Are there any disadvantages to having a gold-backed currency system?

Are there any disadvantages to having a gold-backed currency system?

Yes. We fucking bomb you.

Gold will be manipulated.

Going back to Gold will cause the Bloodlines to make every country in the world make war upon you i.e. Libya.

Yeah it means there is a limit to the amount of capital i.e however much gold a state has

Scarce yellow metal is a horrible money system. System should be denominated on something every man can create - his own labour. Hitler was right.

(((They))) don't like it

It attracts Dragons and James Bond villains.

Rothschild controls the gold.

you're alright burger

Scarce yellow metal is the best currency, that's why it was used and trusted by people for many thousands of years.
Explain how a labor based currency would work.
Do you get "labor tokens" distributed by a government?
How are different types of labor distinguished and what price is given to each? (Who determines that a brain surgeon makes more than a janitor and such)
What if government that controls labor tokens simply creates more of them leading to hyperinflation?

Instability.

Jews can't manipulate the system

Yes, the Jews still own majority gold in the world through years of colonization they could easily manipulate your currency and impose sanctions on you to steal your gold, happened to Germany

Labor is just a way of backing the currency, without internationally traded currency you decide the price of your own currency and deal with other countries in mechantile

fpbp
sad truth
funny tho

Yes, Jews own lots of gold, but they also own the Federal Reserve and all the other central bank of the world and have a monopoly on the creation of paper fiat currency.
Even though Jews own lots of gold they don't have the ability to print more gold like they can paper. This is the major advantage gold has over any fiat; it can't be controlled by any (((government)))
and/or (((central bank))).
The biggest way Jews control us (yet people don't realize) is by the Federal Reserve and manipulating our money. Gold is the way away from that.

>not backing your money with bacon

This is the only way to keep the Jews away from the money supply.

The major disadvantage is that a government can still manipulate a gold *backed* currency by printing more paper that is supposedly backed by gold. Governments throughout history have always debased their currency that they claimed was backed by gold.
Why can't people just trade in private, competing currencies. The best one (I think gold and silver) would be the one that is used most.

They have more gold than most countries combined and that's just one family but as you are retarded enough to believe that all central banks are owned by the Jews, I'm just putting it out their that a world currency like gold will allow for manipulation but a nationalised central bank cannot be manipulated

>a nationalised central bank cannot be manipulated
Every national bank in US history was manipulated so badly that Andrew Jackson abolished the institution.

That's a load of hog wash. The swiss control central n world bank...all...just google... #jewpropoganda oh wait this ain't twit talk machine language data pool to school the AI

I like your thinking

Indeed. Gold, unlike silver and most other precious metals, is extremely scarce in the United States, making us not only reliant on foreign nations for our currency supply, but it is also a commodity that can easily fall under (((their))) monopoly.

The only currency system that will work for the people, keep interest rates and amount of banknotes in circulation at a minimum, is a fiat currency system under the control of a national bank, rather than our current debt-based system under the control of a private corporation

Not enough gold to back up the fiat, also this

A nationised central bank user, look into what RBI is and how it runs it's a concept too hard for American to understand

Uhhhh ever heard of Bitcoin? A currency that is extremely difficult to manipulate. Can't be counterfeited. Can't controll how many are created. Zionists hate it.

>Are there any disadvantages to having a gold-backed currency system?

The problem is that the Jews already own most of the gold so the value is too easily manipulated by a handful of hostile parasites.