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Message:: [QUOTE="mnmvick, post: 1177310, member: 15626"]So I am confused now - I think you are agreeing with me that if all debtors "took delivery" of all debts in full payment via cash, there would not be enough money to go around?  I think that is what I originally posted.  I also think that would be devastating to the economy. But my point is that just like metals being traded on margin and in paper form, there isn't enough of the underlying product to go around then when everyone goes to take their chair as the music stops - uh oh!  You know what I mean? Systems like that inevitably crash.  Fiat currency simply cannot last forever.  It never has.  In fact, what is the oldest currency still in use today?  That would be interesting to know. But when money was made out of gold and silver, there WAS enough to go around - the coins were MADE out of it!  In fact, the Federal Reserve was originally designed to weigh, authenticate and coin YOUR gold and silver - not the government's.  Isn't that right?  I need to get out a couple of books and read about some of this again, I guess. If memory serves, the "current" Federal Reserve is actually the third such institution in the United States.  But as they say (not too loudly or often) "The Federal Reserve - it is neither Federal, nor is there a Reserve!"  Heheheehee I am surprised the Silver moved up again today, though - up 5.87% to $37.91.  Wow![/QUOTE]