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To: zeestephen
Paper money has no intrinsic value either, as the citizens of Weimar Germany, Zimbabwe, Venezuela, and other places discovered.


3 posted on 05/07/2021 3:35:45 AM PDT by SauronOfMordor (A Leftist can't enjoy life unless they are controlling, hurting, or destroying others)
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To: SauronOfMordor

Fiat currency has the intrinsic value of the nation that created it and how well they have managed it.

Zimbabwe has little value and on top of that the nation has mismanaged it’s currency.

The US has tremendous value in everything from government owned land, assets, society, business, etc.

Have elected officials done their best to screw that up? Heck yeah. But there’s a whole lot more value than used electricity held in virtual vaults only accessible via the internet.


38 posted on 05/07/2021 6:04:08 AM PDT by jdsteel ("A Republic, Madam, if you can keep it." Sorry Ben, looks like we blew it.)
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