aceventura3

Host,

It seems you fall into the trap the author of the article you cite states, that there is no common standard for value. You have concerns about the value of the dollar, and concerns about the value of the dollar as an exchange medium. Yet the author of the article you cite states that value is relative and that the value of money is on aggregate measured by the avarage monetary value of commodities. Or as I stated the market.

I mean - if you get a 30 year mortgage on a house, the law says the debt can be discharged in dollars. If you work 40 hours for me in exchange for payment, the law says I can pay you in dollars. If I eat a meal at a resaurant and they give me the bill, I can settle the obligation in dollars. If you go to the drug store with $1 billion dollars for tooth paste, the drug store is under no obligation to take your dollars in exchange for the tooth paste. They are free to make the choice.

Given the amount of debt, in American dollars, in the world - it is in no one's interest to let the dollar collapse. Every legitimate participant in the world market wants there to be stability in the dollar, about 3% infaltion is the sweet spot.

__________________
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