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.
Spot on.
Actually this bill is showing me the hints of an answer I have been long asking myself. We all know that the funancial system is scam and the Fed notes are actually debt instruments that illegally binds us to the debt for someone else's spending.
Question is - how will it look when this system ends? Will the US default on its debt? How do we make sure that common folks do not lose their savings if it happens?
Answer is in this bill. They are gonna expose the fraud and (I am guessing) cancel any part of the debt that can be proven to be fake/fraudulent, but wont default on all debt.
Hmm. Not sure about that. If it is done before tying the dollar to gold, there isn't actually any money within the Federal government to pay off any of the debt. It doesn't exist. That means it has to come from where it is, which is our assets, i.e. more taxes. If it is tied to gold first, then paid off, then that would be nothing but giving the U.S. gold reserves (assuming there is any) to the Cabal. Again, not seeing the win there.
There is no way to pay off any debt to the Fed without more fuckery put on top of the fuckery that created the debt in the first place. Any attempt to do so would be a validation of the initial fraud, i.e. "The payoff" part of the original Con.
It's important to remember its not a real debt, because it was never a real loan. They gave us nothing, in return we owed them our assets. It was designed to be an asset transfer vehicle. Paying off the debt is exactly that, transferring assets, as "repayment" for having received nothing initially.
Thats why I prefaced that statement with "They are gonna expose the fraud and (I am guessing) cancel any part of the debt that can be proven to be fake/fraudulent"
There are different ways to look at this. According to Silent Weapons for Quiet Wars a supposed CIA handbook, but most importantly solid mathematical model for the Central Bank financial system actually says that the debt is real, but "We the People" are the creditors. This is why they need to wipe us out periodically with wars and manufactured tragedies.
So how is this setup so that we are the actual creditors and yet we dont realise it? This is where the whole "birth certificate fraud", the CUSIP ID scam etc comes in. In fact the explanation given by the CUSIP ID theory perfectly fits with the assertion that we are the creditors.
That "we are the creditors" is a very interesting idea. I think it likely has validity in some sense, but I can't think of any way that it has validity in the legal (contract) sense. I will have to look into it, but my first thoughts are:
That book looks interesting, but I can't, at first glace, find any validity for it. Is there anything that gives it credentials? I will look it over more and see if it makes any interesting claims that I can validate. Thank you for bringing it to my attention.
The math in it makes pretty good sense and is not something a troll in the basement could have cooked up.
If you are an American, have you ever tried looking up the CUSIP using your social security number or you birth certificate number? I cant verify it from here, but it would definitely be a good indication.