Dr. Scott Young: How the Gold Standard Actually Works to Replace the US Budget
Dr. Scott Young: How the Gold Standard Actually Works to Replace the US Budget
9-9-2025
In this detailed and reflective video, Dr. Scott explores the complex economic challenges facing the United States, particularly focusing on the national debt crisis and the potential role of gold revaluation as a solution to replace the traditional federal budget and the IRS system.
He begins by explaining his personal journey of questioning the future and seeking divine guidance on what actions and thoughts are necessary amid ongoing financial turmoil. Dr. Scott critiques common financial terminology and stresses the importance of backing hope with evidence.
The core of the discussion revolves around the unsustainable U.S. federal debt, currently exceeding $37 trillion, with annual interest costs nearing $1 trillion—surpassing the entire defense budget.
The government’s persistent overspending and reliance on borrowing create a debt spiral that threatens economic stability, exacerbated by the risk of rising interest rates which would further inflate debt-servicing expenses.
Dr. Scott highlights the paradox that government spending is a critical driver of GDP, so drastic budget cuts could trigger a recession and shrink tax revenues, worsening the debt problem.
Drawing parallels with Japan’s nearly two-decade-long experience in yield curve control, Dr. Scott warns that the U.S. is on a similar path of unsustainable debt and monetary policy with no viable exit, leading to inflation and economic stagnation. He references the Bretton Woods Agreement and Japan’s role in supporting the U.S. dollar to illustrate historical financial interdependence.
A significant portion of the video discusses recent federal proposals around gold revaluation, including legislation that could require the Federal Reserve to revalue gold certificates to their fair market value and adjust the budget accordingly.
This revaluation could create new budget-neutral spending power without increasing debt, potentially replacing the IRS tax system and ending the Federal Reserve’s current monetary regime.
Dr. Scott explains how previous gold revaluations, such as those in the 1930s, effectively devalued the dollar and expanded government spending power.
He further analyzes the gold reserves available in the U.S. and globally, discussing estimates of gold holdings and their potential to cover trillions in budget shortfalls if revalued at higher market prices.
This could enable a massive fiscal reset: eliminating national debt, balancing the budget, and instituting a gold-backed currency with zero inflation and simple interest.
Dr. Scott emphasizes that such a transformation would require coordinated action between the military, economic, and political spheres.
In addition to the fiscal discussion, Dr. Scott touches on state-level budget abuses and fraudulent spending as examples of systemic inefficiencies. He warns against speculative financial schemes like QFS crypto and advocates for a grounded, faith-based approach to understanding economic reforms.
Finally, he frames the ongoing efforts as a “war” against corrupt cabal interests, with the military playing a crucial role in enforcing executive orders to reclaim control over the economy.
Throughout the video, Dr. Scott encourages viewers to balance hope with faith grounded in evidence, acknowledging the difficulty and length of the process but promising transformative change on a global scale.
For a deeper dive into this groundbreaking proposal and to explore the full details of Dr. Scott Young’s vision, we highly recommend watching his complete video for further insights and information.