Why Gold Based International Trade Is A No Brainer

The recent US strikes on Iran have sparked debate about America's role in the world, particularly its position as the global policeman. The US dollar's status as the primary exchange currency is a key aspect of international security, but it also creates a burden on the US to maintain its value. The dollar's strength is often seen as synonymous with American strength, but a return to the classical gold standard could benefit both the US and other countries. This change would give the US more strategic flexibility and protect it from the risks of massive inflation if other countries were to abandon the dollar. A gold-pegged system would also allow other countries to trade more effectively, without worrying about the instability of their own currencies or the perception of their actions by foreign exchange traders. Smaller countries would gain financial independence and be able to seek neutrality more easily. The use of gold as the backbone of international trade would eliminate market distortions and provide a more stable and observable financial system. It would also allow countries to make more informed decisions about trade and wealth, without being influenced by manipulated monetary policies. Overall, a shift to a gold-based system could promote industry, independence, and financial stability around the world.