How bad would it be for the U. S. if we returned to the Gold Standard? How bad would it be if the U. S. gave up its position of Western Super power?

[CoffeeBeanBlack]

[BeMuse]

The United States holds the largest stockpile of gold reserves in the world by a considerable margin at over 8,100 tons. Additionally, America has another 3,000 tons in known mine reserves that can be extracted. In addition to our considerable wealth, all countries who interfered in our election system can have their assets seized due to an executive order signed by Donald Trump. Wait until you see that balance sheet… It’s HUGE! America still manufactures 18% of global goods only surpassed by China who accounts for 20% of global manufacturing. Much of Chinese manufacturing is dependent on the American market, and with proper incentive those percentages can quickly sway in America’s favor bringing us back to leading global manufacturing. When you are the biggest producer, it is easy to acquire more gold. America is a very competitive culture, so going back to Austrian economics would be extremely beneficial to our country.

[BeMuse]

We would be way more powerful than we are right now... That said, old currency would have to go, and a new block chain paper money would have to take it's place. To prevent counterfeiting no dollars could leave our shores ever and no old dollars could be allow to re-enter the market from over seas.

[BeMuse]

Foreign investors would love to be in an American currency that is backed by tangible assets. They would invest in our country even more heavily.

[worldscolide]

I wish we would return to the gold standard.. Sadly the gold we have in fort Knox likely does not exist any more.

[JuanVelasco2]

Exactly, in the US Federal Reserve and Fort Nox THERE IS NO GOLD, IT DISAPPEARED Are there gold reserves in the Federal Reserve and Fort Knox? Mejico's gold reserves are gone! But in London there is plenty Here's another Boveda in London In addition, the gold of England was protected in its colony Canada. What is known is that almost all the gold in the world is in London and that what the banks have in gold bullion like the ones China is buying is not gold, it is just gold plating.

[Anonymous]

Well, right now the world is forced at gun point to give a bunch of its stuff to the Unitied States through the petrodollar.

So if that stopped happening you would all have start working for a living.

[JuanVelasco2]

If the United States renounces being a Western superpower, its level of development would drop to the level of Chile, for example.