[Renew America] Yes he does. The Federal Reserve System is collapsing due to the inherent instability of a monetary system, not based on gold & silver, but on the Fed's "right" to create "money" out of thin air [1] which it then lends to the US Treasury (and is added to the national debt),[2] in order to fund the federal government's massive, grotesquely unconstitutional, and out of control spending.
This process of allowing the Fed to create "money" out of thin air with nothing behind it has been going on since 1933, when the promise (set forth in ยง16 of the Federal Reserve Act of 1913) to redeem Federal Reserve Notes in gold was revoked as to domestic holders;[3] and culminated during 1971, when redemption of the Notes in gold to international holders was also suspended.[4]
Once the statutory promise to back Federal Reserve Notes with gold was rescinded, the sky was the limit on how much fiat "money" the Fed could create, lend to the US Treasury (and be added to the national debt), in order to fund still more massive, grotesquely unconstitutional, and out of control spending by the federal government.
Now we have reached the point where the federal deficits are so huge and increasing at such a furious pace that our entire fiat "money" financial system is coming apart.[5]
So what are we going to do about it? Does Trump want to get rid of the Fed so we can return to the constitutional money system described in Point 2 below?
Trump may say that he wants to return to the gold standard;[6] but the USMCA "Trade Agreement" he signed doesn't do that. The Globalists' Plan, which is advanced by USMCA, is to ratchet up the fiat "money" system created by the Federal Reserve Act of 1913, from a national to a global level with a central bank and the International Monetary Fund (IMF) managing and enforcing an international monetary system. And as Edwin Vieira, Ph.D., J.D., warned 8 years ago [here]: 
|
