To: grania
No.
The Dollar is only backed by our ability to create more of them. Its only “value” is the confidence that it will be accepted as a medium of exchange.
No.
6 posted on
12/07/2014 8:20:25 AM PST by
KoRn
(Department of Homeland Security, Certified - "Right Wing Extremist")
To: KoRn
Its only value is the confidence that it will be accepted as a medium of exchange.During the time when Nixon took us off gold backing dollars, amid the ensuing turmoil, Paul Samuelson opined that the only reason gold had any value was because it could be converted into dollars. I got a new appreciation for the Alice in Wonderland concept that day.
37 posted on
12/07/2014 10:54:17 AM PST by
Oatka
(This is America. Assimilate or evaporate.)
To: KoRn
Latinum is where the SMART money is!
The plain kind; not the gold pressed.
47 posted on
12/07/2014 1:55:05 PM PST by
Elsie
( Heck is where people, who don't believe in Gosh, think they are not going...)
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