Except only congress can coin money. That would essentially put fascistbook on par with congress as far as money goes.
While I agree with him on one level, maybe, this statement calls his agenda out clearly, in my view.
“I’ve hedged against the dollar by
...”
Maybe he’s one of the bad guys.
Ok, here we go.
The government likes to control currency. Our currency has nothing to give it value but being "backed by the full faith and credit of the United States" (that's you and me, folks). The government has consistently abused our backing by diluting the dollar since we went off the gold standard. They get the pre-diluted value when they inject it into the money supply.
Diluting the dollar isn't the only way the government abuses the willingness of citizens to back things (e.g. do you enjoy backing Tesla?). The nation would never survive if all the notes the politicians have guaranteed with our backing were called. Committing our "full faith and credit" is even easier for them than simply spending our money.
In reality, anyone can use any currency they like. This is most often demonstrated by trading favors or items without even using the proxy of a currency. We do it all the time. The government doesn't like this because they have no opportunity to tax the transaction.
The only requirement for a currency to be "valuable" or "backed" is that both parties in a transaction believe in its value.
Boiling it down, the US Dollar is defined as our official currency simply because it is the only currency the government will accept in taxes.
I'm interested to hear other thoughts on these ideas.