I wouldn't agree with "debt based currencies are backed by the ingenuity of the people". Debt based currencies are backed by the trustworthiness of the debt iss

I wouldn't agree with "debt based currencies are backed by the ingenuity of the people". Debt based currencies are backed by the trustworthiness of the debt issuing entity. It doesn't matter how ingenious Americans are as long as the Fed prints money to fund the welfare and warfare state.