US government officials, in an unprecedented gesture, disclosed all gold holdings and hidden gold transactions, which made the United States follow a new standard that allows the price of gold to keep pace with its fair market value.
A period of more than two and a half years has been set before the US Treasury and the Federal Reserve to reveal all gold transactions, when the Federal Reserve will link the dollar to a fixed weight of the yellow metal with its market value.
There will be the possibility of a full refund of the Federal Reserve papers and their replacement with gold at the new fixed rate, with the Federal Reserve Banks backed by the Ministry's gold reserves as their guarantor.
This standard will change the habits of irresponsible spending and making money out of thin air by shaping prices through the economy that will be beyond the control of reckless spenders.
Eliminating the possibility of recovering gold from the monetary system left federal officials unaccountable as they were expanding the money supply and financing government deficits by cheating the economy with trillions of dollar bond purchases.
This year, the Federal Reserve's actions increased inflation rates by nearly 10 percent, making it difficult to keep up with the high cost of living for many Americans.
The debt-based fiat money system is built especially to support the big government, but the Federal Reserve's devaluation policy punishes savers because it undermines the economy. In order to combat inflation, gold must be recovered to scatter the growth of ineffective government and the beginning of an era of prosperity and prosperity.