Well, it's time we quit pretending to be a capitalist nation...

After all the federal reserve owns most of the nation's mortgages now. Oh, and most of the insurance policies. So let's admit that the federal reserve, a private bank(yes, it is), now has near absolute control over the economy. Why don't we just say,"Mr. Rockefeller, can I get food today?" I mean, they are one of the families with ownership in the fed, with the Morgans and some others. The federal government is allowing them to gain control, at least in part because they don't understand how the system works. They seem to think the government owns the fed. Nope.

Of course, right now, we're in a race to see which will collapse first: the Euro or the US dollar. The German economy, which give the Euro most of its strength has been faltering. France has had double digit unemployment for ages, and Britain has refused to abandon the Pound. Of course, China's propping up the dollar now, because they have so much invested in the worth of the dollar.

The real question they aren't asking is: What is money? It is a store of value, which is why unbacked or fractional paper systems don't work. Any semiprecious metal will do, because the value is stored in the fact that it is difficult to increase the supply. Silver, gold, and copper would all work fairly well at this. Yes, copper oxidizes, but look at older (wheat) pennies, and they look less aged than "new" pennies. At any rate, point is that they hold value because they cost in time and effort to produce. Paper doesn't. Electrons certainly don't.