Hi Richard,
History has shown gold works, but not well. But then, is the current system "perfect"?
Actually, the gold standard, while not perfect, was perfectly adequate. But no standard can survive where elected leaders and the high-level financial types collude to do everything in their power to bring it down. Such was the case with the gold standard.
Ironically (and justly), the manipulative and extractive system they've imposed across the planet in lieu of a convertible gold standard appears to be blowing apart at the seams, despite all efforts to keep it functioning.
The only advantage to the current system is that it allows a few millions of "useless looters" to quickly and efficiently extract the productive efforts and strip the real assets of the vast majority of working individuals all over the Earth. The useless looters add nothing of value to the real economy, they only take from it. In fact, the useless looters have manipulated and extracted from the real economy to such an extent over the years that an enormous edifice of debt and nervous, non-productive, extracted wealth now towers rapaciously over the real economy, dwarfing it by at least an order of magnitude, sending the world into spasms every time it attempts to reorient itself.
Other than that, everything is "perfect". |
