New Bill Would Bring Back the Gold Standard, Top Broker Analysis - H.R. 5404 , Collin Plume
H.R. 5404 Bill to Define Dollar as Fixed Weight of Gold, Top Broker, Analysis Monetary Implications, Collin Plume
1.What does this mean for the U.S. Dollar
2.What does this mean for Gold?
3.What will happen to Silver?
4.What does this mean for the U.S. Economy
5.Most Importantly what does this mean for your family and yourself?
Bill H.R. 5404
To define the dollar as a fixed weight of gold.
Be it enacted by the Senate and House of Representatives of the
United States of America in Congress assembled,
SECTION 1. FINDINGS.
Congress finds the following:
(1) The United States dollar has lost 30 percent of its
purchasing power since 2000, and 96 percent of its purchasing
power since the end of the gold standard in 1913.
(2) Under the Federal Reserve's 2 percent inflation
objective, the dollar loses half of its purchasing power every
generation, or 35 years.
https://www.congress.gov/bill/115th-congress/house-bill/5404/text?format=txt
Article reference
https://www.reuters.com/article/us-usa-trade-china-treasuries/china-holding-treasuries-keeps-nuclear-option-in-u-s-trade-war-idUSKCN1HB34M
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https://www.reuters.com/article/us-usa-trump-currency/trump-says-russia-china-playing-currency-devaluation-game-idUSKBN1HN1PO
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