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/biz/ - Business & Finance

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25630028 No.25630028 [Reply] [Original]

what gives fiat currency value?

>> No.25630055

demand

>> No.25630061

Faith gives anything that isn’t labor value

>> No.25630068

the coercive force of the state

>> No.25630077

If I locked 100 rich people up in a cage and printed 99 pieces of paper, and the cost to get out of the cage was 1 of my pieces of paper, that piece of paper would be worth millions.
Same with fiat. You have to pay us back in government funny money or we'll throw you in jail.

>> No.25630083

>>25630028
vaginas

>> No.25630101

>>25630028
You holding it

>> No.25630103

>>25630028
10 aircraft carriers

>> No.25630105

>>25630028
The most powerful military in the world

>> No.25630109

>>25630068
The only correct answer

>> No.25630117

>>25630028
The belief that it is valuable. If people around the world decided toilet paper was more valuable it could be used as currency. The kikes don't want you to know this.

>> No.25630899

>>25630028
Work. Contracts. Then the plebs have to buy diapers, which are a constant, so fiat is not really worth more than what it is on that day.

>> No.25631139

Money sufficiently automates and equalizes the medium of exchange from a barter system to an exchange system.

Gold is the money of kings. Silver is the money of gentlemen. Barter is the money of peasants. Debt is the money of slaves.

Shit like Bitcoin is a digital store of value, it works only if you got in early when it was virtually for free.

>> No.25631225
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25631225

>>25631139
>tfw didn't mine bitcoin in 2010 for pennies worth of electricity

>> No.25631227

>>25630028
Is the dollar really worthless like people say it is? I mean when you think about things it seems like FIAT currencies are actually supported by their countries economy. Sure its not backed by a hard physical asset like gold or silver but its not exactly backed by nothing either.

>> No.25631252

>>25630028
Guns

>> No.25631321

>>25631225
Didn't even know about any of this shit til about a year ago, was living under a rock for most of my life.

>> No.25631346

Crafty jews

>> No.25631388

>>25631252
The present fiat currencies, particularly, the usd-petrodollar are backed by the threat of violence, but they don't have to be. It's just that the yids running the Fed are genuinely retarded and don't understand the difference between economics and finance, they also genuinely believe that usury is a necessity.

>> No.25631459

Me and you in daily transactions and the US army accepting it as payment.

>> No.25631499

>>25631321
>living under a rock for most of my life.
Are you a syrian rapefugge?

>> No.25631505

>>25630028
faith, hopes, and dreams

>> No.25631552

>>25631499
No, just a miserable and depressed westerner who nearly offed himself.

>> No.25631632
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25631632

>>25631552
pic related

>> No.25632046

oil

>> No.25632107

guns

>> No.25632143

>>25630028
Fiat is latin for "let it be done".

In other words, force. And the acceptance of that force.

>> No.25632414

>>25630061
Labor doesn't have intrinsic value.

>> No.25632532

The brainwashing of 95% of society. Read 1984. Were basically living in it

>> No.25632547

>>25632143
holy based

>> No.25632602

>>25630028
https://www.uufsc.com/archive/EndofDollarHegemony.pdf

https://www.microstrategy.com/en/bitcoin/documents/stone-ridge-2020-shareholder-letter

>> No.25632704

>>25630068
/thread

>> No.25633067

>>25630028
I do.