What is a dollar?
A dollar is a small piece of paper with a picture of George Washington on it. Other than that it is nothing more than a system of measurement.
The dollar has no "real" value. It is not backed by gold or any other precious metal. The government prints up as much of it as it decides we should have and backs it up with a simple promise: "WE WON'T LET ANYONE ELSE PRINT OUR MONEY".
Sounds like a pretty good deal for the government doesn't it? We'll print all the worthless money we want and we won't let anyone else do it. I bet you'd like a deal like that wouldn't you? Well you can have that deal.
The government doesn't say they won't let you print money. What they say is they won't let you print THEIR money. Printing new money is not illegal - forgery is illegal.
Money is produced in all sorts of ways in this country every day of the week. We print stocks, bonds, coupons, casino chips and on and on. You can even write your own money in the form of a check. So what's stopping you from competeing with the Fed? Nothing.
Nothing except faith.
The American dollar is based on two things; need and faith.
NEED - A society needs to have a means of measuring commercial value. In other words it must have a way of putting a reasonable value on anything it wishes to trade. That is what our dollar does for us. We measure absolutely everything by the number of dollars we are willing to part with in order to obtain goods or services. We'll pay $2 for a six ft. 2x4 and $3 for a 10 footer. We'll pay $3 for a gallon of milk and about the same for a gallon of gas. As the saying goes: "In America everything has a price." Actually the same is true everywhere in the world.
FAITH - There was a time when money was backed by commodities of value such as gold or silver. Not any more. Faith is all that stands behind the U.S. dollar or the currency of any country in the world. That's why in this country ours is imprinted with the motto :In God we trust". It is money because we believe it will be accepted by everyone in the world as having a specific trade value. The rest of the world accepts American money and respects it as one of the world's most trusted forms of currency. Why? Because they like our motto?
The U.S. dollar is the most trusted form of money on earth because it is backed by three things:
1. The most powerful economy in the world.
2. The most powerful military in the world.
3. The most stable government in the world.
Take away any of the three legs that hold up the faith of the world in our dollar and the dollar will be weakened. Tkae away all three and the dollar will cease to have any value at all. That is why Osama selected the three targets that he did:
1. The WTC. Our country's symbolic economic center.
2. The Pentagon. Our country's symbolic center of military power.
3. The Capitol Building. The symbolic center of our political power.
Osama's goal was not simply to kill and terrorize people. His goal was to destroy the American dollar. Had he succeeded all of the economies of the West would have collapsed and we be would living in the chaotic hell they've already created for themselves in the Muslim world.
TO BE CONTINUED
6 comments on How to Make a Buck
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It could be a long time before this country collapses from within. I'm more worried about the external threats, and lately about the invasion across our southern border.
As for jobs being created. I hope you mean free market jobs. When gov. says it's created new jobs you can be sure that 95% of them are nonproductive, tax funded, patronage handouts.
As an FYI, Ron Paul started a new currency called the "Liberty Coin" and it is backed by gold and silver. The Fed CONFISCATED EVERYTHING! They are currently fighting it in court to get it all returned.
http://www.freerepublic.com/focus/f-news/1926165/posts
http://www.dailypaul.com/node/8635