Thats interesting. I think in time that view will become more common as the distress levels rise in the current system. That things will be taken to breaking point before the FIX is offered! A gold / commodity based standard.
If i were an elite level banker with a power maintainance mindset i would see my choices as:-
1) The current system (debt based fiat)... Almost total control for me! Keep it going for as long as i can sell it to the masses! :cheesy:
2) Commodity based (gold standard most likely)... Nowhere near as nice as for me as debt based fiat but will do for now. Until i can get a decent war going! "Remember the golden rule. He who has the gold makes the rules!".
3) Public / Government created money (pure fiat)... To be avoided at all costs!