Tenther Tuesday Episode 3: Constitution Day, Surveillance and Sound Money

On this episode of Tenther Tuesday, Mike Maharrey and Michael Boldin discuss the absurdity of the federal celebration “Constitution Day” coming up later this week. There’s more than a little irony in the government passing unconstitutional Constitution Day mandates. Michael and Mike also talk about the latest revelations relating to the ever-more intrusive surveillance state…

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Texas State Gold Depository Another Step Closer To Reality

AUSTIN, Texas (Aug. 18, 2016) – The creation of a state gold depository in Texas represents a power shift away from the federal government to the state, and it provides a blueprint that could ultimately end the Fed. The depository inched closer to reality last month when Texas officials formally called for businesses to submit their…

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Texas Bullion Depository Closer to Becoming a Reality

by Ryan McMaken, originally published at Mises.org. Last year, we covered a story coming out of Texas in which the state government was planning to institute a state-controlled “gold depository” that would allow individuals to store their gold in a presumably safe place outside the United States banking system. This proposition was met with emotionally-charged denunciations…

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Tennessee Governor Signs Resolution in Support of Creating Bullion Depository

NASHVILLE, Tenn. (April 28, 2016) – Yesterday, Tennessee Gov. Bill Haslam signed a resolution setting the stage for creation of state bullion depository, an important first step toward establishing gold and silver as money in the state. Rep. Bud Hulsey (R-Kingsport) introduced House Joint Resolution 516 (HJR516) in January. The resolution declares support for creation of a gold bullion…

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Two Bills Supporting Constitutional Tender Pass Final Arizona Senate Committee

PHOENIX, Ariz. (Feb 15, 2016) – Two bills that would “legalize the Constitution” by defining gold and silver as legal tender and encouraging their use as currency passed an important, and final, Senate committee today. Sen. David C. Farnsworth and Rep. Doug Coleman, along with seven cosponsors, introduced Senate Bill 1141 (SB1141) on Jan. 19. The…

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U.S. Homeownership Rate Falls to 20-Year Low

"The U.S. homeownership fell to its lowest level in 20 years at the end of 2014—levels last seen when national leaders embarked on a broad push to expand homeownership in the mid-1990s. Over the past year, President Barack Obama and other administration officials have voiced alarm that lending has gone from one extreme during the bubble—too loose —to the other—too tight—in the aftermath of the bust. Officials have walked a fine line in attempting to bar a return of the reckless products and practices that allowed the bubble to inflate 10 years ago while loosening some standards elsewhere to provide broader access to homeowners without perfect credit or big down payments." Continue reading

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“Green Banks” Will Drown in the Red

"A state solvency report released by the Mercatus Center has each of these five states ranked in the bottom third of the country, with their solvency described as either 'low' or 'poor.' This all raises the question of whether these governments are able to find sound investment opportunities in the first place. Recently, though, there have been calls to extend the struggling green banking system to the federal level. Mark Muro and Reed Hundt at the Brookings Institute assert that demand for green banking institutions and the types of companies they finance is so strong that the existing state-based green banks cannot muster enough capital to meet demand." Continue reading

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Obama renewing call to reauthorize Export-Import Bank

"President Barack Obama is ramping up pressure on Congress to reauthorize the Export-Import Bank. The obscure federal agency's charter expired last month after lawmakers refused to reauthorize it. The bank underwrites loans to foreign companies purchasing American products, but conservatives call it corporate welfare. Obama on Wednesday plans to meet at the White House with owners of small- and medium-size businesses that have benefited from the bank. Senate Majority Leader Mitch McConnell of Kentucky has floated the possibility of attaching the bank's reauthorization to a six-year highway and transit bill." Continue reading

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The Ex-Im Bank Is Dead (For Now)

"After 81 years of funneling taxpayer dollars to favored companies, projects, and geopolitical outcomes under the guise of advancing some vague conception of the 'U.S. economic interest,' the Export-Import Bank of the United States will end its financing operations at midnight tonight. Proponents of the Bank have been regrouping and strategizing to move legislation to reauthorize the Bank at the soonest possible chance. In fact the White House is hosting a conference call for the purpose of advancing that outcome. The battle may be over but the war continues." Continue reading

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