Money is whatever is accepted to be that is mutually accepted between parties to satisfy any commercial business transaction or to settle a debt obligation.
Paper USD is money based upon its “acceptance” as such not because it has a gold or silver equivalent equal to the denominational print. It used to be. But after 1971, that ceased.
Real money is rare metals like gold and silver in denomination form. “Near real money” is paper certificates that provide the holder the option to exchange the currency for gold or silver. Fiat money is just “printed paper currency” with no underlying exchange capacity for gold or silver. Acceptance creates it's value.
All fiat currencies eventually fail because of monetary mismanagement by govt and banks, excess debt, loss of acceptance by users, or by international boycott. The average life expectancy is 50 years for any fiat currency. The USD reaches that mark in 2021.
The question is will the USD be replaced by a “new fiat currency” [socialism] or will it be restored to a stronger gold reserve currency [capitalism].
Money is a monetary chameleon with few people understanding the underlying significances due to bank and govt disinformation. Money can be kitchen spoons, tools, seeds, diapers, cans of oil, and bags of dried rice if the market chooses.
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