tag:blogger.com,1999:blog-5953818443099553136.post5211028964522926648..comments2023-05-28T08:33:51.529-07:00Comments on Suvy's Thoughts: Money and Banking BasicsSuvy Boyinahttp://www.blogger.com/profile/14498944095362886178noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-5953818443099553136.post-47039718819126562152014-11-12T06:42:03.454-08:002014-11-12T06:42:03.454-08:00By real resources, I mean some claim on the produc...By real resources, I mean some claim on the productive value of the country. The dollar is backed by the productive capacity of the US, if that makes any sense. It's worth something because of the country's current and future production value.Suvy Boyinahttps://www.blogger.com/profile/14498944095362886178noreply@blogger.comtag:blogger.com,1999:blog-5953818443099553136.post-20300718249234695002014-11-12T06:33:42.079-08:002014-11-12T06:33:42.079-08:00Not to be too technical or picky, but not sure I u...Not to be too technical or picky, but not sure I understand "All money is some kind of a claim on real resources". In case of US dollar today, what would these "real resources" be?Jonhttps://www.blogger.com/profile/02887931118850505651noreply@blogger.com