[expat_panama]

The problem at the present moment is that the dollar is backed by the full faith and credit of the government and nothing else.

It's strange how so many people say that, and all of these same people turn right around to use and trust dollars in their daily lives.  Nobody's running to cash every check they get to buy something immediately for fear of lost buying power.  Admit it or not, everyone acts like they expect dollars to retain their value enough that they don't mind keeping a few hundred bucks in an account paying 2 or 3 percent interest.

The reason dollars are so stable and dependable is because they are in fact backed by hard assets.   We're not talking printed currency here because that's just a couple percent of the money supply.  We're talking about how most dollars are created in banks when people hand over title to their farm/home/business.  Dollars are created by --not the falsely accused Fed-- banks, every time they make loans on held collateral.   These dollars are backed by mortgaged collateral.  

Works for me.

[dollarbull]

The reason dollars are so stable and dependable...

Panama, you just officially jumped the shark.

Losing 98% of your value over 100 years is not "stable and dependable." The fiat money life cycle always includes a blowoff at the end as the math of compounding interest and the inability to grow forever in a finite world hits the wall. We'll see how that "works for you" as this chapter in fiat money history draws to a close.

The puppet masters will start all over again with another "dependable" currency after the $US fails, but only those that stored their wealth in real things like gold will be able to transport that wealth from the current system to the next one.

The lifeboats are filling up...get out of the bar and stop listening to the band.