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The USD is backed by 11 nuclear aircraft carriers, 68+ nuclear submarines, 8725+ tanks, 1,359,685+ military service members, a police force and one IRS that mak
by ElonMuskrat 5y ago
The USD is backed by 11 nuclear aircraft carriers, 68+ nuclear submarines, 8725+ tanks, 1,359,685+ military service members, a police force and one IRS that makes damn sure taxes are paid in USD or "damn would be a shame if the governemnt took your home/car/freedom away"
- nailer 5y agoThat’s actually a really solid and novel argument and you might have changed my opinion here (give me some time to think about it). The USD is backed by the military not by gold.
- ElonMuskrat 5y agoThe late David Graeber helped shape grounded ideas on money. His book entitled "Debt: The First 5000 Years" cover the topic, but he also discusses the core ideas in interviews freely available on YouTube.