Three GOP Reps. Introduce Gold Standard Bill to Stabilize the Dollar’s Value (Not That It Has Any Chance Of Passage)
Posted by freedomforall 1 year, 2 months ago to Politics
Excerpt:
" As America faces the twin threats of inflation and bank failures, three U.S. congressmen introduced a pivotal sound-money bill that would enable the Federal Reserve note “dollar” to regain stable footing for the first time in more than half a century.
Rep. Alex Mooney, R-W.Va., joined by Reps. Andy Biggs and Paul Gosar, both Arizona Republicans, introduced H.R. 2435, the Gold Standard Restoration Act, to facilitate the repegging of the volatile Federal Reserve note to a fixed weight of gold bullion.
Upon passage of H.R. 2435, the U.S. Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be formally repegged to a fixed weight of gold at its then-market price.
Federal Reserve notes would become fully redeemable for and exchangeable with gold at the new price, with the U.S. Treasury and its gold reserves backstopping Federal Reserve Banks as guarantor."
" As America faces the twin threats of inflation and bank failures, three U.S. congressmen introduced a pivotal sound-money bill that would enable the Federal Reserve note “dollar” to regain stable footing for the first time in more than half a century.
Rep. Alex Mooney, R-W.Va., joined by Reps. Andy Biggs and Paul Gosar, both Arizona Republicans, introduced H.R. 2435, the Gold Standard Restoration Act, to facilitate the repegging of the volatile Federal Reserve note to a fixed weight of gold bullion.
Upon passage of H.R. 2435, the U.S. Treasury and the Federal Reserve are given 24 months to publicly disclose all gold holdings and gold transactions, after which time the Federal Reserve note “dollar” would be formally repegged to a fixed weight of gold at its then-market price.
Federal Reserve notes would become fully redeemable for and exchangeable with gold at the new price, with the U.S. Treasury and its gold reserves backstopping Federal Reserve Banks as guarantor."
"Not that it has any chance of passage" agree.
Dec 12, 2018 7:01:15 PM EST
Q !!mG7VJxZNCI ID: 089200 No. 4281049
Dec 12, 2018 6:57:57 PM EST
Anonymous ID: 376ff2 No. 4280876
>>4280189
Q: Do we have the GOLD?
>>4280876
Yes.
GOLD shall destroy FED.
Q
what gold?
Fort Knox is likely empty as they have refused many times to open it up for inspection
There's a good chance there will be a fiscal mini-crisis due to the huge deficit, but what we use has a medium of exchange won't solve that problem.
Read The Creature From Jekyll Island* if you actually want to understand.