Why fiat currency like the USA’s doesn’t work….
Currently, if you melted down $20.00 in pennies you could actually yield $36.11 in copper.
Not only does minting your fiat currency in actual commodity metal not make sense, it proves that fiat currency in general is totally disassociated with any real world value. It is all tied up in virtual currency which, as we can see from Zimbabwe, is meaningless.
People are called nut jobs for wanting to return to the gold standard, but you can’t deny thousands of years of the metal dominating the worlds wealth. To say that we are “global” is just a globalist cop-out. I firmly believe a countries wealth should be judged based on their physical worth not virtual worth based on buying power (or how a non-Government agency dictates currency should be printed). Audit the Fed!
http://www.coinflation.com/coins/basemetal_coin_calculator.html
http://www.ronpaul.com/on-the-issues/audit-the-federal-reserve-hr-1207/
these are good points. we dont necessarily have to go back to gold though. we could use agriculture. like soy and corn…