IOUs

I'm really amazed that our government continues to act as if it's business as usual. The state of California has officially issued IOUs that a couple of banks will honor until July 10th and as for those whose banks won't honor them, they can be redeemed or cashed or whatever October 2. I read that most of them are going to residents that have been awaiting their state income tax refund. Doesn't this just make you shake your head? Way back in the last century, the dollar didn't have a value of it's own, it merely represented the silver that backed it. It was 1965 that declared the dollar to be of value simply by the special paper it was written on. And checks were used to represent a dollar amount in the bank. And so today, we have IOU's to represent checks because there are no dollars to actually back the checks. And we have all realized there is nothing to back the dollars being printed in Washington. How soon will it be before the currency all gets changed again and reads something crazy like "backed by good faith credit" or something equally meaningless? I'm thinking this urgency to recreate our currency is over bigger issues than would be counterfeiters. In my game ECONAMOK, we also included IOUs for government use. And just like our game, the government doesn't have to accept them for payment of taxes, but the players all get them for various "acts of kindness" expressed by the government, like tax refunds and the like. I truly thought, two years ago, when I came up with this idea for the ECONAMOK game, it was a parody, not prophecy!
Charge them that are rich in this world, that they be not highminded, nor trust in uncertain riches . . . New Testament