My personal opinion is that the gold shenanigan is nothing compared to the shenanigans going on in banks. It all boils down to a monopoly of very few organisat

My personal opinion is that the gold shenanigan is nothing compared to the shenanigans going on in banks. It all boils down to a monopoly of very few organisations over the entire money creation system, and the instabilities are a result of the fact that few managers at the top are given extremely crude tools to manage extremely delicate system. Every little error using those extremely crude tools has extreme consequences. There was always one redeeming quality of gold-backed currencies, and it's the restriction of those crude tools. As for Weimar republic, the gold was never the issue. They were given an impossible debt to pay as reparations, and they could have that debt denominated in whatever tangible way you can think of, it wouldn't be paid. The reason the common German was devastated by the inflation was that their local currency wasn't backed by gold, it was allowed to be printed indefinitely by a government trying to fulfill an impossible debt.