[triumphant values]

But in the end, if we went to a metals backed US currency, we'd be much much worse off than we are today. We don't have the mining deposits available without years of reopening and starting up mines again, and it'd just be a constant downward spiral as we offer more and more greenbacks to purchase the metals we're going to back our currency with. The constant devaluation would just make international trade turn to another currency to do their trade in while we self destruct.

It's the ratio that would matter then, not the nominal.

[kingu]

The ratio I was concerned with was simply the portion of the US federal budget that was in deficit, vs the worldwide production in that year of metals. I know there’s not going to be anywhere near enough reserves to back all the US dollars.