The gold standard isn't the solution everyone thinks it is. Yes, it makes it harder to get away with running the printing presses, but that's about it.
As long as everyone continues to borrow money for houses, cars, and monthly expenses on credit cards they don't pay off, and continues to buy goods and services from corporations, the gold will just end up in the hands of the same people.
The gold standard also does not prevent companies like PayPal from stealing or freezing the electronic representation of gold.
Monetary policy and control/ability to surveil financial systems needs to be taken out of the hands of politicians and private central banks. Gold solves the monetary policy/printing press aspect, but it does not solve censorship and privacy as long as we are using electronic representation of gold for transactions inside of networks that are controlled by the same people.
It would be much simpler to implement, though. No?
It's a start.
There isn’t enough physical gold in existence to make it viable. When it comes down to the the everyday man you would be dealing in nano particles. Plus, it would indeed just all end up in the hands of the big world swallowing monopolies.
There isn’t enough physical gold in existence to make it viable.
I'm not saying we all use gold itself for purchases. I'm talking about gold-backed currency.
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