What google finds about Money, Gold and US dollar is shocking!
- Do US dollars have intrinsic value?
“If people lose faith in a nation’s paper currency, like the U.S. dollar bill, the money will no longer hold any value. … Most modern paper currencies are fiat currencies; they have no intrinsic value and are used solely as a means of payment.”
- What currencies are backed by gold?
“The U.S. dollar is dethroned from its perch as the world’s global reserve currency as America’s sovereign debt has surpassed $30 trillion with trillions more in unfunded liabilities.18 Aug 2015”
- What country is still on gold standard?
“The age of gold standard prominence has passed, although many counties still keep significant gold reserves”