[Leaning Right]

> “A gold standard would protect against Washington’s irresponsible spending habits and the creation of money out of thin air,” said Rep. Mooney in a statement. <

I guess we can give Rep. Mooney points for trying. But he’s wrong. A gold standard plus continued Congressional overspending would just drain our gold reserves down to zero.

Better that Rep. Mooney focus on a balanced budget amendment.

[PGR88]

A gold standard plus continued Congressional overspending would just drain our gold reserves down to zero.

But oddly, that never happened in the 19th century

[PIF]

China is buying gold like no tomorrow. So the RMB is safe because there is a lot of gold to back it. The two are not tied togther but the could be at the stoke of Xi’s pen.

Meanwhile, the US is emptying its SPR into China’s SPR. But nowhere is anyone talking about the US government buying any amount of gold - or silver for that matter.