Gold standard

>gold standard
Are there actually people on this board that think this is a good idea? How dafuq would you implement that with 20 tril in debt?

Cancel the debt. Revalue gold to 50k an ounce. Hang the moneychangers. Start building space elevators.

You erase the debt. It's fake.

The US can't, but solvent countries can.

our money is still mostly backed by our gold reserves

Whatever system Hitler had is what I want done. He didn't base the money on gold or debt (like our current reserve system does.) It was based on labor, I'm not sure on the specifics though.

I dunno if this is bait or if you actually think this..

It's still a fiat system, just less shitty than the debt based fiat.

by labor do you mean productivity? gdp? full employment? because that just sounds pretty dumb.

I would love to go back two centuries to be part of stupids imperialistic wars for a lot of Shinny metal for the sake of it

It used to work in Europe for around a thousand years until 1945 so I think he isn't joking.

You kill the owners of your debt. And enyone else who try to fuck with you.

Who the fuck cares?

>How dafuq would you implement that with 20 tril in debt?

that's the point, if your currency is actually backed by something you can't fuck up your economy to such an extent that you are in debt for more money than there is on earth

...

Individuals should have "a gold standard". ie. people should save their wealth in gold at home thereby taking it out of the banking system.

No one alive today can inherit the debt of others lawfully. It has been created out of nothing so it can be erased back to nothing. Its fake, but it still devalues the currency making work pay less.

I think I've heard this one before.

They're called debt jubilees and they are the only way you can implement fractional reserve lending without the economy crashing every generation.

it was something like 1 reichsmark is backed by one hour of labor

You don't, are you dumb?

Hitler had an off the charts retarded policy of "workers vouchers" that you were paid in if you worked in certain blue collar industries and could exchange for necessities like food and rent with the promise that eventually once Germany got it's economy back on track you could exchange them for reichsmarks, and then when people caught on that this was never going to happen surprise surprise it's time to invade Poland to get the war economy moving and distract everyone from the fact that they wasted years of their lives working for monopoly money, same reason the American military wants to invade Iran so fucking bad at the moment

it would be glorious if trump, during his second term, straight up got america out of debt through military force.

>if your debtors are dead then you win

The debt is in dollars, not gold backed dollars. Print 20t dollars and pay it all off at once. Then, after the inflation sets in, back the dollar with gold.

Fuck yeah

>How dafuq would you implement that with 20 tril in debt?
Who cares about the debt. Just don't pay it

Look at him, look at him and laugh

not a bad sounding plan.
>In addition, Congress has the power to coin money, create the postal service, ...

Worldwide Bankruptcy. End the FED. End all central banks worldwide. End the IMF. Reset. Ban them from ever coming back.