Sunday, December 14, 2008

An Act: To Peg the Dollar to Gold

Whereas our current currency is now backed by $8.5 trillion in bad debt, and insolvent;

Be it enacted that the value of a US Dollar be 1/1,000 oz. Gold. Gold therefor is $1000 an ounce from this day onward, and the Government will take in exchange for the new currency Federal Reserve Notes at that rate. The Federal Reserve Bank itself is hereby relieved of any and all powers, and it's assets frozen until thoroughly audited.

The Federal Reserve Note is doomed - a competing currency such as this one I'm proposing will eliminate it.

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