TAKE ACTION – PROTECT OUR CASH BY RE-PEGGING THE DOLLAR TO GOLD
Please read and participate in the following Call-to-Action initiated by our friends from the Bhakta School of Transformation and Liberty Action Council:
On October 10, 2022, Congressman Alex X. Mooney (House financial Services Committee) introduced H.R. 9157, the “Gold Standard Restoration Act.”
The legislation calls for the U.S. Treasury and the Federal Reserve to publicly disclose all gold holdings and gold transactions within 30 months, after which time the Federal Reserve note “dollar” would be pegged to a fixed weight of gold at its then-market price. Federal Reserve notes would become fully redeemable for and exchangeable with gold at the new fixed price, with the U.S. Treasury and its gold reserves backstopping Federal Reserve Banks as guarantor.
“The gold standard would protect against Washington’s irresponsible spending habits and the creation of money out of thin air,” said Congressman Alex X. Mooney. “Prices would be shaped by economics rather than the instincts of bureaucrats. No longer would our economy be at the mercy of the Federal Reserve and reckless Washington spenders.”
BACKGROUND: The Gold Standard Restoration Act also makes several findings as to the harm the Federal Reserve System has inflicted on everyday Americans – particularly since President Richard Nixon “temporarily suspended” gold backing of America’s monetary system in 1971.
The Federal Reserve note has lost more than 30 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve Act in 1913. Economists have observed that the elimination of gold redeemability from the monetary system freed central bankers and federal government officials from accountability when they irresponsibly expand the money supply, fund government deficits though trillion-dollar bond purchases, or otherwise manipulate the economy.
The bill would also require full disclosure of all central bank and U.S. government gold holdings and gold-related financial transactions over the last 6 decades. H.R. 9157 requires the Fed and the Treasury to disclose all records pertaining to redemption and transfers of United States gold in the 10 years preceding the temporary suspension in August 15, 1971, of gold redeemability obligations.
READ/DOWNLOAD THE BILL HERE
https://www.moneymetals.com/
TO LEARN MORE OF HOW YOU CAN PROTECT YOUR MONEY AND THE IMPORTANCE FOR YOU AND YOUR FAMILY, YOU CAN TUNE INTO THE FOLLOWING GOOD MORNING CHD-TV SHOW:
https://live.childrenshealthdefense.org/chd-tv/shows/good-morning-chd/preventing-the-death-of-your-money/
IF YOU SUPPORT THIS BILL
YOU MUST ACT NOW BY EDUCATING YOUR ELECTED OFFICIALS IN CONGRESS
· Use the sample email copy below to email your elected officials. Feel free to make changes to it or write your own.
· Use these links to find the contact information for the congressional senator and house rep. in your district.
https://www.senate.gov/
https://www.house.gov/
Email both your senator and your house rep. Then call your elected officials after you email them. If you get a voice mail when you call, leave the contents of your email in the form of a voice message. If you get an aide, speak to the aide to voice your support, per your email.
SAMPLE EMAIL
To: [your senator or house reps. name here]
It is past time to reign in the U.S. Federal Reserve cabal, a cartel that acts against the public interest and conspires with government cronies to line their own pockets and expand the powers of the wealthy elite to control the citizenry.
I have read and am in full support of HR-9157, the Gold Standard Restoration Act. If passed into law, it is my strong feeling that this bill will;
1. Restore a healthy, free market economy that will allow people like me to thrive economically and ensure the present and future prosperity of my family.
2. This bill will prevent the planned surveillance system that will destroy my privacy by placing me under 24/7 surveillance with Central Bank Digital Currency.
3. By strengthening the dollar through tying the dollar to gold, this will give me greater purchasing power by allowing for more market stability and preventing the market manipulation that comes with the present fiat currency and the pressure to move to a digital fiat currency.
4. The passage of this bill will protect my privacy in how I use my money and protect my right to use my hard-earned cash in the way I please, without government spying, tampering and overreach.
5. The passage of this bill will also prevent the massive money printing through Quantitative Easing that has drastically weakened the U.S. dollar while fueling inflation.
6. The passage of this bill will place the necessary check against irresponsible and harmful Federal Reserve monetary policy and destructive tampering with our free market economy by the U.S. Federal Reserve. It will also allow for complete transparency in the function of the Federal Reserve and supplant the often secretive relationship between the U.S. Federal Reserve and the Federal government that has led to consistently lousy U.S. monetary policy in almost 100 revisions of the charter of the Federal Reserve.
7. The passage of this bill will take the responsibility of managing U.S. currency and monetary policy out of the hands of central bankers and into the hands of the U.S. Congress, where it belongs, in accordance with our U.S. Constitution.
For these reasons, as your constituent, I urge you to consider the importance of HR-9157, the Gold Standard Restoration Act. A bill I am in favor of and is direly needed for the reasons noted above.
[your full name here]
[your address here]
your phone number here]
