GOP Lawmaker Pushes For US To Return To Gold Standard
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- เผยแพร่เมื่อ 17 ก.ย. 2024
- In remarks on the House floor Friday, Rep. Alex Mooney (R-WV) spoke about inflation.
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All for it! Keep pushing this.
You understand if that happens, there will be a global run on the the Fed? As in, all those dollars around the world will suddenly be exchangeable for Fed gold... You know there isn't enough gold for that, right?... So a new vaulation would have to be made... Meaning that all the dollars in circulation globally will have to be divided by the exact amount of gold at the Fed, which will reduce the dollar value of Fed gold until the Fed is forced to exchange its gold for OTHER currencies, which will decrease the dollar value of Fed gold further... OR limits and caps will have to be enforced until the US has accumilated enough of the other nations currencies to buy gold from OTHER nations to then sell that gold back to other nations for dollars... This ofc will send the internal US money supply into orbit and will drag the country right back to where it was pre-global-dollar... Honestly, it doesn't look good for the dollar. Giving financial freedom to financial terrorists turns out to be a terrible long term economic plan.
@@johanisnotagamer I realize this is a large undertaking and I doubt the US government is capable of doing it well, and really has no interest in trying to do it at all to be honest. The academics and central bankers with PhDs remain very eager to convince anyone who will listen why they really, really should be allowed to manage our monetary systems. Firstly, get rid of the Fed. Genuine prosperity in a country cannot be generated by central bank manipulations. If that were the case, every country on earth would be characterized by ever growing standards of living. A central bank does the exact opposite, it lowers a nation’s standard of living through its artificial manipulations of interest rates and its expansion and contraction of the money supply. The Constitution expressly states that the federal government would possess the power to coin money, not print it. In my opinion the ideal would be to separate money and the state. Establish a free-market monetary system in which government plays no role whatsoever.
@@calibreeze007 Unfortunately if you take government out of the picture altogether the corporate world would cease to exist. In its place we will just have unaccountable pockets of capital who will operate just as they do now only in a much less PR focussed way. Mass secret society style... The problem isn't government involvement in private economic planning. The problem is private economic planners in government. If you get my point?... Public serveants should be public serveants. Investors should be investors. It should be ILLEGAL to be both, in my eyes. And that includes corporate financing or 'issue pushing'... 'We the people' needs to ONLY mean 'natural persons' and NOT 'juridical persons' too. Otherwise every push for freedom only tightens the chains.
Right good luck it's like taking a kid in a candy store and telling him no candy
@@johanisnotagamer Look, it's not like every dollar will be exchanged for gold alright?
It just means some of them will, not all.
I propose we return to trade and bartering.
Almost there friend
I suspect that soon the federal government will attempt to ban barter/trades between individuals.
It just seems like the natural next step, considering the direction they have been headed.
They got to get their cut.
@@StillLivinginthewoods wouldn’t put it past them. Good point
Too late! We should have switched back in the 80s at the latest.
Hallelujah! Now if he can just get a majority of house and senate members to go along with him. Then they can eliminate the Federal Reserve System and rid us of the horrors of a central bank.
Please… been stacking for a decade
Please do.
Yeah Lets go
Gold gold gold standard
Congress has a Responsibility to return us back to the Gold standard. FOLLOW THE CONSTITUTION!!!
Didn't we move away from the Gold standard to lesson the burden of inflation in the first place or am I confused? I'm not the most knowledgeable on the subject, but to my very limited understanding didn't we move away from the standard so that we can stop foreign governments from exchanging cash for gold? Wouldn't China, Russia, and other foreign governments just manipulate the economy today? I would love to know if anyone can answer
I’d rather our money be backed in something tangible instead of “faith”
It was an evasionary act. You're correct that other countries were exchanging their dollars for Gold, and what it did was highlight that the US gov had been spending more than it could afford BY printing more money. The issue with gold standard is that if you do print more money, it's very easy to see if that's what you've been doing by comaring money in market to gold in hand. Simply put, the gold standard put a very real brake on government actions and spending. The "inflation" with the gold standard comes when a nation's effective deceit has been discovered, which is why it's argued that by going to fiat currency it was to fight inflation...ignoring what caused thath inflation. Inflation PERIOD involves the creation of a currency, no matter what is behind it.
Gold standard simply makes identifying this state more obvious and easier to do.
France and others realized that rather than "guns or butter", we chose both and turned on the printing presses, inflating our currency. They quickly realized this was in a word, "bad" and decided they'd rather have the gold. As our vaults emptied of real gold in exchange for worthless fiat paper, Nixon slammed the gold window shut "temporarily."
Narrator: "But it wasn't temporary. For the first time ever, a politician told a lie."
Yes
Indeed we should!
The gold is gone
They're going to have to have something to back up the digital dollar that they're going to be introducing pretty soon but I still think they're going to have 100% fractional Reserve practice
This is the way.
Going back to the gold standard isn't going to happen and isn't needed. We just need to go back to limiting how much USD is being created and don't let the banks loan out more than they have.
How ya gonna pull that off?
yeah just rug pull the entire bonds and derivatives market over night
If “I was right” was a person, it would be Ron Paul
Sounds good to me
The Federal Reserve is responsible for the current Inflation problem.
They are laughing at him
The gold is gone hasn't been seen in ft Knox since 1972 when Congress saw it last
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Yes! No more limitless credit card economy destroying the value of our dollar with frivolous govt spending.
The US is probably the ONLY country that should not return to the gold standard. No one else possesses a globally accepted printing machine.
NGL, even if it doesn't work, based move.
For this video, there should be a STRONG LIKE Button, or like the 2 thumps up feature on Netflix.
Ah how about, No.
Because faith in crypto is enough right?
Awesome idea I was hoping we could trade 1 golden coin for things that we would need like food shelter transportation just like in the john wick movies 1 golden coin for something 👍🏽💯
i hope this bill passes
@@supersonicgameplays7080 yep 👍🏽
@@JoseMoreno-zk2pw it would be good
@@supersonicgameplays7080 definitely 💯
@@JoseMoreno-zk2pw codify it into law and keep the dollare stable
We are gold back already
No we aren’t. We are no longer based on the gold standard
Bots are shilling hard