~Daniel~

This leaves us with only three options to do with our money.
#1. Invest it. Obviously this will not do us any good unless we invest wisely. If we do so, we can gain more money in order to effectively repay our debt.
#2. Let it sit there. This would take more time as it would grow slower through interest (and taxes, since we are talking about the government).
#3. Sell things in order to gain more money. My point with this in the previous post is as follows: What would the American government sell? It not normal stuff like you see at a garage sale or at auctions. Instead, it’s parts of America. Whether that be land, companies, investments, etc… I don’t think we want parts of America being sold into the hands of Foreign, public, or private institutions.

What are Abraham Lincoln’s qualifications? ; )

Correct, the paper would become less valuable. However, this is assuming that the amount of gold stays the same. This is simply not true, as the price of gold fluctuates.
I’ve come to the conclusion that I’m not so sure being able to manage the value of paper is a good thing. There are both positives and negatives to that point, so I’ll just say that I’m undecided.
Ok, they also used leeches to suck the disease out people’s body. This was a common practice for thousands of year, and they considered it to be effective. Do you think this would be a good thing to start doing again?
Look at the practicality of that question. “Why not now?” It is more efficient to use paper in many ways. I can name ways if you deem that necessary.

Paper only has the supposed value as long as the amount of paper stays the same. Now, if they keep printing paper money, but the amount of gold stayed the same, each piece of paper would become less valuable. You have not shown how that value can be easily managed. Also, it is not being managed properly, because the value of our dollar is steadily decreasing. They carried around a pouch of gold for thousands of years. It worked then, why not now?

Sounds like me. I love that God has a sense of humor!

I can see that happening to you! ; )

I’m glad the post helped. I was heading to bed late one night, then I got the idea. So I went to bed half an hour later to write the post. I’m glad that I didn’t lose sleep for nothing. (God had me do it for a reason.)

Hmmm. Perhaps. However, we must take into account all of the consequences of a situation. Although it is paper, there is still value to it. Also, that value can be easily managed. Thirdly, natural resources are not consumed so readily. Now, obviously, there are pros and cons to each side. I’m just saying that I don’t think we need to go back to carrying around a pouch of gold, instead a wallet of bills.

Wow. I realize everyday that God really has a sense of humor. It just hits you sometimes, the ironic situations and seeming coincidences.

They say you learn 7 new things everyday. I’m sure that at least 5 of those are new things that I’m learning over again. ; )

Anyway, that post was exactly what I needed. Thanks!

My point is that our money is not worth anything anymore. Since we are no longer on the gold standard, there is no backing to the dollar. There is a quote that says something about how when the government prints money, it’s okay. But if we do, it’s counterfeit.

I think just about all quotes from founding fathers are pretty awesome!

~Tee-Kaye