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Wednesday, July 19, 2023

RFK Jr.: Back The Dollar With "Hard Currency"


It is no wonder that Robert F. Kennedy Jr. is polling at around 20% and rising. He is definitely not in lockstep with the hard left of the Democrat Party.

Previously, he spoke against Central Bank Digital Currencies (CBDC) and now promises to strengthen the U.S. dollar with "hard currency".

Cointelegraph reported:

Democratic presidential candidate Robert F. Kennedy Jr. has promised to progressively back the United States dollar with Bitcoin if he is elected president. 

Speaking at a July 19 Heal-the-Divide PAC event, Kennedy claimed that backing the U.S. dollar with what he called “hard currency,” including gold, silver, platinum or Bitcoin, could help to re-stabilize the American economy.

“Backing dollars and U.S. debt obligations with hard assets could help restore strength back to the dollar, rein in inflation and usher in a new era of American financial stability, peace and prosperity.”

Kennedy explained the process would be gradual and that, depending on the plan’s success, he’d adjust the amount of backing for the dollar.

To read more, go here

UPDATE (7/22/23):

Investing.com posted an article on Kennedy's sound money plank. To read it, go here.

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