Texas is paranoid about the gubbmint grabbing their precious, so they pay $1 million/year to have it stored by a private firm. The Feds would charge them $3250/year. Now they finally got a little wiser and want to store the gold themselves. Only they haven’t the faintest idea how to do it. It’s like hiring the 3 Stooges to build a skyscraper.
I’ll store it for them for 300 grand a year. I already have a shovel and a back yard.
I’m confused (not surprising, given the topic). I got the impression from the other thread that what they wanted was “repatriation” of their share of the US gold reserve? Or is it both?
True, but this is especially incoherent. Some are saying that she appears to be drunk.

True, but this is especially incoherent. Some are saying that she appears to be drunk.
This is like a year old, right? I think we did this one before.

This is like a year old, right? I think we did this one before.
First time I’ve seen it. Sorry. I don’t keep notes on everything that’s ever been posted on the dope and some things are difficult to search for.
Originally Posted by silenus View Post
Further news on Texas taking their gold back.They want it brought back to Texas because Obama might seize it or something, but forgot to mention in the bill: where the new depository would be, how it would be built, who would be in charge of it, funding for doing anything about it, etc.
I would truly love to see these maroons in charge of “Texas, the Country.” It would make the funniest TV show ever. Too bad it would only run a couple of weeks.
Originally Posted by Reyemile View Post
If I were Obama, I’d order the Federal Reserve to drop the gold off at the Texas Statehouse doorstep.

Before this gets out of hand, the Federal Reserve is not holding the Texas University System endowment gold bars. It’s being stored by HSBC, a bank. And Texas is paying over $1 million a year for storage fees. The Fed would only charge a few $thousand.
Haven’t we had this discussion before?
Didn’t I suggest that HSBC might be offering something more in terms of custody / clearing services than the FRB to make their fees (somewhat) worthwhile?
BTW, $1 million/year would be cheap in comparison with starting up a vault and paying staff to run it.
Unless, one of those FEMA prison camps with already built in tunnels becomes available.
Walker office already acts as if records exemption is law
Madison— Gov. Scott Walker announced over the weekend that Republicans were abandoning their plan to create new exceptions to the state’s open records law, but for months the all-but-certain presidential candidate has been operating as if one exemption already was in place.
Two months ago, Walker declined to release records related to his proposal to rewrite the University of Wisconsin System’s mission statement and erase the Wisconsin Idea from state law. He argued he didn’t have to provide those records to the Milwaukee Journal Sentinel and others because they were part of his office’s internal deliberations.
The Progressive magazine and the liberal Center for Media and Democracy sued Walker over those denials. The cases have been combined, and the litigation is pending in Dane County Circuit Court.
On Thursday, Republicans on the Legislature’s Joint Finance Committee abruptly introduced and passed new exemptions to the open records law — including a broad provision that would explicitly create an exception for “deliberative materials.” Such an exception would make it impossible for the public to see how state, local and school officials made their decisions.
This clown wants to be president? No way.

I’m confused (not surprising, given the topic). I got the impression from the other thread that what they wanted was “repatriation” of their share of the US gold reserve? Or is it both?
What they are after is the $1 billion in gold bullion held by the University of Texas Endowment. Second largest endowment after Harvard.

I’ll store it for them for 300 grand a year. I already have a shovel and a back yard.
I’ll do it for $200k/yr. I have a cave and a dragon. (OK, actually I live on the Gulf of Mexico and can rent a boat . . . just mark the spot and what difference does it make?)
Rand Paul says 50% tax means 50% slavery. Really.

The idiot who sponsored this bill was unsuccessful in his first try, during the previous session. Because building & maintaining a secure facility would have been too expensive.
This time, all that stuff was omitted from the bill. Things will be handled with a combination of “outsourcing” & “leased space” (from a previous article on the subject).
What could possibly go wrong?
The UN should offer to watch over it. Just to cause a Kingsmen-like rapid-fire series of heads 'sploding.

This is like a year old, right? I think we did this one before.
Have you any evidence that she’s sobered up since then?

Rand Paul says 50% tax means 50% slavery. Really.
Since I’m in the 25% marginal tax rate, at least I’m more than 3/5ths of a person. Man, what a stupid, tone-deaf argument. Republicans love calling things “akin to slavery” these days, don’t they?
As a side note, I watched a video on China’s “gutter oil” problem, where street vendors and low-end restaurants cook their food in carcinogenic bio-oils that are literally dredged from the gutters and sewers. One funny comment: “Dear Libertarians: this is how a totally free market actually works.” That only tangentially applies to Rand Paul’s philosophy but it made me laugh (and I don’t know where else to share that anecdote), so there you go.

Since I’m in the 25% marginal tax rate, at least I’m more than 3/5ths of a person. Man, what a stupid, tone-deaf argument. Republicans love calling things “akin to slavery” these days, don’t they?
But then they tell us slavery wasn’t so bad, so I guess taxation is just fine.

Rand Paul says 50% tax means 50% slavery. Really.
What an offensive simile. It’s really closer to 50% rape.
Trump releases three page statement “clarifying” his thoughts on Mexico.. Highlights include “tremendous infectious disease is pouring across the border” and “I would be the best jobs President God ever created.”
My favorite part is the conspiracy between the Mexican Government, Univision and Hilary Clinton to, not only allow rapists, criminals and diseased people to cross the border but this conspiracy goes deeper-- trying to defame The Donald himself.

My favorite part is the conspiracy between the Mexican Government, Univision and Hilary Clinton to, not only allow rapists, criminals and diseased people to cross the border but this conspiracy goes deeper-- trying to defame The Donald himself.
I live in Paris, yet I can see his ego from my window. And all my windows face east.
[QUOTE=Biggirl]
Highlights include “tremendous infectious disease is pouring across the border” and “I would be the best jobs President God ever created.”
[/QUOTE]
(My bold)
I had hoped that was a humorous paraphrase of Trump’s actual words. But nope! Those were his exact words.
At least we have one more White House Correspondents’ Dinner left when Obama can publicly humiliate Trump. Those were such good fun they almost made it worthwhile to put up with Trump’s idiocy.