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famousone
· 3 years ago
· FIRST
Nothing except for controlling the world's oceans, sky, space, and having the highest quantity of high quality warfighters on hand.
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mrfahrenheit
· 3 years ago
That's not what this means at all, this (at least to my knowledge) seems to suggest that the dollar isn't backed by anything, like most currencies. At least going off the fact that they mention the gold standard. You seem defensive?
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famousone
· 3 years ago
I'm saying that the dollar is backed by real power, not some arbitrary ore.
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mrfahrenheit
· 3 years ago
that's not how backing currencies works
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famousone
· 3 years ago
Things work whatever way the group with the greatest ability to apply pressure decides.
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mrfahrenheit
· 3 years ago
I'm not sure if you're being deliberately obtuse or if you're just very dumb
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famousone
· 3 years ago
Certainly one of us is.
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towdaniel123
· 3 years ago
Well for his defense, if the poster was mentioning currency in general, he wouldve said so instead of saying US currency only. Hes just trying to say the dollar prices are the standard because it is trustworthy, therefore the value of the dollar isnt backed by nothing but backed by the fact that it will hold its value and be stable. Unlike currencies in Africa that fluctuate in value and some currencies become non existent overnight.
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jasonmon
· 3 years ago
For the confused: the US dollar is a fiat currency
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