Saturday, February 14, 2009

Counterfeit Money

I'm not sure what even brought this topic to mind but I thought i might write some of my thoughts about counterfeit money. Simply Their is no such thing. ok let me explain. When somebody says counterfeit you generally think fake money. But what does that mean in respect to our monetary system?

Our paper, coin and electric money isn't based on or even a substitute of convenience for well any thing, not gold, not silver, land, corn, or any thing else you can think of. Our money has "value" because we're told it does. The only reason that the dollar in your pocket or in you checking account is usable to purchase anything is because the government say it is and actually says you have to use it, try using a euro to buy something and see what happens. Really the dollar you get from the bank isn't really any different then say one you print up on your computer at home other than the government says it is.

On your money it says "Backed by the full faith and credit of the U.S. Government" So what does that mean? That means that if they felt like it tomorrow the commerce dept could pop up on t.v. and declare that the federal reserve note or "dollar" is completely worthless, just like that. and everybody would be broke and that dollar in your pocket would be little more than toilet paper. The money in your checking acct no more than numbers on a video game.

The only thing that gave any effectiveness to our "money" was limiting the amount. But now with the "Bailout" the money printers are going freaky crazy making it out of nothing and in fact because of this very quickly it's going to take a lot more of these little pieces of toilet paper to buy any thing at all.

So in conclusion the reason i say their is no such thing as counterfeit money is because it's all counterfeit

just some thoughts

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