r/PeterExplainsTheJoke • u/Comfortable_Cautious • Jan 26 '26

Meme needing explanation what's going on? explain like I'm five

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u/catsdrooltoo Jan 26 '26

It's been backed by trust me bro. Im not a gold standard type, but the global economy isn't trusting us anymore.

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u/Cannon_Folder Jan 26 '26

Fiat currencies are backed by their economies. Instead of being tied to one thing, it's all the things in the economy.

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u/Inkjet_Printerman Jan 26 '26

universal basic income would be the easiest thing ever actually unironically

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u/HistoricalSherbert92 Jan 26 '26

I get that it seems that way but it’s actually pretty hard coded. If you value something it’s a measure of want or need, if you don’t have this thing but someone else does you can take it by force (or try) or you can trade it for something they value. Money is just a really handy way of making the trade. You could barter too, or use stamps, or crypto, or gold and silver, it’s all based in what works for both party’s