Thread: Spotting fake hundos
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  #52  
Old 10-02-2007, 04:33 PM
Rottersod Rottersod is offline
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Default Re: Spotting fake hundos
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Didn't I just write that in the post you are quoting? I wrote that the dollar is not backed by and tangible items. Faith is not tangible.


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the dollar is backed by the commidities it trades for, just like gold is backed by the commodities it trades for or the dollars it trades for. Nothing has intrinsic value. Stop getting your econ lessons from 2am infomercials and AC crackpots/gunhoarders.

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That is a circular argument. You must have failed your econ 101 class.