H.R.2435 - Gold Standard Restoration Act was introduced to Congress on March 30th 2023 Representative Mooney and 3 co-sponsors. It has been referred to House Financial Services Committee. I wonder if this is being worked into the negotiations for the debt ceiling increase? - The Great Awakening

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H.R.2435 - Gold Standard Restoration Act was introduced to Congress on March 30th 2023 Representative Mooney and 3 co-sponsors. It has been referred to House Financial Services Committee. I wonder if this is being worked into the negotiations for the debt ceiling increase? 🔍 Read the BILL ! 👈

posted 1 year ago by jhartz39 1 year ago by jhartz39 +236 / -1

This Act may be cited as the “Gold Standard Restoration Act”.

https://www.congress.gov/bill/118th-congress/house-bill/2435/text

SEC. 3. DEFINE THE FEDERAL RESERVE NOTE DOLLAR IN TERMS OF GOLD.

Not later than the date that is 24 months after the date of the enactment of this Act—

(1) the Secretary of the Treasury (in this Act hereafter referred to as the “Secretary”) shall define the Federal reserve note dollar in terms of a fixed weight of gold, based on that day’s closing market price of gold;

(2) Federal reserve banks shall make Federal reserve notes redeemable for and exchangeable with gold at the fixed price determined under paragraph (1) and create processes that facilitate such redemptions and exchanges between member banks and the public; and

(3) if a Federal reserve bank does not fulfill its duties under paragraph (2), the Secretary shall make the redemption or exchange as guarantor and place a corresponding first and paramount lien on all assets of such bank.

Briggs, Cosar and Luna are the cosponsors.

EDIT: I had the wrong date in the title.

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– HumblePede 2 points 1 year ago +2 / -0

If I laid out an attack plan to undermine the United States' economic strength and weaken its people's financial stability, I'd include the following: institute fiat currency. Undermine the value of that fiat currency. Destabilize manufacturing and industry. Enslave the population through unemployment and poverty. Offer government assistance. Induce a desperate populace to beg for my control in the guise of gratitude for my generosity. Assume control of the entire diseased temple.

This bill does an amazing job of not only defining this very process (see below) but also addressing it through the demand for gold-backed currency.

It's an outstanding piece of proposed legislation!

Added bonus: anyone who fights/votes against it can be added directly to the list of those who need to be stood up in a military tribunal. They will be outing themselves as our enemies, plain and simple, and should pay the full penalty.

Under SEC. 2. FINDINGS. [All emphasis mine.]

(1) The Federal reserve note has lost more than 40 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve Act in 1913.

(2) Under the 2 percent inflation objective of the Board of Governors of the Federal Reserve System (in this Act hereafter referred to as the “Federal Reserve”), the dollar loses half of its purchasing power every generation, or 35 years.

(5) The Federal Reserve policy of long-term inflation has made American manufacturing uncompetitive, raising the cost of United States manufactured goods by more than 40 percent since 2000, compared to less than 20 percent in Germany and France.

(7) The American economy needs a stable dollar, fixed exchange rates, and money supply controlled by the market not the government.

(12) Restoring American middle-class prosperity requires change in monetary policy authorized to Congress in Article I, Section 8, Clause 5 of the Constitution.

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