To compare it to a a business taking out a loan is nonsensical. Businesses repay loans, and those loans are backed by assets (such as the business or the plant being built)
You represent exactly the problem I'm talking about. You know nothing about economics and you can't even make an economic argument (re: your assertion about the gold standard) yet you are totally convinced that I said something wrong. You have been taught to believe junk science and not only to believe it, but to believe that anyone who speaks differently is somehow wrong and not worth arguing with. This is ideological conditioning, and politicians use it effectively to be able to put one over on you, and others like you. Since much of the population was educated in government run schools to engage in non-think this way, I will never convince you.
And that is why this countries economy is going to continue to crater, until we have a major political upheaval.