Texas Moves To Repatriate Its Gold From The Federal Reserve

Texas moves to repatriate its Gold from the Federal Reserve deciding that it is better to have possession of the physical gold rather than just the certificates.

Call it the Rick Perry gold rush: The governor wants to bring the state’s gold reserves back from a New York vault to Texas. And he may have legislative support to do it. Freshman Rep. Giovanni Capriglione, R-Southlake, is carrying a bill that would establish the Texas Bullion Depository, a secure state-based bank to house $1 billion worth of gold bars owned by the University of Texas Investment Management Co., or UTIMCO, and stored by the Federal Reserve. The idea isn’t entirely new.

Some Republicans worked on a gold bill last session that was never filed. And gold-standard-backing Ron Paul, the former Lake Jackson congressman, has raised repeated concerns about the safety of states’ gold supplies.

“If you think gold is a hedge, or a protection, you always want it as close to the individual and the entity as possible,” Paul told The Texas Tribune on Thursday. “Texas is better served if it knows exactly where the gold is rather than depending on the security of the Federal Reserve.” Bringing Texas’ gold home has gained traction this session because of Perry’s vocal support.

On conservative radio host Glenn Beck’s show Tuesday, the governor said Texas is “in the process” — the legislative process, he later clarified — of “bring

ing gold that belongs to the state of Texas back into the state.” He argued that the state is at least as capable as the Federal Reserve of safeguarding Texas’ “physical gold.”

“If we own it,” Perry said, “I will suggest to you that that’s not someone else’s determination whether we can take possession of it back or not.”

Obama Trys to Stop Texas Execution of Mexican National

Texas executes a Mexican National convicted of Murder after the Supreme Court turned down an appeal by Obama and the Mexican Government to spare him.

Humberto Leal, a Mexican National illegally living in this Country since he was a young boy, was convicted of murder and sentenced to death for the 1994 murder of 16-year-old Adria Sauceda, whose brutalized nude body was found hours after he left a San Antonio street party with her. She was bludgeoned with a chunk of asphalt.

Just before the execution, Leal admitted his guilt then yelled "One more thing," he said as the lethal drugs began taking effect,...Then he shouted twice, "Viva Mexico!"

Really inconceivable that President Obama would go to bat for a convicted murder until you look at the long held Democratic use of race,..in this case Hispanics, too further their goals of sucking up to various special interest groups to sway voters.

The Obama administration and the Mexican Government, in other words that low life Calderon, had asked the U.S. Supreme Court to delay Leal's execution so Congress could consider a law that would require court reviews in cases where condemned foreign nationals did not receive help from their consulates. They said the case could affect not only foreigners in the U.S. but Americans detained in other countries. The court rejected the request 5-4. Its five more conservative justices doubted that executing Leal would cause grave international consequences, and doubted "that it is ever appropriate to stay a lower court judgment in light of un-enacted legislation."

What Obama and his cohorts failed to comprehend is that new legislation enacted now cannot be retro-actively applied. What are they thinking? I know what Obama is thinking,...that the law doesn't apply to him. But I have news for him,...his title is President (and that is temporary - ending in Jan 2013),...his title is not King like he thinks it is.

Mexico's foreign ministry obvious condemned Leal's execution and have long complained about Capital Punishment in the U.S. Seems to me that Mexico could use a little capital punishment, especially for the murderous Cartels members who routinely kill people each and everyday in Mexico.

Adria Sauceda's mother, Rachel Terry, told San Antonio television station KSAT her family already had suffered too long. "A technicality doesn't give anyone a right to come to this country and rape, torture and murder anyone," she said.

Yes Ma'am, you're right and that's the way Texas saw it as well. Oh, one more thing........Viva Texas!.....and Justice to Murderers.

Obama and his Immigration Agenda

Obama's Hypocritical Rhetoric on Immigration Reform - Townhall Columnist, Michael Barone's take on Obama's recent speech in El Paso, Texas.

Barack Obama's immigration speech in El Paso May 10 was an exercise in electioneering and hypocrisy. Hypocrisy because while Obama complained about "politicians" blocking comprehensive immigration bills, he was one of them himself.

In 2007, when such a bill was backed by a lame duck Republican president and had bipartisan backing from Senate heavyweights Edward Kennedy and Jon Kyl, Sen. Obama voted for union-backed amendments that Kennedy and Kyl opposed as bill-killers.

In 2009 and 2010, President Obama acquiesced in Speaker Nancy Pelosi's decision to pass cap-and-trade and bypass immigration and in Senate Majority Leader Harry Reid's decision not to bring an immigration bill to the floor.

Both times the votes were probably there to pass a bill. Obama did not lift a finger to help.

But that did not stop the president who is constantly calling for civility to heap scorn on those who seek stronger enforcement. "They'll want a higher fence. Maybe they'll need a moat," he said to laughter from the largely Latino audience. "Maybe they'll want alligators in the moat. They'll never be satisfied."

Cowboy's comment: Unbelievable! You want to satifsy us?? ENFORCE THE LAW!!

Was that (Obama's comments) on the teleprompter, or was it ad-libbed? In either case, Obama was showing his contempt for those who bitterly cling to the idea that the law should be enforced.

Cowboy's comment: Obama's arrogance showing true again.

That's no way to assemble the bipartisan coalition necessary to pass an immigration bill.

It's obvious that nothing like the legalization (opponents say "amnesty") provisions considered in 2007 can pass in this Congress. They can never pass the Republican House, where Judiciary Chairman Lamar Smith is a longstanding opponent and Speaker John Boehner will not schedule a bill not approved in committee.

Nor will this Congress pass the most attractive proposal Obama mentioned, the Dream Act, providing a path to legalization for those brought in illegally as children who enroll in college or serve in the military. That failed last December in a more Democratic Senate and won't pass now.

Some new approach is needed, and Obama did little to point the way. One idea, advanced by a bipartisan Brookings Institution panel, is a bill that would strengthen enforcement and would shift the U.S. away from low-skill and toward high-skill immigration.

Canada and Australia have done this to their great benefit. And with a sluggish economy it makes little sense, as current law does, to give preference to low-skill siblings of minimum wage workers rather than to engineering and science Ph.D.s. We need more job creators, not more job seekers.

Cowboy Humor - Obama was not raised in Texas

We all know Obama was NOT raised in Texas. He was raised in,.....hell, was it Hawaii?....no,...it was Indonesia?,....maybe Kenya?......well anyway, it was not Texas that's for sure.