The Gold Standard Restoration Act

A realistic, albeit truly painful, approach to reversing advanced debasement of our national currency:

1.) Accurate accounting of current gold reserves.
2.) Freeze Treasury issuance.
3.) Monetize US debt.
4.) Revalue dollar-denominated gold relative to total US money supply.
5.) Increase gold reserves on a scheduled basis with, say, 2% of national intake from tariffs.
6.) Retire US Dollars on a schedule commensurate with increases in gold reserves.
7.) Future currency elasticity may be ensured through expansion or contraction of gold reserves, as opposed to issuance of debt.