Yeah, "Fiscally conservative military member" was probably just optimism and Chu-Hi talking. My bad.
(Guinneapigfury is also 100% right about the standard spread of business around the main gate of Anybase, USA.)
As far as the gold standard...yup, it is an old system that nobody uses anymore. That's why I said "something...ANYTHING".
No, I'm not so foolish as to think that being on a fixed standard of some kind would solve all of our problems. I do think it would greatly curtail the whole "kicking the can down the road" idea, which seems to be the only plan that absolutely has bi-partisan support in Washington these days. (Yes, everybody SAYS they want to solve the debt problem by <###, YYY, ZZZ>. But really, what do they wind up DOING?)
Wait while I dig out my crystal ball...ok.
"What will happen at the end of this year, when "fiscal cliff" of automatic tax increases and budget cuts arrives due to tomfoolery on both sides of the aisle and in the SuperCommittee?"
"All signs point to can-kicking, possibly disguised as 'We'll do this easy part right now, the hard stuff we'll get back to...ummm...later!' and/or development of the 'WeReallyMeanItThisTimeSuperDuperCommittee', which will also deadlock."
Currently, we are no longer rated "AAA" across the board - one of the three credit rating agencies disagrees with your confidence in the USD being backed up by the "full faith and credit" of the USA.
But hey, it's just one of the three, right?
Well, good news! We've painted ourselves into a corner.
Either:
a) We allow the US economy to "go over" the cliff - possibly causing a double-dip recession (I guess the economy is doing great now???)...and we'll get downgraded by another agency (see PIMCO's Bill Gross, other news analysts, etc.), leaving us with a "AAA" rating at only ONE agency.
b) We waffle as predicted in my crystal ball, change the law at the last second/pass a resolution to really, honestly, no-kidding take care of the budget...someday/etc. (I haven't heard of the impact of this from any news agency, despite it being the obvious outcome...??)
Then...I wouldn't be surprised to see a downgrade to USA's credit rating, for failing to follow it's own laws - from both remaining agencies.
Anyway, the only thing I stand behind 100% in my post is:
#2 - I'm not implying I have all, most, or even some of the answers. This is just my two cents.