No and no.
You can’t go back to an asset backed fiat system. With GDP to debt ratios at or above 100% there’s no way to apply a gold standard.
You can’t go back to an asset backed fiat system.
An asset based currency is by definition not a fiat currency.
Once you have a blockchain tied to physical allocated gold, it becomes a competing currency, like bitcoin but with real assets tied to it.
In fact, a blockchain can be tied to any asset and used as a transactional mechanism.
Thus, it is not really about “applying” the gold standard. Instead Gold/Silver become a competing easily transactional asset via blockchain peer to peer.
The free market then will determine the value of each blockchain. My bet is that Gold/Silver will do much better than debt based money.
This is all coming soon. Just watch, it is game changing and the globalist hate it because the transactions are all peer to peer via blockchain technology. They will not give up the keys to the global banking transactional kingdom too easily.
IMHO, this is the real fight that the globalist banksters will eventually lose.