“Nothing special about gold or silver in a monetary way.”
I respectfully disagree. Both gold and silver have numerous uses in industry and high tech. Silver in particular is critical for all sorts of tech manufacturing. Both of these materials are expensive to extract and available only in limited quantities. US dollars on the other hand are created a trillion at a time whenever our politicians find it convenient to do so.
I think this is better discussed in terms of the value of the US dollar. The US dollar used to be worth 1/30th of an ounce of gold. Currently it’s worth 1/1,880th of an ounce of gold.
That's untrue.
Politicians have zero say over our currency. The Fed (international banks) control it all.
Think of it this way.
All money in a Fed-controlled system is based on debt, which is equal to a claim on the future labor of a country's citizens. It's a promise that labor will be supplied at some future date.
How much future labor can be promised? Infinite.
Will that crash the system? No - promises can be made until the cows come home.
The danger is that it creates debt slaves out of all nations.
The ONLY solution is to have our US Treasury control our monetary supply. No - our money does not need to be in the form of gold and/or silver...