by Joseph P. Farrell, Giza Death Star:
As most regular readers of this website are aware, for some years I’ve been following the progress (or lack thereof) of various states; bullion depositories and currency bills. I have tended to regard these moves and various states’ bills recognizing gold and silver specie as money as a good thing, but with a profound and necessary caveat: that actual physical certificates of deposit be accepted and circulated as currency, and that they be convertible into specie, which may also be used as currency in transactions. Lacking those things, I’ve been trying to warn that what may look like a return to “sound” and “constitutional” money might really be a trap to get people into accepting an essentially cashless system “backed by bullion”, in other words, a fraudulent system counterfeiting the reality.