While everyone is talking about de-dollarizing, on March 30th, 2023, Mr. MOONEY, Mr. BIGGS, and Mr. GOSAR introduced #TheGoldStandardRestorationBill.
The objective of the bill is to reintroduce gold as a backing for the dollar to reduce the ability of the central bank to print money. This is meant to curb inflation and the loss of value of the dollar, which has lost 97% of its value since 1913.
Americans are also responding to the attack on the dollar by trying to shift their deficit economy back to being an inward-looking surplus economy that focuses on manufacturing, as America did before 1945.
So, as the U.S. and the IMF discourage Zimbabwe from having gold back currency, they are backing their own currency with gold. Don’t do as they say, do as they do.
