Understanding the idea

A Silver currency for Texas.

Mission Statement:

To create a silver based private currency by, and for the people of Texas. 

How can we replace the failing FRN with sound, intrinsic currency?

By simply incorporating it into our daily lives; educating our friends, family, and neighbors; and encouraging them do the same.

Definitions:

The Vault: The Vault is aptly named as it has no function other than holding silver and issuing TEXAS Certificates which are 100% backed.

TEXAS: TEXAS Is an acronym which stands for Transferable, EXchangeable, Asset(s) of Silver.  These are Silver Certificates that are easier to use in monetary transactions then actual Silver coins.  They have a numeric amount and a corresponding silver amount which is redeemable upon demand at the Vault.  At first, these amounts will correspond to the USD for convenience and to make the transition between the two currencies as easy as possible, but as inflation weakens the dollar further, the stability of our private currency will resound.  The numeric/monetary value of each TEXAS Certificates is as follows:

Merchants are encouraged to immediately mark their goods in both FRN's and TEXAS Certificates.  By doing this, you begin to match goods for their intrinsic value.  So, when inflation affects the FRN's, OUR T.EX.A.S. SCRIPT should largely remain immune and cost will remain stable in the currency.

For example:

You have a hammer that cost $20 FRN.  You, as a merchant, also mark it as a T.EX.A.S. 20 and thus set its value at one ounce of silver. 

When the FRN's buying power decreases, and the same hammer suddenly cost $30 you will find the FRN cost of silver to have also increased by a similar percentage- but the hammer is still worth the same amount silver... so the hammer would still only cost a TEXAS 20!

Now imagine the same principle being applied to a complete FRN hyper-inflationary event!

Texans need stability.

Bringing our TEXAS currency into Reality at the personal level:

The biggest obstacle then becomes the injection of the new currency.  During the first steps of our currency creation all Texans are encouraged to go out and buy their own silver.  US silver coins, Canadian silver, corporate silver... so long as the coins and bars are measured in ounces and are .999 percent pure- the picture minted on each does not matter.  Only the silver.

Eventually, when The Vault is active (in step three) Texans will also be able to buy TEXAS Currency from The Vault directly.  This method will always be a bit more costly however, as The Vault would then immediately buy Silver to replace the Silver taken from reserve to back the new script.

The numeric value of the TEXAS currency shall not change... the FRN cost of exchange will.

Duties of The Vault:

The implementation of the new currency requires respect, honor and high integrity.

For too long the manipulation and exploitation of money has destroyed nations.  Therefore, those trusted to operate the Vault who refuse to adhere to the rules and principles herein; or who willfully attempt to deceive and cheat the people for which this system is in place to serve or illegally attempt to counterfeit the currency, shall be sentenced to death.

To maintain this order of respect, honor and high integrity, the Vault will adhere to the following rules:

-The Vault is a storehouse of wealth, its sole purpose is hold silver and issue an equal amount of silver certificates to be used as the currency for Texas, known as Transferable, Exchangeable, Assets of Silver, or TEXAS Certificates.

-The Vault is not a lending institution. It will not issue loans of any sort, it will not issue credit, it will not offer or charge interest, it will not create individual accounts nor use excess funds for any purpose other then upkeep and improvement of the Vault.

-The Vault will not become indebted to any other institution. It will accept donations from members only as a means of extra income; otherwise, its income will be derived solely from profits made from new (paper) currency bought by members.

-The Vault records shall always remain public with complete transparency.

-The Vault will always honor its Silver Certificates for Silver Coin.

-Once the Vault is established there will be a one time membership fee of a single silver coin to express our currency as private. The fee stays with The Vault and covers operation cost; and to build a reserve of silver to cover people who come to The Vault to buy TEXAS Currency directly.

-The Vault actively practices the acts of 'free coinage' and 'silver coin exchange'.

--Free coinage is the act of taking non-coined silver and exchanging it (based on weight and purity) for silver certificates. The silver exchanged will ideally be smelted into fine silver coins, but if the ability to make the exchange is not yet available the silver itself will be held in its current form as a means to store the silver certificates value and worth.

--Silver coin exchange is the act of taking any silver coin, so long as its purity is .999 fine silver, and exchanging it for equal value in Texas silver certificates.

Banks which agree to create accounts that hold TEXAS Currency do so with the understanding that practicing fractional reserve banking is forbidden.  They may only lend TEXAS Currency they have on hand that is not part of another's savings account.  They shall only work with paper TEXAS script and can only issue electronic versions of the currency in amounts which are completely backed by paper.  Banks who violate their duties are subject to the same penalties as The Vault.

TEXAS Certificate Transparency:

The following will always be available online, or in person.

-Records of income

-Records of expenses

-Amount of silver in Vault and TEXAS currency (silver certificates) issued (this amount should always be equal).

-Savings bracket

-Future purchases listing (what the savings bracket is saving for.  The Vault will not take loans and become indebted to any other institution).

In Conclusion:

Banks are failing everyday.  Judges and politicians are blocking the peoples Right to know what the US central bank, AKA the Federal Reserve, is doing.  The writing is on the wall that the Federal Reserve Note is on borrowed time.  Join me in the Texas Currency Revolution; with TEXAS currency in our pockets we have the unity and financial security to take the next important leap.

~Viva la Currency Revolution!