The Gold standard = "Gold BackED Currency" as in backed by gold. not "Gold Back" as if the back of the paper bill is gold colored - ive even seen some people directly refer to the color of the paper like that makes a difference. getting tired of seeing this misnomer. That is all.
For those who want a quick course in gold backed currency:
Ron Paul The Case for Gold
Mises.org has tons of free pdf downloads of books on economics, history, politics, and freedom.
As a joke --- I had suggested aluminum cans as a money backing.
It appears to be more stable than the US dollar is now.
The aluminum pound might not be such a bad idea.
Aluminum (as a chemical compound) is the 3rd most common element.
You would have to mine it. It has intrinsic value. Plenty of supply.
Going off the gold standard (1971) was supposed to be temporary ----- per President Nixon.
The Gold standard = "Gold BackED Currency" as in backed by gold. not "Gold Back" as if the back of the paper bill is gold colored - ive even seen some people directly refer to the color of the paper like that makes a difference. getting tired of seeing this misnomer. That is all.
credit = debt in the financial world. just need sound money that is not debt based.