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The dollar.

Name: Anonymous 2008-02-22 17:09

The American dollar is an illusion that runs on faith and has no real value. Comments?

Name: Anonymous 2008-02-22 19:01

Currency is the Schroedinger's Cat of economics.

Name: Anonymous 2008-02-22 19:58

Yes, but when you open the box, there's no cat.

Name: Anonymous 2008-02-22 22:42

>>1
True but so are all other Western currencies. The US still has the highest gold reserves of any country.

Even gold-backed money is based on trust in some ways. In times of crisis the government can simply change the law to stop people changing paper money to gold, as has been done many times in history.

If your paranoid about this then hoard gold or some other scare resource.

Name: Anonymous 2008-02-23 0:36

>>4
I thought it was against the law to possess gold in quantity.

Name: Anonymous 2008-02-23 20:18

>>4

That was true until Ft. Knox got emptied.

It didn't?  Ask for a look.

Name: Anonymous 2008-02-23 20:20

the dollar isn't backed by gold, because you can't trade your dollars for gold.  Eat it, pussy.

Name: Anonymous 2008-02-23 20:45

Drrr, Yo monies is backed by golds we don't haves.  Welcome to the new world.

Name: Anonymous 2008-02-24 4:12

You can buy gold/silver coins.  That's what I did.

Don't change these.
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