What did I say that wasnt true? The us dollar maintained strength for 172 years from 1799 till 1971 untill nixon shock led to the age of austerity we now face where 60% of working people live paycheck to paycheck with no emergency savings. If you cut out generations x and w then the percentage is higher. A majority of millennials and gen z will never own homes or have retirement savings. Forcing them to work till they are too sick to do so and have to rely on measly social Security payments if the program hasnt been gutted or privatized in 30-60 years from now.

And lets say hypothetically that the usa never ended the gold standard. the idea that there isnt enough gold to cover the amount of currency circulating isn't the issue. Unless something happens that destroys the trust in the us dollar there is no reason for people to demand their currency be exchanged for gold (or silver which is highly undervalued atm but ultimately not as valuable as a commodity in comparison to gold) the main factor that makes the gold standard not viable in modern times is billionaires hoarding wealth. When regular people were in control of the vast majority of the wealth share, in the times before the 1980’s the wealth held by regular working class people would recirculate into the economy. Whereas when multi millionaires and billionaires (people in the top 10-5% of the wealth distribution pyramid )hold wealth that wealth gets hoarded and hidden away and removed from the financial ecosystem which does not benefit markets or society as a whole. Before the 1980’s/1990’s the bottom 90% of people held 80% of the wealth but today that has reversed. The top 20% hold 73% of the wealth with the wealthier half holding 66% meanwhile the wealthiest 1% hold more wealth than the bottom half of our entire society.

There is no argument where ending the gold standard was a positive thing for americans. Since then we have seem hyper inflation. In the 40’s 50’s and 60’s one could buy a home for $5000. The median price was just under $8k and one cojld find a fixer upper for $2000-3000 but today the median price of a home is just under half a million dollars and even a dilapidated derelict crumbling structure in new england, thing anywhere within an hour or two of boston or new york is selling for $150,000 if you’re lucky. Buildable lots are going for $60-100k if you gk farther away from those metropolitan centers then you can find better deals on property but not by that much.

Fiat currencies are only worth anything because wealthy people have convinced us to believe them. But ultimately those currencies primarily derive their value from gold. In the case of the us dollar post 1971 the commodity backing a majority of the us dollar supply is petroleum and related petrochemicals which is a far inferior commodity to back currency. And the introduction of the us petro dollar didn't change the fact that the us dollar’s value is still intrinsically tied to gold and all currencies are. If you look at the exchange rates between any two currencies at any point in us history you’ll see that the value in exchange always adds up to the price of gold so i fail to see where or when another country’s currency would ever be able to get one up on another countrys economy and take advantage of their currency value and the price of gold.

Also we are already slipping as far as being the reserve currency of the world with so many countries joining BRICS and more will definitely be joining in the next few years. Many are speculating that these countries will develop their own currency which could potentially be block chain based sometime before the end of the decade. Couple all this with the way events are unfolding in the middle east and it seems easy to see that a large global conflict is looming right around the corner.