as it is, when they ask for payment, we write them an electronic check. The electrons are virtually free. We do not even have to print paper. Its nice we are "screwing" the Chinese and that they will take electronic representations of pieces of paper with George Washington's face on them in exchange for TVs and shoes - but unfortunately, I am getting screwed at the same time with a higher cost of living, destruction of my wages and particularly, my savings.
I wish the gold standard would solve all problems, but it won't. President Trump is doing a decent job at correcting the problems with the Chinese. A gold standard might have prevented them from occurring, but I doubt it. Without a relatively stable world, savings become meaningless. The U.S. is the sole world superpower. We became that because our capitalist system, tempered by Christianity, has been incredibly productive and successful.
Now that we are at the top, we cannot abdicate our power without having a decrease in our purchasing power, it seems.
I wish I had an easy solution.