states are likely to follow suit. It’s inevitable that the dollar is going to eventually crash, since Congress won’t stop spending and Joe Biden doesn’t do anything right. It’s always good to have a backup plan!
