Yes, due to inflation, precious metal reserves are difficult for nations as a whole to use. The US, I believe, was the first nation to stop using the gold standard for backing their money and also, I believe, the first to print paper money in place of valued currency coins.
As for the videos, I'll try to check them out tonight. Sounds interesting...
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And if they get rid of the income tax, they will just tax us through higher property taxes.
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But the federal gov't can't charge property taxes I don't believe, except on federal land, where nobody owns property to tax. *shrug* Maybe they'll start taxing indian reservation income...