[Christ]

I love that thesis LOL.

Yes, the "gold standard" has ended, and has been a naught topic for quite some time. Think about it though. If there wasn't some sort of back up to the dollar, it would be officially useless.

Would you accept a check written on a napkin? (there's a trick question there, PM me if you want to know it)

Would you accept an I.O.U. before accepting collateral? What is the collateral for the paper dollar?

The US has spent so much time trying to make money in the cheapest fashion possible, that they've made it essentially worthless. When we run out of money, we print more. Throughout history, this has been true. Now, we just mortgage everything, and expect that our credit is good enough to pay back our debts.

When "money" was first issued, it was worth exactly what it said it was worth... if $10 was printed on a gold note, it was worth $10. There was something backing it up, to make it worth that $10.

These days, scrap prices don't even back up our metal monies... A penny is worth far less in scrap metals than $0.01.

That was all I meant to say there.