Anybody? No name calling please. Is it possible to turn this ship around or has the ship sailed too far away and the deed is done? We came REAL close to a big turn around and it started to go the right way but too many 'nay sayer's shitted on it and now look where we are. I hope you 'nay sayer' people are happy!!!!! Like the current 'economy'? because your about to get a WHOLE LOT MORE!!!!!!
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Yes. Return to sound money. The 80s were ~10 yrs post species. It would take some time but too could do it with oil. We are largest oil producer. We could become a petro state, fix the issues, and then diversify towards a basket of commodities.
Venezuela did everything ultra socialist and went broke within a few years. Hillary on record stated she 'couldn't be more proud of Venezuela' when they did shit stuff with their oil and people there were starving. They were among the largest economies before the current leader stopped caring.
The currency basket approach doesn't necessarily require socialism though. I'm advocating the central bank serve as a broker of commodities as a means is stabilizing the currency. Similar to how they used gold to back the dollar previously. Not ideal but then again neither is our current situation.