Your Last $1: Why You Should Value it.

Your last $1: why you should value it. The dollar, or Federal Reserve Note, in and of itself is just a piece of paper. This green colored paper even though it is small in size plays a major role all over the globe. It holds this important role because of the reserve currency status it has been given by world leaders. It is because of this global stand the dollar sits on it has maintained value to all who uses it for commerce. This unseen value we have for the dollar as money can be misleading.

I am going to show you two opposing viewpoints on what makes the dollar valuable. One term known as intrinsic I am quite familiar with yet the other, extrinsic, I had never heard of. If you understand monetary history then you know that the dollar or Federal Reserve Note has no real intrinsic value other than its perceived value as money. There is no intrinsic value to Federal Reserve Note. There is nothing in the note or about the note that truly gives it value other than the extrinsic value.

Prior to the Federal Reserve Note being the only money available to the world; silver dollars, gold coins and United States Notes also circulated. Today there is no intrinsic value to the dollar but extrinsic because of the legal tender laws and government enforcement.

The mandate to only use Federal Reserve Notes for all debts public and private is what gives the dollar value. The value of the dollar doesn’t come from the people having a choice, but the government saying we must use it. If there are no other options to pay your debts other than an intrinsic-less piece of paper than the value isn’t by choice but by force.

As the world recognize the decreased demand of the dollar globally. In a matter of time the true value of the dollar will come to light in America.

The unraveling of the dollar won’t be pretty in the least. Prices of goods and services will sky rocket overnight which will be a clear indication that it’s too late to rethink the dollar.

If you haven’t noticed already, prices are creeping up slowly every day.