That said, if you have a system X, it can't prove it's own consistency, but a stronger system Y can prove its consistency (and perhaps some other stronger system can prove Y's consistency. This gives us a chain of systems, each proving the consistency of some weaker system).
That doesn't absolutely prove that the system is consistent--if Y was inconsistent, it could prove X is consistent (and also could prove that X is inconsistent). Nonetheless, it is still valuable. After all, part of our use of Y is the fact that we know of no inconsistency in it. And since formal systems often are subtly inconsistent, "consistent assuming some other system is consistent" is a lot better than "we have no proof whatsoever of consistency".
EDIT: I'm working under the hypothetical situation in which PA could prove its consistency. I know it can't but assuming that it could prove it's own consistency you still couldn't conclude that it was consistent since an inconsistent system can prove it's consistency.
The point being, having PA prove its own consistency couldn’t tell you anything of value even in the case that Godel’s theorems were not true. This is an interesting phenomenon. The only way to know a system is consistent is to know all of its theorems.