What is the value of us 1 one dollar star paper currency?

Answer 1

Until 1971, the US Dollar was fixed against gold at 1/35 ounce per Dollar. Since the abolition of the Gold Standard and the decimalisation of British currency (Sterling), along with the abolition of the British Silver Standard, the Federal Reserve has printed currency according to demand and to artificially devalue the Dollar against other currencies, which are all doing the same thing. The Federal Reserve prints approximately 1.2 Trillion Dollars worth of currency every year with no assets to bacck its perceived value agianst. What we end up with is the Dollar representing a miniscule amount of gold nowadays (currently the market has gold at over $1800/oz or one hundredth of a gram per Dollar), however the Dollar is backed against itself now, not gold or silver. The common misconception is that the price of gold has gone up, but in real terms the price of gold has remained static throughout Human history - it is the Dollar that has devalued, giving the illusory inflation that all currencies exhibit.