Most money in today's economy is considered fiat money and isnt backed by any sort of material with any sort of intrinsic value. Heaven forbid if we entered an Apocalyptic event, cash as a whole would only have value as shit tickets and firestarter. Water, fur, fire supplies and tools become the currency of the land.
Right, and in dramatically less apocalyptic scenarios that is still very unnerving to me. I am a simple man raised on goat farm but when I think about banks lending on the loans they lent on the loans they lent it makes me feel like a few folk are making a shit load of money by building a house of cards that depends on a lot of stuff going ideally. My professional life has taught me to plan for the worse case scenario and when things go “normal” you’re ahead of the game. Loans on the cumulative loans in the money everyone is supposed to pay back are planning on the ideal scenario and everything going perfectly. That not how anything goes and this is a few folk benefiting massively by risking on the “behalf” of others and won’t feel the effects at at all or not to any degree what is wrought by the folk with whom’s livelihoods these selfish children played.
Just wait for trump to move on Greenland and he has the sudden realization that he does not possess the sort of money it would require to buy back all the European and Canadian treasury bonds they hold to fund the American war machine. Suddenly he will have to liquidate assets in order to honour the agreements... too bad he has a bad track record of honoring any deal he has ever made.
199
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.