The only proven alternative to a global financial system without reserve currencies is the international gold standard.

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So the most recent, tiny remnant of the old gold standard (the Bretton Woods System only applied to international exchanges, it had no domestic impact on the US or other nations) did indeed collapse for exactly the problem of the supply of gold.

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Stable Money, ideally, means a gold standard system. (For smaller countries, it can mean a link to a reliable international currency.) Although it is possible to devalue the debt away, unfortunately you also devalue your economy away at the same time.

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