Topic: Transactional Gold

Dr. Elliott discusses "Transactional Gold," a project in Texas to create a state-chartered central bank where gold can be attached to a debit card. This would allow citizens to transact in gold while bypassing the Federal Reserve and "FedNow" systems. He lists several states where similar legislation has been filed to protect state rights and financial privacy.

A new initiative in Texas is working to establish a state-chartered central bank and depository that allows citizens to use gold-backed debit cards, effectively opting out of the federal "FedNow" system. This movement toward "transactional gold" is gaining momentum across multiple states, reflecting a resurgence of federalism. The goal is to return financial power to the states and individuals, as envisioned by the founding fathers, by creating tangible alternatives to fiat currency.