{"id":132835,"date":"2023-08-29T11:38:09","date_gmt":"2023-08-29T16:38:09","guid":{"rendered":"https:\/\/jbs.org\/?post_type=alert&p=132835"},"modified":"2023-08-29T11:50:50","modified_gmt":"2023-08-29T16:50:50","slug":"support-the-gold-standard-restoration-act","status":"publish","type":"alert","link":"https:\/\/jbs.org\/alert\/support-the-gold-standard-restoration-act\/","title":{"rendered":"Support H.R. 2435, the Gold Standard Restoration Act"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

Legislation has been introduced in Congress to restore the gold standard \u2014 adhering to the U.S. Constitution and bringing back sound-money policies. It is imperative that Congress enact this bill!<\/p>\n\n\n\n

H.R. 2435<\/a>, titled the Gold Standard Restoration Act, is sponsored by U.S. Representative Alex Mooney (R-W.Va.) and cosponsored<\/a> by three other representatives. If enacted, it would be a significant step to restoring sanity to U.S. monetary policy.<\/p>\n\n\n\n

In its list of legislative findings, the bill correctly no<\/a>tes<\/a> that \u201cThe Federal reserve note has lost more than 40 percent of its purchasing power since 2000, and 97 percent of its purchasing power since the passage of the Federal Reserve Act in 1913,\u201d and it notes that under official Fed policy, \u201cthe dollar loses half of its purchasing power every \u2026 35 years.\u201d<\/p>\n\n\n\n

Emphasizing the need for \u201ca stable dollar, fixed exchange rates, and money supply controlled by the market not the government,\u201d H.R. 2435 states that returning to the gold standard is necessary for monetary and fiscal sanity, along with limited government. It states, \u201cThe gold standard puts control of the money supply with the market instead of the Federal Reserve, discourages excessive deficit spending, and encourages the balancing of Federal budgets.\u201d<\/p>\n\n\n\n

Substantively, H.R. 2435 \u2014 as the bill title suggests \u2014 restores the gold standard for the U.S. dollar. Specifically, it requires the Secretary of the Treasury to \u201cdefine the Federal Reserve note dollar in terms of a fixed weight of gold, based on that day\u2019s closing market price of gold,\u201d and to make them \u201credeemable for and exchangeable with gold.\u201d<\/p>\n\n\n\n

Additionally, the bill requires the Federal Reserve to fully disclose all its gold holdings, along with all gold transactions since 1961. This would go a long way toward bringing to light the Fed\u2019s activities that very few people are aware of due to the unconstitutional entity\u2019s secrecy and lack of congressional oversight.<\/p>\n\n\n\n

Ultimately, the Federal Reserve is a significant danger to liberty, one that is simultaneously degrading people\u2019s livelihoods and our nation\u2019s prosperity. Not only is the central bank unconstitutional<\/a>, but it has a key role<\/a> in the conspiracy to bring about a one-world socialist government.<\/p>\n\n\n\n

Ultimately, Congress must completely abolish the Federal Reserve. However, H.R. 2435 would be a great first step toward restoring adherence to the Constitution and sound monetary policy. Urge your U.S. representative and senators to support and pass H.R. 2435, the Gold Standard Restoration Act..<\/strong><\/p>\n","protected":false},"author":37614,"featured_media":145524,"menu_order":0,"template":"","tags":[13603],"alerts":[13319],"yoast_head":"\nSupport H.R. 2435, the Gold Standard Restoration Act : The John Birch Society<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/jbs.org\/alert\/support-the-gold-standard-restoration-act\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"RESTORE CONSTITUTIONAL MONEY\" \/>\n<meta property=\"og:description\" content=\"Urge your U.S. representative and senators to support H.R. 2435, the Gold Standard Restoration Act.\" \/>\n<meta property=\"og:url\" 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