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re: Most currencies in the world are in the red vs US Dollar

Posted on 9/28/22 at 8:25 am to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 9/28/22 at 8:25 am to
quote:

Fiat currency sucks


Compared to currency being "backed" by a rock? The only value in anything is what we assign it
Posted by WaWaWeeWa
Member since Oct 2015
15714 posts
Posted on 9/28/22 at 8:59 am to
quote:

Compared to currency being "backed" by a rock? The only value in anything is what we assign it


Right. But we can’t just make 1000% more gold over night. So the supply of money is more stable than fiat currency. It’s basic economics that has been hijacked by the same people that tell you a man can be a woman and climate change is going to kill us all.

Yet when they talk about economics and modern monetary theory you assume what they say is the gospel. Maybe you should do some research before you are so sure of yourself.

Modern monetary theory is a trash theory just like queer theory or critical race theory. It’s an excuse for the left to print as much money as they want for all their little pet projects.

Well the chickens are coming home to roost. You are about to find out my friend.
This post was edited on 9/28/22 at 9:00 am
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