North Carolina Committee Passes 2nd Amendment Financial Privacy Act

The proposed law would ban financial institutions from using a firearms code in connection with a payment card transaction involving a firearm retailer in North Carolina. The bill would also prohibit a financial institution from knowingly maintaining a record of individuals residing in this State who own firearms. They could also not discriminate against any firearms sellers due to a firearms code by imposing different terms or declining lawful card transactions.

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Texas Committee Holds Hearing on Bill to Create 100% Reserve Gold-Backed Digital Currency

The legislation would require the state comptroller to establish a digital currency that is fully backed by gold and fully redeemable in cash or gold as well. The comptroller would also be required to create a mechanism to use this gold-backed digital currency in everyday transactions.

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Using Language to Expand Power

In 1984, George Orwell portrayed in chilling detail how totalitarian governments use the power of language to manipulate the masses. This notion was not unfamiliar to the founders, as James Madison warned that changing definitions of words over time would create “a metamorphosis” that would destroy the original limitations of the Constitution.

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