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Message:: [QUOTE="Ed23, post: 2150808, member: 32117"]It's only backed by faith. We use what's called FIAT money. It's only good because the government says it's good. As long as everyone has faith in the government then we're OK. But as people lose faith in the government they also lose faith in the money; that's commonly called inflation. If you're a young person you probably haven't seen a whole lot of the eroding of your buying power. As for me, I've seen my dollars go from buying a 4 year old used car in 1968 for $100 to buying a 4 year old used car in 2014 $19,500; a price that was equal to the first new home I bought in 1971. So one must ask themselves what will I get for $100 in 40 years? It could be a single gum ball.[/QUOTE]