For many years rumors have been spread through the United States concerning the origin and meaning of the gold fringe which frequently decorates the Stars and Stripes. It has been claimed that such fringe is without proper authorization; that it is symbolic of the end of the gold standard as the basis for United States currency; or that it indicates the substitution of admiralty courts and martial law for common law courts and procedures, as part of a conspiracy supposedly instigated by Communists, Jews, Masons, liberals, feminists, homosexuals, or other "un-American" groups.
https://www.crwflags.com/fotw/flags/us-fring.html