> Currency used to be backed by gold, and now it's backed by real estate No it isn't. Mortgages are not the only kind of fractional reserve banking. The curren

> Currency used to be backed by gold, and now it's backed by real estate No it isn't. Mortgages are not the only kind of fractional reserve banking. The currency is also fiat, its backed by the market's belief in the strength of the US government and economy. Gold back currencies also had pricing shocks, inflation/deflation and a myriad of other weird issues. You're parroting the least informed version of Austrian Economics.