Keeping the Faith in Our Dollar

The value of stocks have been dropping for over a year and have lost trillions in value. Many have seen their life savings gone with the wind.But there is still hope that the downward slide will hit a bottom and stocks will rise again.The big question is: Where is the bottom?. The correct answer is that the bottom is zero. The American currency is backed only by faith that it is worth something. If the public loses that faith it is worthless. There was a time when each dollar could be redeemed by gold. If you would rather hold gold, a teller at the bank would exchange it. The dollar was worth its weight in gold. In 1933 it all changed Franklin D.Roosevelt helped pass the law that it was illegal to possess gold. Then the dollar had value only on the faith that it was worth something. My advice to the public is to keep the faith and we shall overcome.