The Federal Reserve Says, We Will Not Grant You a King Account Deposit

Bob murphy: How would you transition back to a fully backed gold currency? He says the way gamis's proposal uses the existing market price as the anchor. But it doesn't insist that we immediately, like, suck away the dollars that aren't backed up by gold. i'll j stop that train of thought by but my point is, if you go and lock in a huge dollar price per gold weight, higher than the current market price, it's not obvious that that's the move towards monetery integrity either.