Bruce in Bangkok wrote in
:


If the world was on the gold standard there wouldn't be enough gold
produced to support the world's commerce.



Simply not true. If we only had currency consistent with the amount of
gold available, the currency would be so valuable all prices would be
extremely low because the gold-backed currency would represent such a
high value. With value so high and prices so low, there would be plenty
of currency around to represent value.

Before the Central Bankers got control of it and ran the currency into
worthlessness to line their own pockets, it ran that way for centuries.

Bread, under that system, only cost a few very valuable pennies.