If the inlation tax keeps going as is at current, when will the Federal…?

Question by BOBO: If the inlation tax keeps going as is at current, when will the Federal…?
…Reserve Note reach a point of devaluation that Americans can no longer sustain a living on it? The feds raid on Liberty Dollars high lighted my concern over our increasingly worthless paper currency(script!). The Japanese during WW2 issued the Philippinoe’s script as their currency. This paper currency had NO precious metal to back it as did the GOLD BACKED NOTES that America offered the Philippinoe resistence fighters. The Japanese script BECAME so worthless as bazillions of em were printed, that the Philippinoe whores PREFERED oxen manure as payment for service’s rendered! They used the manure in their private gardens to grow vegetables for both private consumption & selling on the black market. Our Notes were guaranteed in gold at the printed value of the note to the holder of that note. They were literally golden certificate notes! Do we have a problem here or what with the current crop of elected officials that are suppossedly(???) representing us constituents?

Best answer:

Answer by Boomer Wisdom
Fear not, oh mighty Bobo.

The value of money is always based on what it represents. If it’s gold, that’s fine. If it’s a big stone rock, cut into a wheel shape with a hole in it for transport to your front yard, that’s wealth. ( http://en.wikipedia.org/wiki/Yap_Island )

In my younger days, I used to play penny-ante poker. When the penny jar was empty, (from purchase of beer, no doubt), we played with pretzels.

The fundamental unit of wealth, however, is human labor, and always has been, even before money or barter were created.

It is now measured in bits and bytes, and is stored in computers.

For myself, I always go to a teller to make deposits, and I always get a hard-copy receipt.

Just in case virtual money goes awry.

US exports are up. That’s not a bad thing at all.

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