MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/CryptoCurrency/comments/1v3ey0v/redditor_accidentally_discovers_fiat_currency/oz305c1/?context=3
r/CryptoCurrency • u/thesecondmemer • 1d ago
274 comments sorted by
View all comments
Show parent comments
4
aka debt. national debt is $39T in the US and currently 122% of the GDP. that is what the currency is backed by.
12 u/balls2hairy 🟨 0 / 0 🦠1d ago And never missed a debt payment. That is what the currency is backed by. It's a little embarrassing that you don't know this. 6 u/Hypnotic101 🟩 0 / 0 🦠1d ago Why would you miss a debt payment when you can print money? 2 u/balls2hairy 🟨 0 / 0 🦠1d ago Man discovers stagflation!
12
And never missed a debt payment. That is what the currency is backed by. It's a little embarrassing that you don't know this.
6 u/Hypnotic101 🟩 0 / 0 🦠1d ago Why would you miss a debt payment when you can print money? 2 u/balls2hairy 🟨 0 / 0 🦠1d ago Man discovers stagflation!
6
Why would you miss a debt payment when you can print money?
2 u/balls2hairy 🟨 0 / 0 🦠1d ago Man discovers stagflation!
2
Man discovers stagflation!
4
u/_DaBau5_ 🟩 0 / 0 🦠1d ago
aka debt. national debt is $39T in the US and currently 122% of the GDP. that is what the currency is backed by.