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Non-Cattle Specific Topics
Coffee Shop
Chinese Republic of Texas
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<blockquote data-quote="Margonme" data-source="post: 1377699" data-attributes="member: 25776"><p>The fact that our currency is not redeemable in gold or silver does not mean it is not "backed". US currency is "legal tender" and is "backed" by all the goods and services in the economy that it can purchase. That is the meaning of "full faith and credit."</p><p></p><p>SOB, in the post above could not be more WRONG. I will agree that our economy is to use his clique "a house of cards" but as of this day, November 8, 2016, the US dollar is considered the world standard by which all other currencies on the planet are judged.</p></blockquote><p></p>
[QUOTE="Margonme, post: 1377699, member: 25776"] The fact that our currency is not redeemable in gold or silver does not mean it is not "backed". US currency is "legal tender" and is “backed” by all the goods and services in the economy that it can purchase. That is the meaning of "full faith and credit." SOB, in the post above could not be more WRONG. I will agree that our economy is to use his clique "a house of cards" but as of this day, November 8, 2016, the US dollar is considered the world standard by which all other currencies on the planet are judged. [/QUOTE]
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