Not sure it’s inflationary at all. Half a trillion bucket against the need is about three months. But wouldn’t it be deflationary as this debt would be issued at a fair market value against a tangible. As our currency currently floats on the full faith and credit but is not pegged to a commodity, the fed can print money with zero collateral. That is inflationary. This would take 1/60th of our debt and drop it on a gold standard. That becomes quite a hard ceiling for that portion of the debt.
“Not sure it’s inflationary at all.”
It would be no more inflationary than Joe’s show us your “white flag” again plan.
Wouldn’t that be selling our gold to the Fed? How about we seize all the properties of the Federal Reserve and begin again? How much in paper wealth do they hold? Track it down using 0’s and 1’s. and seize that too.