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<p>[QUOTE=&quot;Cloudsweeper99, post: 1179998, member: 3011&quot;]The debt is the money and the money is the debt.&nbsp; And all of it stands like an inverted pyramid with a relatively small amount of currency and coin at the tip.&nbsp; If currency is mere paper [or the electronic equivalent] that can be printed in unlimited quantities upon demand, there is a valuation issue but no credit issue.&nbsp; If currency must be backed by something tangible by law, then it limits the US Government&#039;s ability to borrow to the amount that the lenders believe the government will be able to reasonably tax from the citizens since the ability to create more is limited to what can be backed by a physical asset, and credit quality becomes an issue.[/QUOTE]</p><p><br /></p>

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