The idea of paper currency was never meant to be paper based. They - TopicsExpress



          

The idea of paper currency was never meant to be paper based. They were receipts for gold. Demand notes that were gold backed and on demand the bearer was paid in gold. Today, after Roosevelt and Nixon, the dollar became paper backed paper. Or legal tender. Legal tender does knaught have to be honoured by anyone or any agency. Also known as FIAT money. This is what the Weimer Republik had. And a wheelbarrow of this trash might buy you a loaf of bread. It is a con game. It is a house of cards that must fall down and when it does it will knaught be pretty. It will make the Great Depression look good by compare.
Posted on: Sun, 08 Jun 2014 19:17:37 +0000

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