US Return To The Gold Standard?

Theres a good chance you could see a civil war part 2 in the USA if people were told their economic future was now in the hands of every other country on earth like that.

Id suspect theres been talk a currency like that since at least the mid 1990s.

Thats very true about being backed by the strength of a nation. I cant speak for what others are thinking but to me the difference is that with a hard pm backing theres a limited supply of money you can spend before you inflate your currency a lot. In theory that would lead to more sound spending and not running up huge debts. Backing by the strength of a nation basically means you can print off as much money as you want and manipulate it as long as you are considered strong.

The other thing would be if your currency crashed with a real physical backing you could theoretically rebuild off that. If your strength based money collapses your SOL.

That said I dont think the gold standard is a great idea but I do like the idea of the spending limit/restraint it would bring

If based on military strength, I think that the strongest currencies would be US, China, Russia, Israel, Brazil.... but this is not the case. Health: it should be US, Canada, and European countries, but this is also not the case. The healthcare systems have many flaws. I think it has to do with how healthcare is distributed, and even Canada has problems with inequality (New Brunswick). It should be decided on a high standard of living, correct? Well people on welfare have a pretty high standard of living, in my opinion. I live in an area where there are many many people on disability, welfare, subsidized housing, refugees, new immigrants, and overall just MOOCHING off the government and /most/ of them give NOTHING back (many do work but they are overpowered by the lazy one). If our currency is to be decided on this factor, then I would say that our currency is pretty weak. I'm not saying they're a drain on society, but our dollars can be better spent, for SURE, OR there should be a program where they can redeem themselves by volunteering for good causes and basically help sustain the system they prop up but there's no reciprocal action returned by these people. I know many people who do not work but have better a standard of living than I. Putting us on a gold standard would just destroy the nation's savings by selling our stacks to others to cover their butts. We would have to drop their care for that to happen, in my opinion, and it's just an opinion, don't read too deep into what I say. People should just stand up and work. Money shouldn't be an object of luxury, it should be used as a humanitarian resource wherein everybody pitches in for good causes.

It can work, but it requires those in charge to make sound fiscal decisions. Unfortunately right now it seems the way to win elections is just promise a bunch of things we could never afford and kick the problem off down the road or just put it off until theres no choice but to deal with it