The same Rep who introduced a bill to define the dollar as a weight of gold has called out the Treasury and the Fed, and Mooney pulls no punches…
While we fault Congressman Mooney by not recognizing silver in his bill to define the dollar as a specific weight of gold, as required by Article 1 Section 10 of the U.S. Constitution, Mooney has come out swinging yet again.
This time Mooney addresses the topics of inflation/dollar devaluation, unbacked fiat currencies, purchasing power, cost of living, and most importantly, the Treasury and Fed’s policies towards gold.
And he pulls no punches.
While Mooney will unlikely get a real response, it’s possible, seeing as how Mooney is on the House Financial Services Committee, and the Monetary Policy and Trade Subcommittee, that he does get a response.
Regardless, any response would be one giant, watered down nothing-burger, or its possible Mooney gets a “we would be happy to address your concerns in a closed door meeting” response, and then proceed to give him one giant, watered down nothing-burger in person.
Typical of what comes out of the mouths of those in Treasury and in the Fed.
But there is a positive here: The people are indeed waking up, and albeit slowly, so are the politicians.
Mooney is ahead of the curve in that regard.
Most will be behind the curve, and being behind the curve will mean having to deal with the death of the petro-dollar, the U.S. dollar collapse, and the fiat currency crisis in real time, reactionary style, as opposed to being proactive and planning for it, as Mooney seems to be doing.
In the end, markets always revert to the mean, and for humanity’s market instincts, that means reverting to gold and silver.
We’ll get there sooner or later.
– Half Dollar
About the Author
U.S. Army Iraq War Combat Veteran Paul “Half Dollar” Eberhart has an AS in Information Systems and Security from Western Technical College and a BA in Spanish from The University of North Carolina at Chapel Hill. Paul dived into gold & silver in 2009 as a natural progression from the prepper community. He is self-studied in the field of economics, an active amateur trader, and a Silver Bug at heart.