I was with you until the dollar backing with a basket of commodities. It wouldn't be much different from that which we have now; there would be no convertibility or redemption possible under those circumstances and the ability for the manipulators would be expanded ten-fold.
Money must be something unmanipulable. Gold and silver, platinum, too, offer that feature. That's one of the clear aspects found in the Coinage Act of 1792, which I recommend that each of you read. And if I cannot redeem what is in essence a paper warehouse receipt for the "real stuff" behind the money, it really has no value just like the fiat today. Commerce must return to a value for value, a substance for substance basis. Such a system removes most of the cause behind monetary fraud and better yet helps to restore the spirit of rugged individualism once an American trait now long absent.