[mamelukesabre]

having currency based on a worthless piece of paper issued by a banking cartel is not a big risk?

[mnehring]

A currency that should be based on the full faith and credit should be less of a risk because it can survive one area within the economy crashing. Having a currency based on a single commodity is a greater risk because if that one single commodity is manipulated it could crash that currency. Historical reference, see how Soros destroyed the Pound Sterling. That isn't an excuse for ours becoming a debt based currency or saying it is great- a Gold standard just isn't the panacea that people think it is.