Buzsaw writes:
Before inflation, they were metals of value which had to be mined and which even when melted had intrinsic value.
I am not an economist so I may have this incorrect; can this intrinsic value also be applied to a countries ability to produce goods and services? It seems to me that the gold backing of the dollar was essentially an arbitrary choice, it had its value based, as you say, on the fact that it must be mined. Now however the value of the dollar seems to basically break down to the countries imports/exports and its ability to produce goods/services.
I think that there is no longer a gold backing for the American dollar is really meaningless to prophecy or biblical interpretation. This is just mankinds, dare I say, evolution of economy.
As Jar pointed out, the global economy predicted in the bible is pretty clear cut about it needing 666 on the forehead or hand. The cashless society could easily be argued as already in effect, dollar for dollar I imagine that most daily transactions worldwide move more often electronically. It is unlikely however that 666 transactions are to ever come in effect.
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