Nah, Fiat value was backed by gold. We are still running off that belief though it is slipping. For sure banks still believe it is at least backed by gold. Not 1 to 1 but if it were to be discovered that the US Treasury had no gold the dollar would collapse.
Guns and the tax cattle we and our kids are is the big one though.
Nah, Fiat value was backed by gold. We are still running off that belief though it is slipping. For sure banks still believe it is at least backed by gold. Not 1 to 1 but if it were to be discovered that the US Treasury had no gold the dollar would collapse.
Guns and the tax cattle we and our kids are is the big one though.