>I would not trust JPMC but fiat money (dollars, euros, etc) only has value because of trust in governments. That's not really true. the value of a currency co

>I would not trust JPMC but fiat money (dollars, euros, etc) only has value because of trust in governments. That's not really true. the value of a currency comes from what you can do with it. E.g. I think $20k is a lot of money because I know it is enough to buy a car. That has nothing to do with the government, only the market.