SB 1552

This is a strange one. Blue State. This bill sprang suddenly out of the finance committee after the tariffs began. Almost all bullion depository bills were submitted by specific legislators, then moved to committee review. And most 2025 bills are Red States which previously submitted a bill or received the gold token paper.

I sent the paper to Ray Dalio (Westport, CT) twice in 2024, mostly as an experiment. And I did a Hartford project in 2011 so a couple locals know my name. But otherwise it has a mysterious feel. Most States have a traceable history of precious metal champion legislators like Dorazio in Texas or Demetriou in Ohio.

Yup. No history of gold activism listed in OpenStates. My gut says this was greenlit behind the scenes by significant powers. I learned the following in 2011 from Warren, a local millionaire who befriended me:

"What are the 5 States with highest per capita wealth?"

Grok>

Connecticut: $88,760
Massachusetts: $84,693
New Jersey: $81,740
New York: $81,557
California: $77,339

Translation: There's a lot of quiet money in CT which would probably rather not get vaporized by inflation or default.