[capt. norm]

Gold is real money. Paper isn’t. Our currency is only valuable as a medium of exchange because we believe it has value.

How true.

I think another thing that floats the dollar in the U.S. is the fact that IRS will accept it at face value for tax payments. That may sound simplistic until you think about it a little.

[gusopol3]

Milton Friedman said those big heads on Easter Island were money; wasn't the decades long struggle to develop the west tied up with deflation centered around maintaining the price of gold, as in William Jennings Bryan " Thou shalt not crucify mankind on a cross of gold?" Friedman even said the North Dakotan Frank Baum had some allegorical allusion to gold in the Wizard of OZ.

[muawiyah]

Doggone it, gold has value only because people think it has value. If they didn't think that, it would be as worthless as anything else people don't think has value.

I'm quite happy with my federal reserve notes ~ they are as valuable as anything else people think to be valuable.

And, as the man said, you can pay your taxes with them!

[DivaDelMar]

You are DEAD ON.....

If you think about it further, you realize that the IRS and our tax system really serves one purpose and one purpose only: To contract the money supply.

Stated differently, IF the FED can and does print all the money the government “needs”-—and I use that term loosely-—to pay the bills, why do we tax the citizens? Simply to contract the money supply.....and secondarily, to manipulate the electorate. The dual idiocies of 1913, the sixteenth amendment and the Federal Reserve Act, must be repealed and their progeny dismantled.