1) your recollection of history - re banking crisis during gold standard vs non gold stanard (or a better study, FED vs NO FED) is completely off line; how do I know: I did a bit of research on people deciding to counter your false argumements that are put forward by anti-gold crowd
Now the arguements you raise are not put forth by unbiased investigators; they are put forth by anti gold, pro fiat, pro FED propagandists; you should research yourself how the economies of the world fared (banking crisises, and debt, and real grown) compared to the gold standard vs non gold standard... and the FEDs vs pre FEDs era
It is not hard to find the real facts to show the propagandists are simply lying
2) How do you propose the US pay the interest on debt at normal interest rates; that just adds an extra 1 Trillion a year to their already 1 Trillion a year budget deficit
Please, tell me where the US FED will find an extra $1 Trillion a year with no QE and and normal interest rates. I really, really will like you to answer... the US has current deficit of $1 Trill a year (we are not counting QE); at normal interest rates they will need to FIND another $1 Trillion; how will the US turn around their govt budget by $2 Trillion a year; I await your answer
