Quote from: Bitcoin Enhanced on April 20, 2020, 03:37:54 AM

Can 9 words end the financial crisis?

https://www.zerohedge.com/news/2020-04-20/can-one-sentence-end-financial-crisis

It seems to me that this article is some clickbait fake news,or Trump is talking nonsense again.
USA can never return to the gold standard with their gigantic budget deficit and trading deficit.
They desperately need to print more money in order to keep their economy "above the water".
If they return the gold standard,the Federal reserve system will have to send all US gold reserves overseas in order to pay for the US debts.This simply ain't gonna happen.
The gold standard isn't a panacea to any financial crisis.This global crisis has nothing to do with finances and the global business cycle.