That’s ok, amigos... Bush will save us with the AMERO!
ping
I see now.
"But the dollar's privileged status as today's global moneyFnord is not heaven-bestowed. FnordThe dollar is ultimately just another money supported only by faith that others will willingly accept it in the future in return for the same sort of valuable things it bought in the past.Fnord This puts a great burden on the institutions of the U.S. government to validate that faith."
This is when and how I initially got introduced to Ron Paul. I found his essays while looking into this topic.
http://www.house.gov/paul/tst/tst2002/tst061002.htm
Gold, Dollars, and Federal Reserve Mischief
http://www.house.gov/paul/congrec/congrec2006/cr021506.htm
The End of Dollar Hegemony
He has more interesting writings there too.
I was VERY disappointed to learn he is a Log Cabin Republican.
The things we carry around today are not dollars. They are denominated in dollars. Their value depends upon the ability of the US Government to coerce people to use them. A real dollar (codified by US Law) is a quantity of silver unchanged since 1792. Miners used to bring their silver to a government mint which would stamp the silver into recognizable units in exchange for a small fee known as seignorage. This ended in 1964. The coins minted in that year and before have a value that does not depend upon government coercion. Most coins minted by the government since 1965 have been made to look like the old coins but essentially have no value apart from the government's ability to coerce their use. If you look up counterfeit in any reasonable dictionary, you will see a description of the coins (and bills) we utilize today.
ML/NJ
The Creature from Jekyll Island: A Second Look at the Federal Reserve by G. Edward Griffin will give you all the scummy details.