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<p>[QUOTE="fatima, post: 1299489, member: 22143"]Your theory fails for these three reasons:</p><ol> <li>The USD isn't issued by the USA and isn't backed by the USA. The $ is issued by the Federal Reserve which does not have access to USA assets as colleratal. It is unbacked by anything beyond what is on it's asset sheets. Furthermore, a holder of the $ has no claim on anything. </li> <li>You claim the USD would be strong because of the USA's Land, Resources, Agriculture, Military. By this definition, the Russian Federation would be the strongest currency in the world. It's obviously not. </li> <li>It doesn't address the underlying issues at hand that are destroying faith in the US economy. It won't be fixed by selling off public assets or trying to extract resources that are enormously expensive to reach. And, as I said in #1, the Federal Reserve Note is not issued by the USA anyway. </li> </ol><p>[/QUOTE]</p><p><br /></p>
[QUOTE="fatima, post: 1299489, member: 22143"]Your theory fails for these three reasons: [LIST=1] [*]The USD isn't issued by the USA and isn't backed by the USA. The $ is issued by the Federal Reserve which does not have access to USA assets as colleratal. It is unbacked by anything beyond what is on it's asset sheets. Furthermore, a holder of the $ has no claim on anything. [*]You claim the USD would be strong because of the USA's Land, Resources, Agriculture, Military. By this definition, the Russian Federation would be the strongest currency in the world. It's obviously not. [*]It doesn't address the underlying issues at hand that are destroying faith in the US economy. It won't be fixed by selling off public assets or trying to extract resources that are enormously expensive to reach. And, as I said in #1, the Federal Reserve Note is not issued by the USA anyway. [/LIST][/QUOTE]
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