Message from @Sh0t
Discord ID: 660906736873504808
since that's apparantly all you care about
I swear americans have this odd obsession with taxes no other nation has.
Since millions of American individuals and corporations owe taxes is US dollars, the dollar has a consistent demand floor
The dependability of the fed collecting the taxes every year is what backs it up. What do YOU think backs it up? @✨Skolander✨
It's not just America, that's most fiat based countries
No, not a single fiat based country functions like that.
Obviously it's working and we don't have vaults of gold for all our dollars anymore...
All of them, except for the ones in trade blocks where there is an extra step, like the Eurozone
The US is big and powerful enough that the "promise" is enough
If governments collapsed entirely, falling into total anarchy, people could still use the same damn physical paper as a trade medium, ie. a currency
the only reason we use fiat currency is because it is less volatile
that's about it
under anarchy it would return to being as volatile as any other currency
They could try and use it, but I would expect the dollar to have some serious problems if the US fedgov fell
irrelevant
they could use it just the same
whatever value it has, is because people believe it has value
The bond holders wouldn't get their coupons or redemption, so that would b ea major problem
why wouldn't they?
no more fedgov
idk, that's a logistics problem
I wonder what point you're trying to make @✨Skolander✨?
@Dr.Cosby that none of you fundamentally understand what currency is.
Aha I see
you honestly think it has shit to do with taxes
I always wonder if they really believe they are so smart when they make statements like 'Americans are dumb' et
it is a moronic thing to say
any economist would laugh you out of the room if you attempted to make that argument.
Americans are so dumb, we don't even know what currency or taxes are, darn it
We did elect Trump though, so I can't complain when people make fun of us
literally any physical object can be used as a currency.
Do you agree or disagree with that statement?
You can try, no gurantee anybody would accept it
The funny thing is it's usually people who like Trump, who like to call Americans stupid...m
I wonder why
^no doubt
I don't care about "anybody"
I care about you.
answer it.
I did answer it