These are all reasonable concerns, but they are not the only problems, nor do I think they are the main problems with a gold backed currency.

The main problem with a gold backed currency is the reliance on a gold backed currency. No matter how you solve the above problems, there will always be problems with reliance on any single (or dual, or triple, etc.) currency. The more currencies you have, the less the problem, but the problem remains unless it is a Free Market of currency.

The Golden Rule

Whoever has the gold, makes the rules

The problem with relying on gold (or anything else) to be the center piece of an economy is one of Hording. Hording was the primary method of market manipulation prior to Fractional Reserve Lending. Digging into history, you find that Empire after Empire was controlled and ultimately destroyed through their economies by those who controlled the money supply through hording. Guess who was always there doing the hording?

(As an example, see the fall of the Roman Empire through hording silver through land sales.)

In the long, long ago, with the introduction of gold and silver as the de facto currencies, the Cabal (then known as the Priest Class of Sumer) gained the ability to control those currencies and thus control the economy, and by extension, the entire population. This was the beginnings of "money magic" and subjugation of what was previously a Free Market.

We believe this started with the creation of "currencies backed by nothing", which are mislabeled as "fiat." A currency backed by nothing is not a "fiat currency." A fiat currency is a "currency that is demanded as the center piece of an economy by fiat," where fiat means "command of the Authority."

By moving back to a "gold backed currency" we are simply trading our present day fiat currency for the previous version. I'm not saying it isn't a step in the right direction towards a Free Market, but it's only a first step. In truth, I think we should just skip to the end. The problem is, people need to understand that they should do that, then understand how to do that. That knowledge is difficult to convey to the entire population. It is my hope, if we go this route, that people will learn this information, and understand that a "gold backed currency" is not the answer, but rather, a Free Market is, which is to say, a system of real barter.

People must understand that everything has value (if it does indeed have intrinsic value). Only if we are able to trade things (no fiat currency at all), and learn how to trade things with each other, and not demand or rely on any "currency", and set up marketplaces (real and/or virtual) that are conducive to trade, can we possibly move to a true Free Market, free from manipulation by hording, or fractional reserve lending, or governments that may lie about how much gold they have, etc.

These are all reasonable concerns, but they are not the only problems, nor do I think they are the main problems with a gold backed currency.

The main problem with a gold backed currency is the reliance on a gold backed currency. No matter how you solve the above problems, there will always be problems with reliance on any single (or dual, or triple, etc.) currency. The more currencies you have, the less the problem, but the problem remains unless it is a Free Market of currency.

The Golden Rule

Whoever has the gold, makes the rules

The problem with relying on gold (or anything else) to be the center piece of an economy is one of Hording. Hording was the primary method of market manipulation prior to Fractional Reserve Lending. Digging into history, you find that Empire after Empire was controlled and ultimately destroyed through their economies by those who controlled the money supply through hording. Guess who was always there doing the hording?

(As an example, see the fall of the Roman Empire through hording silver through land sales.)

In the long, long ago, with the introduction of gold and silver as the de facto currencies, the Cabal (then known as the Priest Class of Sumer) gained the ability to control those currencies and thus control the economy, and by extension, the entire population. This was the beginnings of "money magic" and subjugation of what was previously a Free Market.

We believe this started with the creation of "currencies backed by nothing", which are mislabeled as "fiat." A currency backed by nothing is not a "fiat currency." A fiat currency is a "currency that is demanded as the center piece of an economy by fiat," where fiat means "command of the Authority."

By moving back to a "gold backed currency" we are simply trading our present day fiat currency for the previous version. I'm not saying it isn't a step in the right direction towards a Free Market, but it's only a first step. In truth, I think we should just skip to the end. The problem is, people need to understand that they should do that, then understand how to do that. That knowledge is difficult to convey to the entire population. It is my hope, if we go this route, that people will learn this information, and understand that a "gold backed currency" is not the answer, but rather, a Free Market is, which is to say, a system of real barter.

People must understand that everything has value (if it does indeed have intrinsic value). Only if we are able to (and learn how to) trade things with each other, and not demand or rely on any "currency", and set up marketplaces (real and/or virtual) that are conducive to trade, can we possibly move to a true Free Market, free from manipulation by hording, or fractional reserve lending, or governments that may lie about how much gold they have, etc.

These are all reasonable concerns, but they are not the only problems, nor do I think they are the main problems with a gold backed currency.

The main problem with a gold backed currency is the reliance on a gold backed currency. No matter how you solve the above problems, there will always be problems with reliance on any single (or dual, or triple, etc.) currency. The more currencies you have, the less the problem, but the problem remains unless it is a Free Market of currency.

The Golden Rule

Whoever has the gold, makes the rules

The problem with relying on gold (or anything else) to be the center piece of an economy is one of Hording. Hording was the primary method of market manipulation prior to Fractional Reserve Lending. Digging into history, you find that Empire after Empire was controlled and ultimately destroyed through their economies and those who controlled the money supply through hording. Guess who was always there doing the hording?

(As an example, see the fall of the Roman Empire through hording silver through land sales.)

In the long, long ago, with the introduction of gold and silver as the de facto currencies, the Cabal (then known as the Priest Class of Sumer) gained the ability to control those currencies and thus control the economy, and by extension, the entire population. This was the beginnings of "money magic" and subjugation of what was previously a Free Market.

We believe this started with the creation of "currencies backed by nothing", which are mislabeled as "fiat." A currency backed by nothing is not a "fiat currency." A fiat currency is a "currency that is demanded as the center piece of an economy by fiat," where fiat means "command of the Authority."

By moving back to a "gold backed currency" we are simply trading our present day fiat currency for the previous version. I'm not saying it isn't a step in the right direction towards a Free Market, but it's only a first step. In truth, I think we should just skip to the end. The problem is, people need to understand that they should do that, then understand how to do that. That knowledge is difficult to convey to the entire population. It is my hope, if we go this route, that people will learn this information, and understand that a "gold backed currency" is not the answer, but rather, a Free Market is, which is to say, a system of real barter.

People must understand that everything has value (if it does indeed have intrinsic value). Only if we are able to (and learn how to) trade things with each other, and not demand or rely on any "currency", and set up marketplaces (real and/or virtual) that are conducive to trade, can we possibly move to a true Free Market, free from manipulation by hording, or fractional reserve lending, or governments that may lie about how much gold they have, etc.