Medium of exchange
Medium of Exchange
Measure of Value
Store of Value
Unit of Account
Demand Deposit accounts
Faith and credit of the U.S. Government
Redeemable in gold or silver.
Backed by gold and silver.
Mostly made in and owned by China.
Managed by the Federal Reserve System.
Faster and better economic growth.
An alternative commodity money to spring up.
Other countries to dominate our economy.
People to rebel.
The National Debt.
The Fiscal Cliff.
The national debt.
The fiscal cliff.
We will fall over into a Depression unless Obama is re-elected.
Congress and the President must agree on tax cuts and/or spending cuts or there will be automatic penalties that could bring a recession.
Congress and the President must raise taxes on the rich or else the poor will fall off the cliff.
Spending must be cut for all people or we will go over a cliff.
With a specific act of Congress.
By order of President Obama.
Automatically, with no action by Congress.
Directly to China.