Why not? It's perfect.
We haven't had real money (gold, silver etc.)
backing paper money for decades.
Why do we need paper to back electrons?
Well, we hope this is an extreme opinion.
but, who knows.
What the Big Bailout Means. (from wnd.com)
Do you think it's an accident?I'll grant it at least took a few months to concoct.
Do you think it's just a case of bad management?
Do you think the proposed $700 billion taxpayer bailout of U.S. financial institutions just happened?
I don't think so.
In fact, I think it's part of a master plan – one pushing us inevitably, inexorably closer to a closed cashless global economic system of total control.