/biz/ - Business & Finance

>>14200268
in

>>12386437
>>12386460

So what does this mean in practice?
Originally the dollar actually had a definition, in 1913 - the year the federal reserve was founded - A 20 Dollar Bill was a claim check on 1 Ounce of Gold.

The holder of the Bill had an asset redeemable in Gold, and the issuer had liability payable in Gold. We will come back to this point in a minute.

In the 1930s the dollar was reevaluated against gold at $35 dollars an ounce and in 1971 the relationship between the dollar and gold was finally destroyed and the dollar first became a completely meaning less term.

Read pic related and consider the following; The Federal Reserve is NOT FEDERAL and HOLDS NO RESERVES.

What does you guys think on this one???

https://www.tzero.com/tzero-overview.pdf

>>7555037
another meme i made

>>7553426
Keep in mind that everyone who tells you 'keep your money in the bank' or ' invest in these dollar-denominated stocks' is already taking your money

The US is going to borrow $995,000,000,000 this year. With only 525,600 minutes in a year that works out to the government borrowing $1,893,000 every minute - day and night, rain or shine.

Post your net worth and I will tell you how long your life savings could fund the monolithic US government