Bank notes or Cash

in #blog7 years ago

23847241_2007643592826382_8319904409952947739_o.jpg

Bank notes or "cash" exchanged by a cashier aren't a value of wealth without a backing of wealth, once upon a time you could take a one of these bank notes to the bank and exchange it for gold or silver which prohibited the bank from printing more than there was stored value of wealth but now they have eliminated the stored value and kept the bank notes and because there is no stored value of wealth, these bank notes are no longer worth anything in actual value.

Coin Marketplace

STEEM 0.28
TRX 0.11
JST 0.031
BTC 69183.52
ETH 3807.87
USDT 1.00
SBD 3.71