{"id":2007974,"date":"2023-08-22T11:19:01","date_gmt":"2023-08-22T15:19:01","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/efforts-to-protect-us-intensify-amid-global-shift-from-dollar\/"},"modified":"2023-08-22T11:22:11","modified_gmt":"2023-08-22T15:22:11","slug":"efforts-to-protect-us-intensify-amid-global-shift-from-dollar","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/efforts-to-protect-us-intensify-amid-global-shift-from-dollar\/","title":{"rendered":"US intensifies efforts to protect itself as global shift away from dollar accelerates."},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">26<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fefforts-to-protect-us-intensify-amid-global-shift-from-dollar%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=2007974&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><h2>Gold and \u2063Precious Metals: A Solution to Economic Instability?<\/h2>\n<p>In the \u2062face of \u200cinflation and the potential loss of the\u200d U.S. dollar&#8217;s status as the\u200c global reserve \u2063currency, lawmakers at both the federal and state levels \u2062are turning to\u200c gold \u2063and precious metals\u2062 as a solution. Proposals to back the dollar with gold \u200dand\u200c facilitate commerce in precious metals are gaining \u200ctraction.<\/p>\n<p>Lawmakers argue that restoring\u200b gold \u200bas money would defend the dollar,\u200c stabilize the economy, rein in government spending, and protect U.S. interests.\u200c U.S. Rep. Alex Mooney introduced the Gold \u200cStandard Restoration\u2063 Act, which would redefine \u2064the dollar in terms of a fixed weight\u2063 in\u200d gold \u200dand require\u2063 the\u2064 exchange\u200c of paper currency for gold.<\/p>\n<p>State-level \u2064initiatives are\u200d also underway. In Texas, \u200blawmakers are working to \u200cfacilitate commerce in gold through the\u2062 Texas \u200bGold Depository. They believe that gold&#8217;s historical value and stability make it an ideal standard\u200d for economic\u200c crisis and instability.<\/p>\n<p>Renowned economist\u2064 Ron Paul, a longtime \u200dadvocate for the gold standard, believes\u200c that \u2062gold will play a major role in \u200bthe future. He criticizes alternative currencies \u2062without inherent value and emphasizes the need for something tangible like gold.<\/p>\n<p>While the U.S. faces escalating economic and monetary turmoil, interest in precious metals \u2063continues\u2063 to grow. The decline of the dollar&#8217;s dominance \u2063and \u2062the rise of \u200calternative currencies are driving the demand for\u200c gold.<\/p>\n<h3>What Happened to Gold?<\/h3>\n<p>Until\u2063 about 50 years\u2064 ago, the U.S.\u2062 dollar was backed by gold, providing stability \u2062to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/israel-cuts-dollar-holdings-adds-chinas-renminbi-for-first-time\/\" title=\"Israel Cuts Dollar Holdings, Adds China\u2019s Renminbi for First Time\">global monetary system<\/a>. However, major policy changes, \u2063such as the \u200destablishment of \u200dthe Federal Reserve\u2062 and the severing of the dollar&#8217;s link to gold, have led to the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/efforts-to-protect-us-intensify-amid-global-shift-from-dollar\/\" title=\"US intensifies efforts to protect itself as global shift away from dollar accelerates.\">current\u200c fiat monetary system<\/a>.<\/p>\n<p>As the problems with\u200d the dollar grow and \u200bU.S. adversaries actively work to replace it, interest in \u200cgold as a solution is increasing. Central banks worldwide are buying\u2062 gold in record quantities, and non-Western countries are considering a gold-backed currency.<\/p>\n<h3>Gold Standard\u200d to the Rescue?<\/h3>\n<p>Congressional Republicans argue \u200bthat \u2062legislation tying the dollar \u2064to \u200cgold is urgently needed to\u2064 protect against extreme \u200bspending, inflation, and the\u2063 potential loss of the dollar&#8217;s global reserve currency status. \u2064They believe\u2062 that the gold standard would provide stability and restrict government\u2064 spending.<\/p>\n<p>While federal action may be challenging, state-level\u200d initiatives\u200c are gaining momentum. Texas, in \u200dparticular,\u2063 is <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/pennsylvania-dumps-degree-requirement-for-65000-jobs-emphasizes-practical-experience\/\" title=\"Pennsylvania Dumps Degree Requirement for 65,000 Jobs, Emphasizes Practical Experience\">making significant moves<\/a> to \u200bexpand the use of\u2064 gold. The \u200bTexas Bullion\u200c Depository allows for the storage of precious metals, and lawmakers are working to facilitate \u200btrade within the state using gold.<\/p>\n<p>Lawmakers \u2063and experts hope that Texas&#8217;s \u2062gold system can serve as a model for other states and countries, providing individuals \u2063with the\u200d opportunity to \u200btransact using \u200bgold and silver.<\/p>\n<p>As the <a href=\"https:\/\/www.conservativenewsdaily.net\/breaking-news\/sec-moves-to-curb-stock-buybacks-drawing-criticism-from-companies-and-investors\/\" title=\"SEC limits stock buybacks, faces backlash from firms and investors.\">economy faces uncertainty<\/a> and the value of currencies \u2062plummets, gold and \u2062precious metals are emerging as potential solutions to stabilize \u200dthe economy\u2062 and protect against economic calamity.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>gold, to state-level proposals to allow gold and silver to be used as legal tender, policymakers are exploring ways to protect the economy. As inflation rises and the dollar&#8217;s dominance wanes, the focus is shifting towards precious metals to restore stability and confidence in the financial system.<\/p>\n","protected":false},"author":251,"featured_media":2007975,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[543],"tags":[],"class_list":["post-2007974","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-epoch-times"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2007974","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/251"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=2007974"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/2007974\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2007975"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=2007974"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=2007974"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=2007974"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}