Can I Has Gold Standard Nao Prx?

Central banking is bullshit. The stability provided by a gold or silver backed currency increases growth in the long term more than artificial booms and busts caused by central banks lowering interest rates.

Let's look at the current bank and mortgage situation in the US.

1. Fed lowers Federal Funds Rate to increase money supply and spurn economic growth.
2. Banks find themselves with a surplus of reserves by 1.
3. Average investors are tired of the 21st century's weak stock market and decide to get into real estate.
4. Banks, with a surplus of reserves, make loans to anyone with a pulse.
5. Speculators, trying to get in while it's good, take high risk loans because interest rates are low.
6. 3-5 combine to form a housing boom.
7. 6 causes an artificial inflation in real estate prices.
8. Due to 7 and a new (artificial) sense of wealth, people take out mortgages on their homes.
9. Inflation, caused by 1, manifests as the new money makes its way through the economy.
10. The economy contracts just as suddenly as it had expanded.
11. Those who took the most risk during the expansion now take the hardest fall as the malinvestment in the housing market and mortgages is liquidated.

This is where we are now. Unfortunately, amidst the second largest bank failure in US history, the charlatans in the US government are the ones with the least understanding of why. So I ask again, can I has gold standard nao prx?

>>10
It's a commodity for which there are vast worldwide swings in supply and demand, and also, as an added bonus, just because it's a "precious metal," there are likewise hordes of speculators to amplify every tiny upturn and downturn in global prices.

And thirty years ago there wasn't nearly as much gold being used in the innards of semiconductor chips as there is today.

I repeat.  Do you REALLY want to peg the value of your currency to an industrial commodity whose value gyrates wildly up and down year after year?

Shit, how about pegging the dollar to frozen concentrated orange juice futures instead?  At least the demand for orange juice in the US is relatively stable.  And at any bank you'd be able to redeem your paper money for an ice cold Orange Julius!