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> Even if it's only backed at 50% (which would be really shocking to me) Why would that be shocking? It seems clear to me that they are full of shit. Maybe it
by gizzlon 4y ago
> Even if it's only backed at 50% (which would be really shocking to me)
Why would that be shocking? It seems clear to me that they are full of shit.
Maybe it's 80% or 8% or basically 0% . Who knows..
- drexlspivey 4y agoBecause if they are backed to only say 20% where did the rest of the money go? Did $80B disappear or what? And what are the reason to believe they did other than conspiracy theories? Why would they not just buy $80B worth of bonds to collect free interest on them?