Political Solution #19 - Back to the Gold Standard
Let us remember that it was the Marxist-Socialist FDR who took us off the gold standard. Tricky Dick then ended it entirely.
Let’s hold government inflation and spending in check. The M1 (Money Supply) orchestrated through digital currency and monetary fiat (The Federal Reserve Board) is destroying the long-term strength and viability of America!
We currently operate under funny money or “Monopoly Money” standards of M1 administration and oversight.
We rely on UNELECTED officials to manipulate our money supply, interest rates, and other economic levers/engines in COORDINATION with the legislative and executive branches of our government.
“The gold standard ‘forces the U.S. to live within its means,’ said investment strategist Mark Luschini. ‘Think of it as a person with a debit card rather than a credit card. The debit card holder can only spend what he or she has in the bank.’”
America DOES NOT need guidance from a bunch of deep state bureaucrats at the FED level manipulating the value of our currency!
Let’s peg the USD once again to gold held in reserve.
“What is the gold standard?
It’s a monetary system that directly links a currency’s value to that of gold. A country on the gold standard cannot increase the amount of money in circulation without also increasing its gold reserves. Because the global gold supply grows only slowly, being on the gold standard would theoretically hold government overspending and inflation in check. No country currently backs its currency with gold, but many have in the past, including the U.S.; for half a century beginning in 1879, Americans could trade in $20.67 for an ounce of gold. The country effectively abandoned the gold standard in 1933, and completely severed the link between the dollar and gold in 1971. The U.S. now has a fiat money system, meaning the dollar’s value is not linked to any specific asset.”