"In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. There is no safe store of value. If there were, the government would have to make its holding illegal, as was done in the case of gold…The financial policy of the welfare state requires that there be no way for the owners of wealth to protect themselves." - Alan Greenspan
"But that was before he turned to the dark side. His name? Alan Greenspan. The above quote is from his 1967 essay Gold and Economic Freedom, long before he ever became Fed Chairman." - C.F.LIBERTY
It's all been a joke. Even the value of gold was fiddled with when we did use the standard, though it was certianly better than it is now.
"You know, no nation that abandoned the gold standard has remained great," said Reagan...."would really have stabilized the economy"
Regan, the Gold Standard, and Ron Paul
We naturally have boons and busts, or "spending and saving periods" the problem is not that American's are missing the natural signals, the problem is that the Government is covering THESE United States with unnatural and harmful signals.
So, stay sharp. Buy value.