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Last week, Congressman Alex X. Mooney joined “Kennedy” on Fox Business Channel to discuss H.R. 9157, the “Gold Standard Restoration Act.” For full video of the interview, please click HERE.
The legislation calls for the U.S. Treasury and the Federal Reserve to publicly disclose all gold holdings and gold transactions within 30 months, after which time the Federal Reserve note “dollar” would be pegged to a fixed weight of gold at its then-market price. Federal Reserve notes would become fully redeemable for and exchangeable with gold at the new fixed price, with the U.S. Treasury and its gold reserves backstopping Federal Reserve Banks as guarantor.
Learn more about the bill HERE.
