Three U.S. congressmen — Alex Mooney, Andy Biggs and Paul Gosar — have introduced a bill to stabilize the value of the dollar by associating it with gold. More specifically, the “Gold Standard” bill intends to facilitate the re-pegging of the volatile dollar to a fixed weight of gold bullion.
As of 04/06/2023 text has not been received for H.R.2435 - To define the dollar as a fixed weight of gold, and for other purposes.
Bills are generally sent to the Library of Congress from GPO, the Government Publishing Office, a day or two after they are introduced on the floor of the House or Senate. Delays can occur when there are a large number of bills to prepare or when a very large bill has to be printed."
There is not enough physical gold in the world to underpin the debt of the U.S. and other debtor nations. If everybody asks for gold instead of paper, the global crash happens. Not that there's anything wrong with that!
https://www.congress.gov/bill/118th-congress/house-bill/2435/text
"H.R.2435 — 118th Congress (2023-2024)
As of 04/06/2023 text has not been received for H.R.2435 - To define the dollar as a fixed weight of gold, and for other purposes.
Bills are generally sent to the Library of Congress from GPO, the Government Publishing Office, a day or two after they are introduced on the floor of the House or Senate. Delays can occur when there are a large number of bills to prepare or when a very large bill has to be printed."
https://qalerts.app/?q=Gold+shall+
https://watcher.guru/news/3-congressmen-introduce-gold-standard-bill-to-stabilize-u-s-dollars-value
There is not enough physical gold in the world to underpin the debt of the U.S. and other debtor nations. If everybody asks for gold instead of paper, the global crash happens. Not that there's anything wrong with that!