This is one weird story
And the new depository will not just be a well-guarded warehouse for that bullion. The law Abbott signed calls for the creation of an electronic payments system that will allow gold, silver, platinum, palladium, and rhodium depositors to write checks against their accounts, making the depository into a bank – one that will create a metal-backed money supply intended to challenge the paper currency issued by the Federal Reserve - or "Yankee dollars" as one of the law's top supporters calls them. And in case the Fed or Obama wants to confiscate Texas's gold, nice try Fed and Obama! In keeping with this suspicion of the Fed and Washington, the new law also explicitly declares that no “governmental or quasi-governmental authority other than an authority of [Texas]” will be allowed to confiscate or freeze an account inside the depository. Gold that’s entrusted to Texas will stay in Texas.
The real crazy
"Will repatriate $1 billion of gold bullion from the Federal Reserve in New York to Texas.”
verb (used with object), repatriated, repatriating.
1.
to bring or send back (a person, especially a prisoner of war, a refugee, etc.) to his or her country or land of citizenship.
2.
(of profits or other assets) to send back to one's own country.
verb (used without object), repatriated, repatriating.
3.
to return to one's own country:
to repatriate after 20 years abroad.
Gosh and I thought we already had a civil war about this.
So I can throw things at Republicans from Texas if they say
"I pledge allegiance to my Flag and the Republic for which it stands, one nation, indivisible, with liberty and justice for all."
I suppose they mean the slavers and traitors flag?
Is Texas planning on leaving the Union?