H.R.5404, a bill to define the dollar as a fixed weight of gold
Gesara.news » News » H.R.5404, a bill to define the dollar as a fixed weight of goldNews Date: May 5, 2020
H.R. 5404 is a bill introduced by Rep. Alex Mooney (R-WV2) that would bring the U.S. back to the gold standard once and for all. It would take effect exactly 30 months after the bill was passed, to allow an adjustment period in the American economy.
Interestingly for a Republican-introduced bill, if the bill was enacted any time after July 2018, that 30-month window would come under the administration of the 2020 election.
He spent Mother's Day diving into the rightwing fever swamps and unleashing a barrage of tweets and retweets assailing his predecessor. One said simply "OBAMAGATE!" (the suffix "gate" is a frequently used play on the Watergate scandal that toppled President Richard Nixon).
I don't even look at gold bullion as an investment. I look at it as a store of value - as an alternative to cash.
I think gold is going to make a much bigger rise against these fiat currencies. But as an investment, I think investors should be at gold mining stocks. Fed is not winning a long-term game. They continue to print money, devalue the currency, and continue to essentially run the American currency into the ground.
Peter responded saying that just because blockchain technology has value doesn't mean bitcoin itself does.
The accumulated debt is on track to surpass the size of the entire economy next year for the first time since World War II, and breach its all-time record in the coming years.
On the 2016 campaign trail, Trump promised to wipe out the nation's debt altogether over the course of his presidency.
The annual meetings of the International Monetary Fund and the Board of Governors of the World Bank Group (WBG) are going to kick off on Monday 12, and will remain in session till 18 October. The meetings come amid unprecedented conditions because of the COVID-19 outbreak and the severe impact it has had on the whole world.
The meetings are designed to bring together central bankers, ministers of finance and development, private sector executives, representatives from civil society organizations, and academics to discuss issues of global concern, including the world economic outlook, poverty eradication, economic development, and aid effectiveness.
IMF to revalue its Special Drawing Rights (SDR) - the world's reserve currency waiting in the wings.
Sources:www.bloomberg.com, ahram.org.eg, gesara.news
Is the Fed Ded? The Fed can print $ but cannot print jobs. As Corona returns the massive Fed-Wall St-Treasury bubble collapses. Corona is the pin not the bubble. If you think the Fed is Ded get more gold, silver, and Bitcoin. Sadly, I think the Fed is dying. Take care be aware.
FED is Ded. Loans to Zombie CEOs cannot be paid back. In 2020 Zombies owe $900 billion with declining income. By 2021 Zombie debt to pass $1.6 trillion. Got gold, silver, Bitcoin? "Accept what ever comes to you woven in the tapestry of your destiny." Marcus Aurelius. Take care.
ECONOMY dying. FED incompetent. Next BAILOUT trillions in pensions. HOPE fading. Bought more gold silver Bitcoin. GOLD @$1700. Predict $3000 in 1 year. Silver @ $17. Predict $40 in 5 years. Bitcoin @$9800. Predict $75000 in 3 years. PRAY for the BEST-PREPARE for the WORST.