Sorry the comment came off harsh, but this particular piece of fake news is spread heavily among popular youtube channels and other social media pages that are

Sorry the comment came off harsh, but this particular piece of fake news is spread heavily among popular youtube channels and other social media pages that are ordinarily deeply intellectual and thought provoking. Now, while I understand why a lot of people like the idea of a gold standard, or really holding static assets like gold or bitcoin themselves (for microeconomic reasons), to suggest that debt based central banking is bad because government are bad is a poor reason simply because of all the macroeconomic good that comes from it for societies. Economies are strong when people spend and invest money in them at higher nominal rates y/y without a decrease in purchasing power. Countries are able to maintain this by using these debt based systems to systematically devalue their currency (such as china has done) to grow their economy and in turn their tax base and public works. When the opposite is done, you get the types of problems japan had when other countries systematically devalued the yen as part of the plaza accord. Additionally, should all assets be completely static where there is a greater incentive to hold rather than to trade (as is sometimes the case within the housing market, so people systematically fight against new housing as it only devalues their asset), you create a society where people only purchase the goods they need, and in turn those at the top can forever increase their wealth without having to invest it at the same rates they do now.