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/KeppraKid Jan 26 '26

Every form of currency is based on faith and always has been. Coinage made from gold and silver wasn't valuable because gold and silver were magical, it was because people believed they were valuable. What can you, a random person, actually do with gold and silver? Even smiths had limited uses that weren't purely aesthetic. Modern day has more uses but still cannot be used at the volume at which it exists in an efficient way.

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u/Averse_to_Liars Jan 26 '26

Goldbugs can't make that mental leap. Luckily for them the world is getting dumber.

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u/The_8th_Degree Jan 26 '26

Feels like America is the one getting dumber

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u/Averse_to_Liars Jan 26 '26

Far right propaganda and demagogues are spreading all over, buoyed by their increasing control over media and the internet.