Love your points. You’re right, it’s gonna be a sh*tshow. I’ve been promoting a switch from a consumer society back to a production-based-agarian society.
You made a big point: there isn’t enough money supply to pay off our debt, and by that point it won’t be a reserve currency. So we need to default, or pay it through production in order to limit our money supply, so that it can be backed by commodity metals.
Instead every time, during the 1800s, that silver would leave US circulation Congress would debase our currency instead of expanding it’s backing (Coinage Acts of 1853&'73). This should be done with a commonly agreed upon, valuable resource that’s in high demand. Allowing for the expansion of the money supply, and therefore the economy (which is what was originally intended) but preventing the current fiat global expansion of our money supply.
First step is money out of the creation of legislation. Secondly, a tariff based taxation system, and the end of direct taxes needs done. I’d value limitations being established on how much of a deficit the gov’t can run before having to encourage a surplus. The Great Tariff Debate of 1888 is a great example.