Gold & a social credit system
Hey gard - first time user . I have been reading a lot about how any monetary system needs gold as a backing . Why is gold neccessary , as I have been reading a lot of negatives concerning a gold standard . For instance , there simply isn't enough gold in the world to satisfy the worlds population ( this would , therefore , lead to a dangerous deflation ) , also , the central banks of the world are purposely manipulating gold prices so they can confiscate as much fiat money as possible , then drop the prices to buy back all the gold . Since there is only a small amount of known gold reserves , some feel the mining is dangerous & would cause exploitation of the resource . I have been reading alot lately about a social credit system , as has been advocated by people such as e.c. Rigel , Tom Greco , & Kevin Carson ( even tho Greco advocates gov't control of the creation of the credits , reign & Carson do not . I guess my question is , why aren't more anarchists for this system ( maybe if it was called a credit clearing system as opposed to a " social " credit system) as opposed to using deflationary gold ?