Ten Points for whoever can tell me since 1973 what the US Dollar has been backed by....?
441405
it's backed by the full faith of the US government. I actually have a collection of "silver certificates".
1073408
Some years ago, it was one dollar to around 300 yen.  Now it fluxuates around one dollar to 100-140 yen.  Right now its about 113.4.  I figure it will "stay about the same", give or take about 20 yen.  Remember the Japanese economy has been having a very hard time since about 1988, in some ways worse than the recession the US has seen.  They are losing many jobs and industries to places like South Korea.
524189
When Nixon allowed the dollar to float taking it off of the silver standard it devalued the dollar and made it no longer as attractive to own and it has been in decline every since, To answer your question, yes I think it will last it may be worth less but it will be our currency into the future.
832194
http://www.oanda.com/convert/fxhistory\n\nHi, this page should help.  You can plug in the type of currency and the dates you need the conversion for.\n\nHave a great day :)
296421
I have very bad news for you:\n\nIn 1971 the President of the United States of America Richard Nixon decided to suspend the convertability convertibility from dollars to gold.\n\nIn 1968 an ounce of Gold was worth exactly $35\n\nIn 1971 the United States of America had a reserve deficit of $56 Billion dollars; as well, it had depleted most of its non-gold reserves and had only 22% gold coverage of foreign reserves. In short, the dollar was tremendously overvalued with respect to gold.\n\nIn 1971 more and more dollars were being printed in Washington, then being pumped overseas, to pay for the government's military expenditures and private investments. In the first six months of 1971, assets for $22 billion fled the United States\n\nIn 1971, the United States government abandoned the gold standard, so that the US dollar was no longer a fixed currency, and most of the world's currencies followed suit.\n\nAll this means the United States of America Goverment can print any amount of Dollars and it does not have to back the value with Gold or with anything else.\n\nIn other words. The dollar is just a piece of paper.\n\nThe only thing backing the Dollar is the PROMISE of the United States of America Goverment to pay back someday with the taxes it collects. This is of course impossible because the money collected is less than the money spend. In other words. The United States of America Goverment is unprofitable.\n\nHowever, they just keep printing more and more money and they just selling more and more dollars.\n\nIt's like a MasterCard with Unlimited Credit and they just keep buying and buying things and they don't worry about the increasing debt because they know MasterCard is never going to cancel the Credit Line.\n\nIf you want to know how much money the United States of America Goverment owes to the rest of the world just check the link below
1112615
I remember a couple of things, but look these up to be factual. He allowed the dollar to float, it was on the silver standard and now it is autioned. He allowed privet ownership of gold, he opened free trade with China. Most of these things have hurt the U.S. A. as the dollar is no longer worth a dollar. The very rich are invested in gold and not into things that will help the country grow and you are living the result of free trade with China. That has cost many American jobs. I hope this helps.
804254
dollar on a string\n\nlol
544590
See this:\n\nhttp://www.economist.com/theworldin/business/displayStory.cfm?story_id=5149435&d=2006
289786
Yep, Iran is definitely on the hit list and currently the most imminent threat to our US Dollar.  If Iran starts selling oil in Euros like it plans to late this month, it will definitely be time for the US to "intervene to stop those crazy nuclear terrorists".\n\nCheck out Congressman Ron Paul's (R-Texas) well-written history on the real way we pick our war targets (an essay titled "Dollar Hegenomy").  From the pattern, Iran is definitely on the list, very soon in fact.
1056033
The Project for a New American Century is about to fall apart.  The world is headed back to a multi-polar world, not very stable and it will be compounded by the loss of the dollar as the reserve currency of the world and the peaking of oil.  We're in for a bumpy ride. :(
321020
its the unstable US dollar, its the world currency, if the US economy stumbles then other countries need something to bank upon thats why gold prices are increasing, and oil prices please ask Mr Bush!!!!
701265
Take a look at the graph. The national debt after WW2 was huge and they needed a way to pay it down. It worked for a while as the US became more productive the debt to GDP ratio steadily declined until 1980. Its been increasing since then except for a short period during the Dot.com boom.\n\nhttp://zfacts.com/p/318.html
473972
Good luck, I've been looking for a site where you find how much federal money that was sent to the individual states throughout the history of the united states.***
1162250
Maybe this one helps?\n\nhttp://news.morningstar.com/article/article.asp?id=125215&wmcsection=porttips4
93629
Try the site below. About half way down the page is a calculator for 'relative' value of US dollars
1184719
you're a few years behind. German Marks no longer exist. They're replaced by euro. 150 US dollars are worth 117,34 euro at present.
1020524
i agree 100%.  the creation of the fed and the subsequent dumping of the gold stantard has led to a loss of purchasing power of the dollar on the order of 98%.  the income tax is illegal so he wont find anything in the constitution about it.  and if you think there wont be any exchange controls anytime soon in the US, you better remember roosevelt's confiscation of the people's gold in the early 30's.  it'll happen again.  we have been heading in the wrong direction for too many years......