The Mudcat Café TM
Thread #43992   Message #696887
Posted By: Little Hawk
23-Apr-02 - 06:19 PM
Thread Name: BS: Still alive in Argentina
Subject: RE: BS: Still alive in Argentina
BTW, the comment about the US dollar was a bit (but not entirely) flippant. I remember when American money was real...back when it was on the Gold standard, and when the paper bills were Silver Certificates, redeemable in silver coin. I used to go as a kid to the bank and get those beautiful American silver dollars with Miss Liberty on one side and the eagle on the other...big, heavy coins. One for a dollar. Real money.

Those days are long gone, and the value that stood behind the money then is long gone too.

It's nothing more than a pyramid scheme. If we all went to the banks in the USA or Canada now, and tried to withdraw all our money, the system would collapse. The actual money simply isn't there, no more than it is in Argentina.

- LH