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Throughout history, the fate of every paper currency issued recently been an eventual decline to the intrinsic value - absolutely. Could this happen to usa? While no one can tell for sure, betting against history is a risky switch. As the famous line inside the Dirty Harry movie goes, "Do sense lucky at this point?" Well, do you.?

Today we still have bank notes - make the most of mostly issued by the state (not by private banks), and they have no redeemable value only in exchange for another, similar, bank note. The anchor text between gold and bank notes was broken an issue abolition from the gold paradigm. The USA abolished it in 1933 and The british isles abolished it in 1931. The paper money we today can be a ghost of its former personal. If you walk into a bank now and enquire of to exchange it for something except another note, I'm sure you'll get yourself a very strange look!

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