Fiat is not a store of value and is not money. A kilo of Bolivars, anyone?
The Dollar is a loan note from the Federal Reserve. We only pretend it is money.
Another day
Fiat is not a store of value and is not money. A kilo of Bolivars, anyone?
The Dollar is a loan note from the Federal Reserve. We only pretend it is money.
fiat is debt
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It is all someone's obligation to someone and we bagholders with the paper are the patsies. Anything with another party in the chain will have a hand in the patsy's pocket.
I like PMs because I know where they're buried.
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