Friday, April 27, 2018

Congressman Demands Answers From the Treasury Secretary and Federal Reserve Chairman About US Gold Holdings and Policies


Congressman Alex Mooney (R-WV) continues to impress as one of the most important members of Congress. Earlier this month, he introduced a bill calling for a return to the gold standard.

As the month closes, Mooney has sent a letter to Treasury Secretary Steve Mnuchin and Federal Reserve President Jerome Powell. In the letter, Mooney coolly states "I wish to learn more about activities of the Federal Reserve and U.S Treasury involving gold."

He then asks what the U.S. government's current policy on gold is.

He concludes with questions about gold swap activity, other derivative activity and if any transactions have been conducted by the U.S. government in gold or gold derivatives with the Bank for International Settlements, the Bank of England or other central banks or governments.

-Robert Wenzel  

4 comments:

  1. Yep. Back in the mid-90s he took a handgun self-defense course from an instructor I recruited as part of a group that I organized.

    ReplyDelete
  2. Huh...

    I always thought Congress had the power to "..coin money, regulate the value thereof..." (etc.)

    Then again, maybe not.

    ReplyDelete
  3. Michael; Yes the Consti. says '"..coin money, regulate the value thereof..." (etc.)' but 'coin' is the key word. This way, the govr cant fund their excessive spending except by incraseing the price of gold. This will impact the exchange rate so the purchasing power is less. In my plan, gold has no 'price' because it IS the money, by weight of 24 ct gold in the coin, and weight is the 'unit of aCCOUNT' for pricing and saving. See more at my site www.SaferInvesting.org, and my books on Amazon.com. Comments? Thanks to Rep. Mooney for your work. Regards, Dave Redick, Madison, WI

    ReplyDelete
  4. Mooney the unlikely patriot....hurrah...

    ReplyDelete