[rjsimmon]

US dollars will have more purchasing power - but people will hold a lot fewer of them.

But the currency would be worthless as it is established on the good credit of the U.S., which no longer exists. Nothing less than tangible currency would be acceptable, which is gold, silver, platinum, anything of value to the traders.

[444Flyer]

"....But the currency would be worthless as it is established on the good credit of the U.S., which no longer exists. Nothing less than tangible currency would be acceptable, which is gold, silver, platinum, anything of value to the traders."

Everyone should give these out to a family member who voted for or supports Obama for a Christmas present this year. When they ask what it's for, tell them it'll be their new wallet before Obama's done with America.

[politicket]

But the currency would be worthless as it is established on the good credit of the U.S., which no longer exists.

That's not true. The currency will gain strength since there will be less of it.

Also, as bad as people think the US is situated, Europe is a lot worse. Fiat currencies hold "relative" values to each other. The US dollar will be desired by others.

Did you know that approximately 2/3rds of all physical US currency is currently held overseas? People trust it more than their own currencies.