That doesn't look like the goldbug cure for deflation.
Inflation and deflation are not really opposites, but the two sides of the same coin. (Base metal, I might add.) Inflation or deflation are your two alternatives, when you have ruined your underlying economy with endless fiat money and an endless debt/credit consumption orgy, as the US has done.
The economy is rotten, and the choices at this point are BOTH bad.
The "solution" is sound money, and not climbing a mile out onto the flimsy branch of unlimited fiat money and debt/credit consumption.
Of course, that will have to come AFTER we rebuild from the ashes of our now-inevitable crash.