I see you don't need others to tell you to do that. I've researched the topic and I have a fairly good idea what money is, what it isn't and how is it made.
If money is not backed up by value it's not real. The trillions being printed in excess are not backed up by existing value, they are credit given by the Fed and the Central banks to the governments. They ultimately devalue the existing money through inflation - basically it's theft of value people have generated through their work. You don't have to be a financial genius to realize the money you've saved 20 years ago lost half of their value.
There is a list of characteristics of money. Generally a store of value and a unit of account. Good money is transportable, divisible, durable, limited in supply and accepted by others as a medium of exchange. There are other considerations as well, but having intrinsic value or being backed by some real commodity is not among them
I see you don't need others to tell you to do that. I've researched the topic and I have a fairly good idea what money is, what it isn't and how is it made.
If money is not backed up by value it's not real. The trillions being printed in excess are not backed up by existing value, they are credit given by the Fed and the Central banks to the governments. They ultimately devalue the existing money through inflation - basically it's theft of value people have generated through their work. You don't have to be a financial genius to realize the money you've saved 20 years ago lost half of their value.
None of that makes it not money.
What's your definition of money?
There is a list of characteristics of money. Generally a store of value and a unit of account. Good money is transportable, divisible, durable, limited in supply and accepted by others as a medium of exchange. There are other considerations as well, but having intrinsic value or being backed by some real commodity is not among them
Should good money retain their value?