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[Music] welcome to Asian quick take I am Jacob the U.S economy is splitting and the global de-dollarization phenomenon is becoming increasingly severe several U.S states are trying to find alternatives to the dollar among which Texas has proposed two bills SB 2334 and HB 4903 to create a state-issued digital currency backed by gold that can be exchanged for dollars or gold residents of the state can choose to use or hold US Dollars gold or gold backed digital currency this will provide the basis for breaking the federal reserves Monopoly on the U.S dollar the various states of the U.S are entering a state of relative decentralization in the currency field exacerbating the phenomenon of economic division in the U.S [Music] April 8th three U.S congressmen introduced H.R 2435 the gold standard restoration act to facilitate the repegging of the volatile Federal Reserve Note to a fixed weight of gold bullion this is at least the sixth time that Congressman rep Alex Mooney a staunch defende
