It doesn't matter if we bring back a gold standard............if the banks control all the gold we will be worse off than we are now with a fiat banking system. It's about WHO controls the money supply..........it doesn't matter if that money supply is in the form of paper bills, gold, or dog turds. Money is an abstract form of law, it doesn't have to have value per se............it's value is whatever we as a country by law decide it to be. The original price of gold was not some arbitrary number it was decided on by banks and governments. That's what most people fail to realize. The value of gold is not necessarily because that is what it's "worth". A commodity based monetary system is no better or no worse than fiat.
