Explain this to me like I'm retarded...
Everyone is whinin' and cryin' 'cuz they believe (among other things) that all the gold has disappeared from Ft Knox.....
So what if it has? It never made a damn anyway!
The belief that our money is backed by gold, or silver, or oil, or even our "good looks" and promises is a big, fat, LIE!
WE THE PEOPLE give our consent (the power) to our government to tax us and our labors so that our government can pay for the roads, police, and fire protection that we good citizens require. It is THAT power and THAT power alone that secures the worth of our American dollars...nothing more...nothing less.
When there is a surplus, government can pay its bills outstanding OR delete/destroy money as it comes in. The increased scarcity of our American dollars will increase the value of those dollars remaining! When there is NOT a surplus AND a LEGITIMATE need for goods and services for the welfare of the people, government can print more money to pay bills as they accrue.
WE DON'T NEED NOR WANT BANKS RUNNING (RUINING) OUR LIVES!!!