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On Aug 15, 1971 this statement becomes true for US dollar - Executive Order 11615
by yanko 2y ago
On Aug 15, 1971 this statement becomes true for US dollar -
Executive Order 11615
- immibis 2y agoAll currencies, including crypto, fiat, and chickens, have been Ponzi schemes since the beginning of time and will continue to be until the end of time. It's fundamental to their nature.
- ggm 2y agoWhen the state does it, it's not ponzi until the state implodes and then it is.
- thaumasiotes 2y agoCurrencies lack the suggestion that holding them will bring you a profit. That isn't true of chickens, which are significantly better in investment terms than currency - holding chickens definitely will bring you a profit, unless you screw it up.