What Really Backs The US Dollar

De CidesaWiki

A greenback bill used to say "This word is legal tender for all debts, public and private, and is redeemable in lawful cash at the United States Treasury or at any Federal Reserve Bank." Take a look at a greenback bill in the present day. What the federal government, by way of the Treasury and the Federal Reserve, actually did in 1971 was coerce you to accept one thing (Federal Reserve notes) that was once redeemable for gold and/or Paper Doilies silver but now aren't redeemable at all. But let's play together with their definitions and see if "all the goods and providers within the economic system" really again the greenback?

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