Disliked{quote} Of course these are just papers, what makes them valuable is the signature of the state. How much interest is paid or taken, how much inflation does it have etc. It basically represents the economy. Depending on the economic situation and country's reputation the value of the currency changes. That's it.Ignored
Every single bill in circulation is debt owed to the federal reserve by the central bank.
Is it the promise that we will get out of bed go to work and make up the value of that debt that gives it's value?
It's a promise that we will continue to feed the debt monster?
All the debt paper can be stacked up in $5 bills to reach the moon. And you saying this represents the economy? Then I say we are fooked haha.
Founder of Sutherland Wave Principle
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