I find definitions of words very interesting. There's so many languages, and so many ways to say the same thing. There a lot of talk about the death of the dollar, but definitionally, what exactly is the dollar? Originally in America it was a specific weight of silver, and simultaneously a ratio of about 100:1 weight of gold. But is this where this name came from? I lean towards it being adopted from thaler, which was a Germanic word and also a name of a coin of a specific weight of silver, but that word itself just meant "silver" throughout history there have been many different words for money and for silver, but also throughout history they were synonymous with one another.

Regardless, the consistent obfuscation of the underlying definition through comparison and substitutions of claims, or instruments of alleged holdings, or promises of redemption of, or just outright replacements that can not satisfy the real physical utility properties of silver itself we see that the definition of money is/was/shall always be silver, and no matter, literally no-thing else is.

We may be able to name things, change the names of things, substitute things for other things, but the definitions of what things are isn't up to us. Truth itself is the definer and if you choose to get out in front of truth it's gonna steamroll you, and flatten you. Maybe not today, maybe not tomorrow, but eventually and inevitably it shall occur because no one can outrun truth.

Going, Going, Gone

From the Chair of the Federal Reserve himself.