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A separate point, have you ever considered who issues 'dollars' and what they represent? https://www.investopedia.com/terms/f/fiatmoney.asp https://www.investo
by olivermarks 8y ago
A separate point, have you ever considered who issues 'dollars' and what they represent?
https://www.investopedia.com/terms/f/fiatmoney.asp https://www.investopedia.com/terms/f/fiatmoney.asp
The current era of fiat currencies is likely to shift dramatically IMO
https://www.investopedia.com/terms/f/federalreservesystem.asp https://www.investopedia.com/terms/f/federalreservesystem.as...
- ataturk 8y agoIt is interesting that you raised that point because "dollars" are Federal Reserve Notes, which, in turn, are debt instruments that fund some of the most unspeakably awful people who commit the most unspeakable acts. It funds the MIC, the war machine, and shitty politicians like Chuck Schumer, Nancy Pelosi, and establishment Republicans. Interestingly, the fight to eliminate the power structure and restore the US to "by and for the people" is being resisted by idiots who have been conditioned that Trump is a racist, misogynist hatemonger who can't do anything useful for humanity. Meanwhile, the new Administration is working hard to put things right (or right-er) it's just a very hard job with many setbacks.
- CPLX 8y agoYes they are backed by the U.S. Government, the most powerful organization in the history of world civilization. They are a representation of a claim on wealth by the entity that holds a monopoly on the legal use of violence to compel people to accept said currency as a medium of exchange. So, like, pretty much what I am looking for when I need to buy stuff.
- cryptobeanbaby 8y agoIf you're suggesting cryptocurrencies like Bitcoin or Ethereum would replace fiat, then I have a new cryptocurrency to sell you.