One of the common complaints about The Federal Reserve is that the money printed isn't real money. It is Monopoly Money. It might be money for creating monopolies, but, it isn't really Monopoly Money. It is money called currency. It is real and has real value in the world.
The important aspect to this is REAL.
What the system of currency is based on is "Fiat Money." It is a printed or minted currency with a known value based on a country's assets and the intrinsic value of it's economy. So, the countries with good economies have significant value to their currency, while countries with struggling economies, internal strife, civil war and impoverishment have less valued currencies.
Fiat money has been defined variously as:
The money is real. It is not a joke. This is standard practice in any financial culture. Which brings me to the next conclusion.
If Republican Congressional policy causes the USA economy to become diminished, what are they doing to our currency and it's value? It is one of the reasons China is upset over the US Dollar being the baseline currency of global transactions. It is because the US Dollar's Fiat Value is being toyed with by politicians for their own purposes. If a currency is going to be the baseline of any valuation of global markets and stability the country with that currency better be rock solid.
The Gold Standard and Silver Standard of the USA Dollar ended sometime ago. It can be researched easily for anyone that wants to know. But, the idea the USA Dollar can return to a standard backed by precious metals is ridiculous. Any politicians stating these things are either completely stupid or simply happy with the undereducated public. The Fiat Value of global currency is here to stay, unless, the entire world ends up destroying civilization.
The Congress is toying with the value of the US Dollar everytime they shut down the government or play brinkmanship with the US Debt Ceiling or defund programs vital to research and economic growth or when they starve the poor and allow them to die without health insurance because it makes the US Economy weaker.
It is not just The Federal Reserve to blame for fluctuations in the US Dollar, it is Congress as well.
Leave it to a Republican. It is hard to argue with the value of gold, but, it is easier to manipulate currency value when it is a more fluid equation.
The World; A Nixon Legacy Devalued By a Cold War Standard (click here)
The important aspect to this is REAL.
What the system of currency is based on is "Fiat Money." It is a printed or minted currency with a known value based on a country's assets and the intrinsic value of it's economy. So, the countries with good economies have significant value to their currency, while countries with struggling economies, internal strife, civil war and impoverishment have less valued currencies.
Fiat money has been defined variously as:
- any money declared by a government to be legal tender.
- state-issued money which is neither convertible by law to any other thing, nor fixed in value in terms of any objective standard.
- money without intrinsic value.
The money is real. It is not a joke. This is standard practice in any financial culture. Which brings me to the next conclusion.
If Republican Congressional policy causes the USA economy to become diminished, what are they doing to our currency and it's value? It is one of the reasons China is upset over the US Dollar being the baseline currency of global transactions. It is because the US Dollar's Fiat Value is being toyed with by politicians for their own purposes. If a currency is going to be the baseline of any valuation of global markets and stability the country with that currency better be rock solid.
The Gold Standard and Silver Standard of the USA Dollar ended sometime ago. It can be researched easily for anyone that wants to know. But, the idea the USA Dollar can return to a standard backed by precious metals is ridiculous. Any politicians stating these things are either completely stupid or simply happy with the undereducated public. The Fiat Value of global currency is here to stay, unless, the entire world ends up destroying civilization.
The Congress is toying with the value of the US Dollar everytime they shut down the government or play brinkmanship with the US Debt Ceiling or defund programs vital to research and economic growth or when they starve the poor and allow them to die without health insurance because it makes the US Economy weaker.
It is not just The Federal Reserve to blame for fluctuations in the US Dollar, it is Congress as well.
Leave it to a Republican. It is hard to argue with the value of gold, but, it is easier to manipulate currency value when it is a more fluid equation.
The World; A Nixon Legacy Devalued By a Cold War Standard (click here)
