The Texas Bullion Depository – basically a private currency backed by gold just like old-time currencies – is, according to the show host, “the biggest threat in 102 years to the Federal Reserve System.” Capriglione agrees that it could very well make the Federal Reserve System unnecessary.
Source https://bitcoinmagazine.com/21283/te...eserve-system/
The value of the Texas System’s fund grew 24 percent to $25.4 billion in the year ended June 30, the biggest after Harvard University’s $35.9 billion. Yale’s endowment, which had ranked second since at least 2002, increased 15 percent to $23.9 billion.
Source http://www.bloomberg.com/news/articl...urpassing-yale
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