Libertarians amaze me some times. What do you think a currency can be backed up by? Gold? It’s a completely speculative asset, hoarded by dragons, keeping it from its actual use-case in electronics.
Cargobiker530 on
Oh, c’mon. The United States dollar is backed by the full faith and credit of the United States Gover…..
….. Oh, Shit. We. Are. So. Fucked.
knightsofgel on
So what do you propose it be backed with then?
Conscious-Loss-2709 on
The great depression would’ve had a part 2, 3, 4 and 5 if we’d stuck to the gold standard and hadn’t had the tools a fiat currency gives us. But yes, a fiat currency has its flaws too.
It’s almost seems like there isn’t a simple single solution for big complicated problems… A good thing to remember around election day.
sugartrouts on
And how many people are randomly asking you what the dollar is backed up by?
gravity_kills on
The dollar is backed up by the US military. We’re an empire. That box should be holding a gun or a missile.
houseonsun on
What happens when the US is the only country on the gold standard? And other countries want to exchange our money for our gold?
I’ve long been of the opinion that 80% of what we have going on as a nation is because we are utterly dependent upon oil , backed into a corner by 8 decades of mis-allocation of resources or wasn’t that obvious?
wr_dnd on
It’s backed up by the most powerful military in the world mate.
yamez420 on
It’s actually backed by “the people’s faith in the government.” Buddy how much faith do you have in the government? How much is that money worth when you do get it? How long does it last? Yeah. Our cash is trash.
WrongKielbasa on
Dunno maybe AC130, R35, A10 Warthog, and a couple boats.
confuseum on
Once again it’s lies. Lies are what’s backing all of this. Why lie?
SmoovCatto on
the truth is a bit more sinister: the dollar is backed by the threat of genocide should your country not worship it
Sanity_N0t_Included on
Is that Silicon?
ndndr1 on
I am not in finance or banking or money at all. I like money, I would like to have more. I have questions about the backing of the dollar
As I understand it, The US dollar is backed by the people’s faith in government. It’s no longer tied to a physical commodity like gold. That seems to mean that the value of the dollar is reflected in the GDP.
Didn’t our debt recently increase past the GDP? So our debts now are greater than the amount that we bring in yearly so the deficit will continue to increase, and we will be unable to pay.
So is this cartoon commenting on the fact that the dollar is backed by a GDP that is less than our debt? Also, what will happen to the dollar as this discrepancy increases?
MotivatedKing on
It’s backed by taxes.
You need to pay taxes,
you can only pay your taxes in dollars,
therefore people want dollars
jeremiasalmeida on
The need to by oil it.is what’s backs the Dollar.
GadreelsSword on
Gold only has value because people think it does
Imagine a collapsed paper currency like the dollar. People are starving, well you can’t eat gold, food becomes the highest value currency.
It sure as hell won’t be crypto which is currently useless as a real currency and is the modern equivalent of tulip bulbs… if you know what I mean.
JeffreyElonSkilling on
As they say in Civ, “Our words are backed by nuclear weapons!”
The_seph_i_am on
I’m a fan of the petrodollar theory. Framed that way you can see why so many are opposed to EVs.
That said, bottle caps make about as much sense at this point
Graychin877 on
We don’t need no stinkin’ backup! What backs up your Bitcoin?
lurkin_n_workin on
Societies continued trust in each other and our government.
InertState on
Pretty sure it’s the battle carriers
Sunastar on
The dollar is held up by the two Ls in the middle. They are powerful columns which will never fail.
carpenter1965 on
Fuck your stupid meme. The dollar is backed by roughly 220 trillion in assets. Fuck you and your bit coin.
25 Comments
Libertarians amaze me some times. What do you think a currency can be backed up by? Gold? It’s a completely speculative asset, hoarded by dragons, keeping it from its actual use-case in electronics.
Oh, c’mon. The United States dollar is backed by the full faith and credit of the United States Gover…..
….. Oh, Shit. We. Are. So. Fucked.
So what do you propose it be backed with then?
The great depression would’ve had a part 2, 3, 4 and 5 if we’d stuck to the gold standard and hadn’t had the tools a fiat currency gives us. But yes, a fiat currency has its flaws too.
It’s almost seems like there isn’t a simple single solution for big complicated problems… A good thing to remember around election day.
And how many people are randomly asking you what the dollar is backed up by?
The dollar is backed up by the US military. We’re an empire. That box should be holding a gun or a missile.
What happens when the US is the only country on the gold standard? And other countries want to exchange our money for our gold?
https://youtu.be/GNo7MDN5-0g
I’ve long been of the opinion that 80% of what we have going on as a nation is because we are utterly dependent upon oil , backed into a corner by 8 decades of mis-allocation of resources or wasn’t that obvious?
It’s backed up by the most powerful military in the world mate.
It’s actually backed by “the people’s faith in the government.” Buddy how much faith do you have in the government? How much is that money worth when you do get it? How long does it last? Yeah. Our cash is trash.
Dunno maybe AC130, R35, A10 Warthog, and a couple boats.
Once again it’s lies. Lies are what’s backing all of this. Why lie?
the truth is a bit more sinister: the dollar is backed by the threat of genocide should your country not worship it
Is that Silicon?
I am not in finance or banking or money at all. I like money, I would like to have more. I have questions about the backing of the dollar
As I understand it, The US dollar is backed by the people’s faith in government. It’s no longer tied to a physical commodity like gold. That seems to mean that the value of the dollar is reflected in the GDP.
Didn’t our debt recently increase past the GDP? So our debts now are greater than the amount that we bring in yearly so the deficit will continue to increase, and we will be unable to pay.
So is this cartoon commenting on the fact that the dollar is backed by a GDP that is less than our debt? Also, what will happen to the dollar as this discrepancy increases?
It’s backed by taxes.
You need to pay taxes,
you can only pay your taxes in dollars,
therefore people want dollars
The need to by oil it.is what’s backs the Dollar.
Gold only has value because people think it does
Imagine a collapsed paper currency like the dollar. People are starving, well you can’t eat gold, food becomes the highest value currency.
It sure as hell won’t be crypto which is currently useless as a real currency and is the modern equivalent of tulip bulbs… if you know what I mean.
As they say in Civ, “Our words are backed by nuclear weapons!”
I’m a fan of the petrodollar theory. Framed that way you can see why so many are opposed to EVs.
That said, bottle caps make about as much sense at this point
We don’t need no stinkin’ backup! What backs up your Bitcoin?
Societies continued trust in each other and our government.
Pretty sure it’s the battle carriers
The dollar is held up by the two Ls in the middle. They are powerful columns which will never fail.
Fuck your stupid meme. The dollar is backed by roughly 220 trillion in assets. Fuck you and your bit coin.