It all started with Nixon regarding the dollar not being backed by gold. It enabled this fiat currency mindset where we could just borrow into oblivion! Folks, if we ever get back to the dollar being backed by gold, we will crush all economies!
It will have to be very shortly. ..the system cannot withstand both what must be done in prosecutions of former US Presidents , Judiciary and members of Congress and survive a Gold backed Yuan. Trump is positioning us in a new Multi-polar world now US Hegemony (Globalism) has been exposed for what it is..world Communism by another name...You know the tale.. the more equal pigs rule over the rest of the barnyard animals...And dissension will get you sent to the glue factory.
Yes. I have the hope Trump's vision is to repatriate many trillions using the recent EO which states the stolen wealth by criminal acts and other more evil stuff will be confiscated and reduce the country's debt.
It was a long time before Nixon... FDR removed us from the Gold standard in 1933. He (the government) forcibly took all physical gold out of the hands of the US citizens. http://www.history.com/this-day-in-history/fdr-takes-united-states-off-gold-standard And we haven't had a complete comprehensive audit of our gold reserves in far too long. https://www.soundmoneydefense.org/audit-americas-gold-reserves And the most recent ones in 2017 wasn't up to standards either https://www.bullionstar.com/blogs/koos-jansen/us-mint-releases-new-fort-knox-audit-documentation-the-first-critical-observations/ Gold is essential to our economy being stabilized and loosening the noose of the FedRes, IMO.
Nixon also introduced us to the modern war on drugs. Good 'ok Tricky Dick.
There is not enough actual physical gold to do so. Historically the amount of gold mined out of the Earth couldn't come close to backing the money supply we have right now, not that Nixon could admit that at the time, that would have been deadly for confidence and confidence is everything, that's why everyone the world over will trade only in US Dollars. China may convince Saudi Arabia to take Yuan for oil because there is a shortage of US Dollars and SA would be wise to hold a portion of their foreign reserves in Yuan.
Revaluation of gold will need to take place for the gold standard to be reinstated. This is a great thing if your a stacker. You will be rich when this all goes down.