In this report I discuss H.R. 5404 which is a bill introduced to the 115th U.S. Congress to define the dollar as a fixed weight of gold by congressman Alex Mooney of West Virginia's 2nd congressional district.
The bill is a long way from becoming the law of the land but if it were to pass through both houses of congress and be signed into law by President Trump it could strip away the power of the central bankers manipulate the price of money and the markets.
The findings of the bill show that the U.S. economy performed a great deal better when the dollar was defined as a weight of gold prior to the creation of the Federal Reserve System in 1913.
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