An idea whose time has come?

What are Goldbacks? Here's a FAQ's page .

If 1 goldback equals 1/1000th of an ounce, that would mean it would be worth about $3.50, since the gold price currently is about $3500 oz.

Interesting idea.

Could this be expanded a bit? What if you were to replace the US dollar with a currency that would be backed not by debt, but by something of value. Such as Goldbacks, for example.

You could then pay off all the debt with goldbacks, and save money on interest. Interest payments are becoming too cumbersome to service. Either spending is cut drastically, or the currency is expanded to a degree that may cause massive inflation.

There may be objections to the creation of currency out of thin air, but that happens already. Why add to the problem by having the additional burden of debt? Make the currency worth something in itself, so that people will want to own it.

It's an idea. We need something because the leftists are shutting down everything. We need to open things up. When the leftists shut everything down, inflation must result. Opening things up will actually do more to tame inflation than to keep interest rates sky high.

The real purpose of sky high interest rates is to cripple the economy. In so doing, the schemers will try to pose as white knights that will rescue us from the disaster that they created themselves.