I guess I don’t understand. A physical asset (tangible) has value in and of itself. How can it be backed by USD?
why not bring fractional banking into the discussion? fractional banking is the process of making "more of" something from a fixed amt which goes completely against the laws of physics. fractional banking borders on the notion of making something from nothing. it's an illusion, a facade. bankers and lawyers smh. there is evil that lurks in the hearts of many in that genre.
i'm just saying never say never. you have to be well read enough to know the geopolitical discussion around the US dollar remaining to be the sole global reserve currency. the bankers will decide the what-what. it costs the taxpayer $500+ billion a year just to service the interest on "our debt" of $30+ triilion. "we the people" don't have a lot to say about what the bankers do. as soon as they find a need to change the current status quo while covering their risk they will. bankers never lose and the big boy bankers are the global shot callers.
My brother-in-law is a banker / millionaire on wall Street ,what a fucin asshole he is, 100% Oscar myer Weiner!
My brother-in-law is a banker / millionaire on wall Street ,what a fucin asshole he is, 100% Oscar myer Weiner!