by Joseph P. Farrell, Giza Death Star:

This article comes from one of our regular article-sifters-and-sharers, and it’s more grist for the mill as you consider what is behind the moves of so many states to pass various currency laws.  Last week, for example, I offered a cautionary caveat on Texas’s recent bills regarding the “backing” of digital “currencies” with gold or silver, and their apparent “convertibility.” My caveat remains what it was: if you’re going to have truly convertible digital currency with silver and gold backing, then certificates of deposit that one can carry in one’s wallet – we know them as gold and silver certificates – must be issued and useable as currency.  Otherwise, I smell a plot simply to hook people on digital and cashlessness via the hook of “bullion backed.” Colour me a curmudgeon, because I’m not buying.