We are not going to say whether or not the information in the above video is accurate. What we will point out is that there is a certain degree of accuracy in it. Look at any US paper money today. The statement that the money is backed by the Good Faith and Credit of the people of the United States was at one time on federal reserve notes, but has since been removed.
|An example of a 1928 series $10 Gold Certificate (Photo credit: Wikipedia)|
It used to be that you could exchange paper currency for real money. Those days are gone and you need to ask exactly how this happened and what changed. By 1935, Gold was at $35.00 per ounce and it took about one ounce to make a $20.00 gold coin.
It's interesting to note, it is illegal to smelt US coin currency for it's intrinsic value or any other reason. Ask a lot of questions and see where the answers lead you. You might just get a surprise. The education is well worth the trip.