Posted by Jay Bertolet on December 06, 2000 at 17:32:59:
In Reply to: Re: Re: Re: OK,If Matt Walters can gripe, we can too posted by jlb on December 06, 2000 at 16:46:52:
Actually, all our printed currency is backed up by assets in the Federal Reserve, among them gold. Our country has even issued silver certificates in the past. I was just making the point that even cash is only as good as the country that prints it so even that form of payment requires a certain level of trust.