Nope. That would limit inflation and they NEED inflation to decrease the cost of the debt. They have lived on inflation for 100 years and they are not about to stop now.
And devalue the dollar, price gold at a gazillion dollars per ounce, send china a couple of old gold necklaces in one of those jewelry exchange envelopes and say “here ya go, our debt is paid!”
Returning to the gold standard does nothing except make it easier for the economy to implode.
Of course the economy is going to implode anyway. There is absolutely nothing we or anyone can do about it.
I hate it when I sound like a gloom and doomer : (
So when does the government, make owning gold illegal, and start confiscation? I think that they already did with silver (Liberty Dollars)?
Only after trying all other possible options only to fail at every try.....then.......THEN and ONLY then will the government and the Fed finally give in and return us to the gold standard. They will collapse the dollar first trying everything else and in the process send us into hyperinflation and make paupers of the vast majority of middle class savers that take no preemtive action to shelter their wealth. Of course this is all JMO, but we seem to be travelling down the same old well beaten path to financial ruin trod by so many other nations before us.
um lemme see... there’s about 500M in fort knox. we owe 14T, or 28 times that amount.
ayup! that’ll do it!