candycorn
Diamond Member
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Oh my goodness ... I can buy a bucket of beer on a beach in Costa Maya with a US $5 bill.
The value of money resides simply in what someone will give you in exchange for it, at the point of sale.
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Okay... And why do you think the vendor took that piece of paper? Think it through.
Because it is backed by the full faith and credit of the United States Treasury.
Do me a favor....start your own nation and print some currency and see if the vendor will take it. That is what Conservistan will be doing...printing it's own money backed by...nothing. Texas isn't going to pay off debt incurred by other renegade provinces (we can't call them states any more)... A hurricane hits Florida..that's their tough luck in Conservistan.
You guys gonna sell Treasuries to China/Europe in return for hard currency?