Doesn't have to be Gold. Could by platinum or what ever the Govt. wants.
"Article I, Section 10 of the Constitution explicitly forbids the states from issuing "bills of credit" (promissory notes) or making anything but gold and silver coin legal "tender". There are no corresponding explicit prohibitions limiting the power of the federal government, nor are there any explicit authorizations."
So, Trump could order up a 35 trillion dollar coin and hand it to the Fed. Done, debt erased. Now, who is going to cash it? HAHAHA. Then resolve the Fed. No more income tax to pay the interest on debt.
The Constituion essentially says that money is whatever Congress says it is: "Congress ahall have the power to coin money and regulate the value thereof. " Article 1 Section 8 Clause 5. I used to propose the idea of Congress minting 35 platinium coins denominated as $US 1 trillion each and parceling them off to each of the 12 Fed District Banks (now part of the Treasury thanks to Trump's action of merging the two in March 2020 – all while the media and the “Fedical’s” were distracting the public with the “shiny toy” of “two weeks to flatten the curve” bull shit)
Pay the whole debt off, like Jackson did, and repeal the Federal Reserve Act and end the central bank’s Charter.
– Then the Treasury issues debt-free, specie-backed currency, exchanging dollar for dollar Federal Reserve Notes printed by the Fed with United States Notes issued by the US Treasury --- no longer funding the Zionist bankers lust for debt and death, and their war-mongering whores funded by tne US Income Tax – the next thing to be abolished!!
A financially free system unseen since Jackson ended the Bank of the United States in 1836.
Maybe he can get one of those stupid fake coins that they always show on the news when doing a crypto story, engrave "55B BTC" on the coin, and give it to the fed. A lot of people still think those physical coins are Bitcoin.
Doesn't have to be Gold. Could by platinum or what ever the Govt. wants. "Article I, Section 10 of the Constitution explicitly forbids the states from issuing "bills of credit" (promissory notes) or making anything but gold and silver coin legal "tender". There are no corresponding explicit prohibitions limiting the power of the federal government, nor are there any explicit authorizations." So, Trump could order up a 35 trillion dollar coin and hand it to the Fed. Done, debt erased. Now, who is going to cash it? HAHAHA. Then resolve the Fed. No more income tax to pay the interest on debt.
I think usd will become tethered to a portfolio of rare earth metals / gold, silver, platinum, copper, iridium , lithium, etc
"The (insert local money name here) shall be defined as a fixed weight of gold."
Done. As every country should.
California does have a decent amount of rare earth metals. Also the USA does have Titanium and that I suspect President Trump will make a priority.
It gives China and Russia too much leverage to be the leaders of Titanium along with Japan.
The Constituion essentially says that money is whatever Congress says it is: "Congress ahall have the power to coin money and regulate the value thereof. " Article 1 Section 8 Clause 5. I used to propose the idea of Congress minting 35 platinium coins denominated as $US 1 trillion each and parceling them off to each of the 12 Fed District Banks (now part of the Treasury thanks to Trump's action of merging the two in March 2020 – all while the media and the “Fedical’s” were distracting the public with the “shiny toy” of “two weeks to flatten the curve” bull shit)
Pay the whole debt off, like Jackson did, and repeal the Federal Reserve Act and end the central bank’s Charter.
– Then the Treasury issues debt-free, specie-backed currency, exchanging dollar for dollar Federal Reserve Notes printed by the Fed with United States Notes issued by the US Treasury --- no longer funding the Zionist bankers lust for debt and death, and their war-mongering whores funded by tne US Income Tax – the next thing to be abolished!!
A financially free system unseen since Jackson ended the Bank of the United States in 1836.
Maybe he can get one of those stupid fake coins that they always show on the news when doing a crypto story, engrave "55B BTC" on the coin, and give it to the fed. A lot of people still think those physical coins are Bitcoin.
Supply must be considered.
This thought is not new: https://en.wikipedia.org/wiki/Trillion-dollar_coin