The Mudcat Café TM
Thread #151765   Message #3546785
Posted By: Ebbie
08-Aug-13 - 12:11 AM
Thread Name: BS: Obama's War on the Middle Class
Subject: RE: BS: Obama's War on the Middle Class
"it (USA money) now basically is hardly worth the paper it's printed on. (but if it collapsed, then the entire world's financial stability would collapse, and we'd probably have a major war on our hands soon after that, so..." LH

Little Hawk, would you agree that ALL currency EVERYWHERE is worth scarcely more than the paper it is printed on? Sure, some countries have gold/silver/whatever that the paper can be turned in for- but what is THAT worth? You can't eat it. It will not keep you alive.

Given that premise, I'd say you are wrong; if it is true that "if it collapsed, then the entire world's financial stability would collapse, and we'd probably have a major war on our hands soon after that, so..." I'd say it is worth a LOT.