@DontTreadOnMe,
Naw, there's nothing backing the US currency. People invest in gold when they think inflation will make the US buck worthless.
The fact of the matter is, many foreign countries use the US currency as their own, and many who do have their own currency also accept US currency. Many countries also base their exchange rate on the US dollar.
There's trillions of US currency floating around this world that's worth much more than our GDP, but it still seems to hold enough value for foreign countries to purchase US treasuries.
They "funny" dynamics of this devaluation now going on with the US currency is that our products and services become more competitive in the world marketplace, and our debt decreases without having to pay for it.
We know there isn't much money circulating in this country, because consumer debt is dropping as well as consumer buying. Retail sales continues its downtrend while more people are again buying homes at bargain prices.
dude, it's a response to what you emphatically stated.
), yes; the government should not even discuss the issue pro or con. and though i don't recall him showing up for op rescue or any of that, his answers during the election and debates fell closer to the republican tree than the libertarian tree. not that many have actually ever seen a libertarian tree because they are quite privacy minded. 
