Comment Re:First understand money (Score 2) 294
But is it really overvalued? Debt is only part of the equation. When the statement "the dollar is backed by the US Government", that means the whole thing; Executive (including the Federal Reserve, military, and so forth), the courts, and of course Congress, not to mention the collective will of the citizens of the United States. When you look at the greenback in that light, it's hard to imagine a currency in modern times as well backed.