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You're correct! The US government doesn't claim that their currency is backed by gold - they merely strongarm the rest of the world into using dollars to pay fo
by tb_technical 4y ago
You're correct! The US government doesn't claim that their currency is backed by gold - they merely strongarm the rest of the world into using dollars to pay for oil.
This effectively pins the dollar to the value of a barrel of oil - without having any formal accountability of having to pay up.
Meanwhile they made corporations in charge of the money supply, which they use to erode the generational wealth of the middle classes.
If you're mad at what tether is doing, you ought to be mad at what the federal reserve is doing as well. That was my only point.
Edit: Upon rereading my original comment - I can see how someone could take it as just snark. But we gotta keep these snakes out of controlling the money supply.