chinese currency on its way!, page-11

Sorry have to pipe in again... The world is never going back to a gold backed currency. You realize this is essentially the backbone of the problems in Europe, the Euro..
The Euro being a fixed currency, the countries cannot create their own Euro's to fund spending, they are revenue and expenditure constrained.
This is the same as the old gold standard, where there was a finite amount of currency available, backed by the US currency which was then backed by gold.

It didn't work, and neither does the Euro... We're not going back to redeemable currencies.