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Why is America in dept when we have a money machine????? i don't understand.....?


Why is America in dept when we have a money machine????? i don't understand.....?

Haha...

All money in all countries is based on a stash, or pile, of gold that they (the government and the country) have.

Gold is too heavy to carry and they (the government) don't want to lose it, so the paper (and coins) represent that gold in the hands of citizens.

They print money based on the value of that gold, so if there are fakes going around and more paper money, the gold is worth less per dollar (or per paper money). Just think, if you have one pizza and divide it by 5, each person gets a bigger piece than if you were to make 10 slices out of it. 10 people would get 10 smaller slices. See?

So, when you have $1.00, you theoretically are carrying $1.00 in gold. $1.00 worth of gold is very little gold anyway, so they just have you keep your money.

You CAN exchange paper money for gold, but not with the government, because their gold is not for sale. You would have to buy from someone who owns their own gold.

I would not recommend it, because the value of gold is based on worldwide sales, and the value for gold right now is at a record high. Even a millionaire could only buy a minor amount of the stuff, but it never loses its value. Paper money does, though.

Just to keep in mind that the relationship of 1-to-1 dollar /gold has fallen since mid-70's Report It

Printing money causes inflation so they can't always just print more.

just dont tell me that you r studing economics
If this is your question...I will answer to you with another question why then in every country dont they print out more money to become wealthier than USA...unless you think that the only currency worldwide is $$$.

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