I don't have much time to write, since I'm at work, but I thought that I would post this.
So, apparently Russia is pushing to move back to the gold standard for currency (link). China is somewhat on the same page. I can't say that the idea scares me too much, in fact, I think it could be a really good thing. Just looking at the history of the Federal Reserve -how it came about and how it functions- makes it look like one of the shadiest systems ever invented. The thought of going back to something that at least has some intrinsic value (and a somewhat limited supply) could be a very good thing for world economic stability.
