With the current administration, I’d argue we are definitely in “faith based” money right now.
It was originally based on a gold reserve and then taken off to become a fiat currency. Trump is talking about potentially not paying back debts owned to other governments. Definitely sounds faith based to me, there’s nothing hard backing it.
With the current administration, I’d argue we are definitely in “faith based” money right now.
It was originally based on a gold reserve and then taken off to become a fiat currency. Trump is talking about potentially not paying back debts owned to other governments. Definitely sounds faith based to me, there’s nothing hard backing it.
It’s funny because USA has gone bankrupt several times and most people don’t even know or acknowledge it.
Now they just print paper money and violently force people to use it for stolen oil.
A country, itself, cannot go “bankrupt”.
You wanna know how we can settle debts, for pennies on the dollar, today, right now?
Mint a 10 gajillion USD coin. Now, pay all debts. Now, destroy 10 gajillion USD coin.
See? Impossible to go bankrupt, if you’re the buyer, generator, and seller of something, and there’s always a willing buyer.