Introducing the Dollar Restoration Act, a comprehensive proposal aimed at strengthening the U.S. economy through significant monetary reforms. This act proposes ending the Federal Reserve System, returning to the gold standard, limiting the government’s ability to print money, and requiring a federally balanced budget. By reinstating the gold standard, the U.S. dollar would be backed by tangible assets, promoting currency stability and reducing the risk of inflation. Limiting money printing would prevent the devaluation of the currency, protecting citizens’ purchasing power. Mandating a balanced federal budget ensures fiscal responsibility, reducing national debt and fostering economic sustainability. The “Dollar Restoration Act” seeks to restore confidence in the nation’s financial system, safeguard individual wealth, and promote long-term economic prosperity for all Americans.
In addition to “ending the Fed” the US treasury resuming the production of American currency.
The coinage and paper should stop the inflationary changes in metal/material concentrations within coin currency, to maintain inherent value.
The US dollar should be backed by the US gold reserve, the US Bitcoin reserve, and the US Treasury’s surplus US dollar balance.
The US fiscal budget and monetary budget MUST be brought into balance. You can’t write checks by printing money. Any currency minted by the Treasury must be backed by gold, Bitcoin, or shelved currency within the US Treasury.
A realistic, albeit truly painful, approach to reversing advanced debasement of our national currency:
1.) Accurate accounting of current gold reserves.
2.) Freeze Treasury issuance.
3.) Monetize US debt.
4.) Revalue dollar-denominated gold relative to total money supply.
5.) Increase gold reserves on a scheduled basis with, say, 2% of national intake from tariffs.
6.) Retire US dollars on a schedule commensurate with increases in gold reserves.
7.) Future currency elasticity may be ensured through expansion or contraction of the gold reserves.