Isn't money supposed to be a promissary note backed by a tangible commodity?
The money that America is playing with now is little more than a well printed piece of paper. Our money is no longer backed by gold. Do we have enough reserve oil to back our money? What do we have of value, especially to other countries to keep our dollar strong? Is it too late? If the US dollar becomes so devalued, that the world no longer looks to it as the main world currency, wouldn't this change our economic future forever? Looks like to me we are operating a false monetary system based on monopoly money. I'm not an expert in this area, but I believe I do have a basic undersanding of service, commodity, and trade. Somebody help me out here!
