Money has no actual value anyway, it is an accounting system/trade exchange medium

sunnyrap · 10-08-2008, 07:44 PM

Realizing that 'dollars' are simply a physical/numerical representation of value and has no actual value of its own, it occurred to me that folks don't have to freak out over not having any now or soon to be valueless U.S. dollars. An area or state could actually devise its own monetary system and print money backed by whatever item/items of real/established value it chose. In fact a community/municipality could establish its own trade medium and even 'money exchange' dollars for it for outside trading. Just a thought....

10-08-2008, 07:44 PM	#1
sunnyrap Avalon Senior Member Join Date: Sep 2008 Posts: 147	Money has no actual value anyway, it is an accounting system/trade exchange medium Realizing that 'dollars' are simply a physical/numerical representation of value and has no actual value of its own, it occurred to me that folks don't have to freak out over not having any now or soon to be valueless U.S. dollars. An area or state could actually devise its own monetary system and print money backed by whatever item/items of real/established value it chose. In fact a community/municipality could establish its own trade medium and even 'money exchange' dollars for it for outside trading. Just a thought....