Wednesday, 29 April 2015

National Default, Dollar Collapse, Global Economic Crisis | Jim Willie (...

Difference between 'Money' and 'Legal Tender'

Legal Tender - What the Government says can be used in commerce - used to be beever pelts and salt

Money - Exchangable regardless of country of origin, same value if all of the same ounce, stands the test of time (Gold), cannot be reproduced and printed out of a printing press

US Dollar - debt-denominated coupon posing as legal tender, and definitely not money (at present time)