>>4285878 pb
Dollar was backed by gold up til Nixon….then took us of the gold standard..meaning money is merely based on "Faith"..nothing but paper.
USD is strongly dependent on being essentially the world reserve currency, the petro dollar and high velocity of money to avoid hyperinflation. Debt spending too. You can explain many of the wars as a result of attempts to trade oil in other currencies (Iraq, Lybia, Iran). Going back to gold is good.
My fear is if China goes more global could be FUBR. Gold stores value over time, but hit/miss as a shorter term investment. Things don't really get more expensive, the dollar just gets weaker/devalued thanks to banks fractional reserve banking (See money masters). I also suspect one motivation for the "allowance" of illegal drug trade/human trafficking and other illicit trades is a systematic method to take dollars out of the primary current and slowing the devaluing, increasing velocity, in the real world. Just a theory…maybe all accidental