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A comment on Fake Books. Parent comment

Re:Fake Books by duped on Monday October 24, 2022 @03:05PM (#33320946)
> USD is accepted worldwide, even though its based on less than even a shitcoin

The full faith and credit of the the United States government is pretty solid.

> and 90% of it doesn't physically exist according to the Fed themselves.

That's how debt works

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Re:Fake Books by hahajk on Tuesday October 25, 2022 @07:19AM (#33329023)
What does "The full faith and credit of the the United States government" mean? You can't redeem dollars bills for anything from the govt as far as I know.
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Re:Fake Books by duped on Tuesday October 25, 2022 @10:13AM (#33330704)
You can only buy bonds from the government in dollars, the government only pays interest on those bonds in dollars, and the bonds are only redeemed for dollars when they mature.
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