On Oct 10, 3:21*pm, John Smith wrote:
On 10/10/2010 12:07 PM,WRwrote:

...
It doesn't matter. The bonds themselves are money.

Actually, property is money, gold is money, precious metals are money,
food can be money, medicine can be money, water can be money, shelter
can be money, etc. *But, worthless paper printed with pretty pictures
ain't ... it will get you a lot, in the world, to be able to recognize
the difference.

Regards,
JS

No, money is money. The rest of your list are commodities or real
estate or just things. The entire world is structured around the
acceptance of money. That's not going to change. All the people with
power require it, and, of course, all the economies of organized
countries operate with money. Treasury notes (the cash in your pocket)
is money, as are Treasury bonds and bills. To a lesser extent banker's
acceptances and commercial paper are a form of money, too. The world
has been operating very well on this basis since the 1940s.