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States Racing To Make Paying With Gold Easy As recently reported in the Epoch Times, a tidal wave of interest in passing “transactional gold” legislation is flooding across America.  More and more law makers are recognizing the inevitable- that state governments must act to protect their citizens from the devastating effects of inflation. As an employee of the first state to pass such legislation, Utah Treasurer Marlo Oaks said: Creating opportunities for all Utahns to protect their purchasing power is a critical outcome we hope to achieve…This is an economic justice issue.” Last year, as inflation was devastating households across America, leaders in Utah created a task force of leading financial experts whose assignment was to determine if spending precious metals into the Utah economy could protect its citizens and generate economic growth. Taking recommendations from the task force, lawmakers in the state House of Representatives unanimously passed a major transactional gold bill in March. The Senate then overwhelmingly approved the legislation. HB 306: Enabling Precious Metals-backed Electronic Payments HB 306 paves the  way for electronic payments backed by precious metals. 

Project Hamilton Secretly Advancing CBDC’s As reported by Gregory Mannarino, Project Hamilton is a joint research project between the Federal Reserve Bank of Boston, and the MIT Digital Currency Initiative (DCI). The Digital Currency Initiative (DCI) is a research arm of the MIT Media Lab, based at the Massachusetts Institute of Technology. The MIT Digital Currency Initiative is one of the most powerful institutions nobody’s talking about. While everyone’s distracted by public debates over inflation, interest rates, and headlines about “maybe someday” CBDCs, these people are already quietly and methodically writing the code of your future with full access to the central banks of the world. Most have no idea it even exists. Founded in 2015, it was created to study, build, and influence the development of digital currencies, blockchain tech, and monetary systems. It launched to explore what a U.S. Central Bank Digital Currency (CBDC) could look like not just theoretically, but technically. This is the project where the code, ledger structure, and transaction throughput of a digital dollar is being built behind closed doors. Because DCI is writing the digital DNA of programmable money, it is shaping the philosophy behind digital control systems and equipping the next generation of technocrats to maneuver the global monetary reset.

Interview With Goldback’s President Greg Reese published his interview with the President of Goldback, Jeremy Cordon, on May 18, 2025. These are the highlights of that 58-minute interview with Jeremy Cordon: More than 80% of silver and copper are mined for industrial use, limiting the use of those metals for money. Goldbacks are the cheapest transactional gold product that can be owned in such tiny, verifiable, secure amounts.though the Constitution specifies that only gold and silver coin can be used as tender in the payment of debts (Art. 1, Sect 10), metal coins that compete with Federal Reserve Notes are prohibited by federal law unless they are authorized in a legal tender act passed by a state’s legislature. More than six states have passed such laws, with many states pursuing similar legislation. When a person uses Federal Reserve Notes and Central Bank Digital Currencies, he is perpetuating the fiat, centrally controlled money monopoly that creates inflation and has robbed us of our wealth and privacy. If we want to break the current corrupt money system, we must stop using all Federal Reserve products and build an alternative economy that is so much better that fake money products are no longer desired. About 330 million Goldbacks are now in circulation. Jeremy’s near-term goal is to release 3 or 4 new state series per year. When Goldbacks are offered for payment, the acceptance rate is about 75%, which is 50% more often than when junk silver is offered. Goldbacks have out-performed gold coins and bars because coins and bars aren’t practical in an economic crash.

Buffet Calls Cryptocurrencies “Rat Poison” As reported by Hedge Fund Alpha, Warren Buffet has repeatedly advised investors not to buy cryptocurrencies, explaining that it doesn’t product anything. In fact, Buffet has even described bitcoin as rat poison. According to him, the fear of missing out on crypto with the uncertain trajectory of its future potential caused a whirlwind of excitement around it. His long-time partner, the late Charlie Munger called crypto trading dementia. He went so far as to call the United States Government to ban crypto altogether, just like China did. Munger explained that crypto is not a currency, a commodity, or a security, and he compared it to a gambling contract. Munger also often referred to crypto as crappo, and called it worthless, which can also be often heard from Buffett. He also called people who don’t share his viewpoint as “idiots” because there is no rational argument against his position. In 2018 Buffett gave his assessment that the crypto hype will end badly for investors and warned everybody about that possible route. He said that he wouldn’t buy all the crypto in the world for $25. He noted that crypto doesn’t have an intrinsic value. On another occasion, when the bitcoin value reached $30 thousand, he called it a “gambling token”. He understands that people often want to invest in something that can bring a lot of money quickly, but it usually doesn’t end the way they intended. In April 2023 when Ethereum and Bitcoin were up 35% and 61% Buffett repeated that crypto doesn’t have real value, but that it will not stop people from trying to play the roulette wheel.