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<p>[QUOTE=&quot;medoraman, post: 1176640, member: 26302&quot;]Cloud&#039;s right on the major point, I would also just point out &quot;dollars&quot; in world trade are not just FRNs, they are all US treasury products. Trading &quot;dollars&quot; is really trading in Treasury bonds, notes, etc. Our debt is the real world dollar.</p><p><br /></p><p>But yeah, money is only needed to facilitate trade, it has nothing to do with backing up any values. In the old days when money was gold coin, how could the gold coins &quot;back up&quot; asset prices, since they themselves were assets? Coined or printed money simply is the lubricant, the temporary store of value, to trade one asset for another. Money by itself isn&#039;t a value, its a store of value, to be used to purchase another asset.[/QUOTE]</p><p><br /></p>

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