Whew! ...haven't laughed that hard for awhile....
The government is NOT there to serve the People - it exists to accumulate as much power over the People as it can, right up until it consumes itself....
Debt and taxation are two, different things.If the debts incurred by the government no longer represent the people, the people have the power to RENEG on that debt. End of story.
Yep, see above - taxes is different then debt.
Actually, that is why the dollar would win out - because of freedom - none of the other currencies have any motivation over desire to pay taxes.You underestimate the power of FREEDOM.
This is why the tally stick was money in England - because it paid the King's tax... etc.
Agreed - called the taxman.Force is the ONLY thing that is propping up the USD and all other fiat currencies.
Do you believe the US government would suddenly not need taxes?Once the legal tender laws are removed, the legal use of force EVAPORATES.
You can use any currency in the whole world to transact with - nothing is stopping you.Therefore, the demand for dollars would plumment (both internationally and domestically).
Or, more likely, the US government will merely not pay out the T-bills and default.As bonds flew back into the USG treasury - the outstanding cash needed to pay off the debts would be printed and a massive devaluation would occur as capital moved into MARkET CHOSEN MONEY.