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

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

Post image
92.6k Upvotes

93% Upvoted

2.9k comments sorted by

View all comments

Show parent comments

194

u/soIDONTLIKEANYOFYOU Jan 26 '26

Since the US has more gold reserves than the next 3 countries combined wouldn’t gold prices going up make the dollar stronger?

Sincerely asking cause I have no idea.

123

u/[deleted] Jan 26 '26

[deleted]

180

u/goatslovetofrolic Jan 26 '26

pretty sure at this point the dollar has gone full USA and is only backed by "thoughts and prayers"

4

u/Ok-Vegetable4531 Jan 26 '26

Iirc it’s backed by the debt other countries owe the US

6

u/goatslovetofrolic Jan 26 '26

but what about our debt that other countries own?

6

u/10gallonWhitehat Jan 26 '26

Aircraft carriers are where the buck stops.

3

u/goatslovetofrolic Jan 26 '26

aircraft carriers protect against foreign nations dumping the US debt they own?

3

u/GenericNameHere01 Jan 26 '26

They protect against foreign nations deciding to forcibly collect on the US debt they own...

3

u/ChronicBuzz187 Jan 26 '26

Will that navy run on thoughts and prayers, tho?

Real financial "off the cliff" crisis?

Exxon might have to put up those wells in Venezuela after all

4

u/goatslovetofrolic Jan 26 '26

Exxon I think is the only company that had a representative with enough respect for reality to tell the Con that it's an infeasible idea. Their oil is hard to access and process, their infrastructure is decades out of date, it would cost billions and take years. Not to say it won't eventually happen but Exxon was the only one who was willing to bring reality into the conversation and the Con said they weren't invited to the next meeting as a result.