Good points peakok. The Bretton Woods and Federal Reserve thing are huge.
In 1873 there was no option for the government to simply deflate the dollar by 50% which is essentially what congress is voting on this week.
The relevant press release being the one saying that FDIC insurance will now cover bank deposits up to a maximum of $250,000 instead of $100,000.
What that means is that in a year or two all wages and prices will be about twice what they are today except for real estate. Real estate values will just sort of hold steady.