Dear Mr. Wealthy,
Federal Reserve notes are not redeemable in gold, silver or any other commodity, and receive no backing by anything. This has been the case since 1933.
The notes have no value for themselves, but for what they will buy. In another sense, because they are legal tender, Federal Reserve notes are "backed" by all the goods and services in the economy.
Now...AIG CEO's scream:
Please forgive our debt as we had people at the helm making bad decisions. They will try to do better in the future. [yell right]
It is time for the shareholders, middle class and entitlement classes learn self-reliance and learn it fast!
We have all been thrown under the bus...
Sincerely,
American Taxpayers
