I am all for the dollar to be tied/backed by gold as it should be. Inflated prices and burger flippers getting 10-15 an hour is absurd.....I doubt we will see it pass though.
This would also end most of our problems in the middle east.
I’m no expert but I afraid it is way too late for this move. The Fed continuously depreciates the dollar by simply printing more dollars that the U.S. gobbles up. Making the dollar equal in value to a fixed amount of gold would end that practice. Not going to happen.
Or something like that.
My gut feeling is this a really bad ides. I read some of the bill and I see nothing in it that’s convincing.
What does William Devane say?
I am not sure its a good idea. Currencies need to have the right amount in circulation to match the needs of the economy. A currency that is too rare can cause disaster just as a currency that is too common can.
good.
“A false balance is abomination to the LORD: but a just weight is his delight.” Proverbs 11:1, AKJV
Unlinking the dollar from gold and then silver has driven our inflation instability.
Could they use a basket of physical assets that are Gold, silver, coal,oil, natural gas .... I don’t think they can link the trillions to gold. Microgram coated commemorative coins would be about it for dollars to gold.
The US people via their government owns huge reserves of commodities and licenses for access to commodities including lots of land but our land cannot be converted.
The other thought is to,fix the dollars to be redeemed in explosive force via nuclear weapons, like to see China revive their trillion worth via 45 minute on time delivery
So a Dollar would be how many picograms of gold?
For the folks in Rio Linda...
Picogram is a weight measurement unit.
Picogram (pg) is a derived metric measurement unit of mass. The picogram is equal to **one trillionth of a gram** (10-12g)ORT? 1 picogram = 0.001 nanogram. 1 pg = 0.001 ng.
28.3495 grams to one oz.
Okay, spot gold today was $1,328. So one dollar would get you 0.00075 ounces of gold, or 0.02 grams... about what a housefly’s wing weighs... WHA??? Are they planning on pegging the dollar at substantially more? It’d cause a run on gold like they’ve never seen before! Everybody would be cashing in their dollars to get and hoard gold. Or am I not understanding something? Which I could totally believe; happens all the time.
Would you be able to see this unit of gold with the naked eye?
One of the main reasons Gadaffi was killed. He was getting ready to go on the gold standard - and had other African countries that were going to join him.
That was a grave danger to the Fed reserve/Rothschild/Soros, etc.
Putin kicked out Rothschild also - and the NWO and Soros - but the gang that took out Gadaffi could hardly go after Putin, physically, so they are making him the big bad boogie man. Iceland has also kicked out Rothschild/Soros/NWO - as some others have, I forget which at the moment.
They WILL double down on trying to take out DJT - however, they can. If we go to the gold standard too...the two
Super Powers - NWO and gang is going to take a fatal blow.
Fail
Great idea? Terrible idea? Who knows... Either way, there’s zero chance this passes. Too many powerful folks benefit from the current system.
L8r
‘And now back to the Glenn Beck show...’
This will never happen. Especially going into a high interest rate period.
It’s a nice thought.