The dollar is backed only by the faith of the people. It holds no value. The dollar is the same as a promissory note: promise to pay.
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The dollar is backed only by the faith of the people. It holds no value. The dollar is the same as a promissory note: promise to pay.
agreed, that part I do get but honestly that faith in that value is long gone for many. That gold is supposed to hold a standard though in the world economy, if we are lying to the world there is gonna be a lot of hell to pay lol. Specially with those that store their gold with us, we lost their money you know what will come down. But I think we should know...its getting very fishy with the way they dodge audits for 40 years now