[KarlInOhio]

“Paper money eventually returns to its intrinsic value ---- zero.” – Voltaire

Well, that's a gross exaggeration. The Fed has destroyed only 95% of the value of the dollar since it was formed in 1913.

[SpeedRacer]

“Paper money eventually returns to its intrinsic value ---- zero.” – Voltaire

Not quite...we can always use it for toilet paper. At least we would have one up on Cuba, for a while.

[Pelham]

“The Fed has destroyed only 95% of the value of the dollar since it was formed in 1913.”

Well let’s see. From 1913 to 1933 the dollar was worth 1/20th of an ounce of gold. Then in 1933 FDR, not the Fed, revalued the dollar to be worth 1/35th of an ounce of gold. Which is where it stayed until 1971 when Nixon, not the Fed, broke the link of the dollar to gold. Yep, the Fed is certainly to blame.