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> USD is accepted worldwide, even though its based on less than even a shitcoin The full faith and credit of the the United States government is pretty solid.
by duped 4y ago
> USD is accepted worldwide, even though its based on less than even a shitcoin
The full faith and credit of the the United States government is pretty solid.
> and 90% of it doesn't physically exist according to the Fed themselves.
That's how debt works
- hahajk 4y agoWhat does "The full faith and credit of the the United States government" mean? You can't redeem dollars bills for anything from the govt as far as I know.
- duped 4y agoYou can only buy bonds from the government in dollars, the government only pays interest on those bonds in dollars, and the bonds are only redeemed for dollars when they mature.