gfp:
Imposing a gold standard on the US Dollar would prevent the Fed from continuing its orgy of money creation. Without all those digital Dollars the Fed would not be able to be the biggest buyer of US Treasuries. Without the Treasury Market's biggest buyer the yield on all Treasury paper would rise. That would completely tank the post issuance Bond market. So we'd have a bond market crash.
An increase in yields would then lead to an increase in mortgage rates, consumer credit borrowing rates, etc. That would prick all the real estate bubbles that have developed since the Fed went full moron with loose money. So we'd have a real estate market crash.
And if the Fed was no longer creating Trillions in digital Dollars they wouldn't have money to feed to all the Money Center Banks that turn around and buy equities. Then you'd finally see a long overdue stock market crash.
So adopting the gold standard would decimate the bond, real estate, car loan, and equity markets. Tens of millions would lose their jobs. Almost all pension funds, public and private, would default. Insurance companies would go belly up.
The one bright spot in this scenario would be that I'd be able to buy an island somewhere and as long as I had an internet connection I'd be able to follow the collapse of the world as we've known it.
AI
