What gives cash its value?

Excellent question! And there is a lot of confusion on this point and for good reason. Some say a gold standard. I disagree with that.

But, I will say this; There isn't any natural pressure dictating the value of currencies. These values are far more arbitrary then I like to admit.

NOW you are speaking some reality.

Well, I hope you understand what is "reality"? You are too afraid to speak about what reality is.

In the 1990's, certain Asian countries like Thailand, Singapore and South Korea didn't have any gold to use as their standard to back up their currencies. So, they used the US Dollar. Now, since the US Dollar wasn't their national currency I believe this was a big mistake for them.

Well, in 1997, an economic event called "contagion" spread through these "Tiger Economies" as they were called and ate up all their dollars and completely devalued their currencies, even in their own countries! Devastating to their economies.

Of course, the International Monetary Fund, IMF, came from the United States and forced certain political changes for bail out money.

Well, in a cash based economy we would use our dollar to back up all our debt! We can do that since it is our currency. Consequently, there isn't any fear of a crash since there is a dollar for dollar coverage for all our debt. What would happen with foreign currencies couldn't harm that set-up.

So APL, what gives cash its value?

If you don't understand that, what is the meaning of this thread?

Alchemy wrote;

"What does it take to pay down or pay off any debt?"

This is one of the main points of this thread. Do you have anything you would like to add?

Work.

I have asked a question;

"What does it take to pay down or pay off any debt?"

I understand the lack of response. I don't hold to the conventional fears and gloom imposed on our society by people who should understand how the economy works. The main answer to my question is both simple and safe, and a cash based economy will bring that safe and simple answer to the forefront.

How does the economy work? According to Solomon who made Israel prosper economically to the point that silver was as common as stones in Jerusalem and was "counted as nothing" during his reign - according to him it is righteousness that exalts a nation morally, spiritually and economically.