In the 19th and 20th century we realized value is something humans give stuff

Rather than something inherent to things.

Which is why fiat works fine.

People sit on bit coin till it reaches peak value, then rapidly rush the trade to convert it to cash like a bank rush during the stock market crash

actually we knew value was given since the fucking greeks

Sure fiat is exploitable.

fuckers going blah blah value of currency I'm just trying to get a job

Joker become a trucker.

we switched to fiat so the FED could game our currency and keep printing money

But better it be manipulated by anyone than just manipulated by governments

What's to stop a nation from lying about their gold reserves.

Nothing.

audits

POST MEMES YOU AUTISTS

Audits?

it's better to have *more* gold

so you audit there gold

Who would be responsible for audits

IE independent people audit their supply

A third party?

Best I can do is my pfp

Lol

We also switched to FIAT because a bunch of nations sold America their gold when they went to FIAT. Then, when the US wanted to renegotiate trade deals, they demanded some of the gold back. Which is why Nixon ended the gold standard fully.

That wouldn't work.

third party would naturally happen

Everyone would just lie

And pay off auditors.

fukin H-DooM

China

Like I said, you're just moving the problems around rather than solving them.

Fiat is fine

that pfp is omega gay

its not my fault the HDOOM imp looks hella cute

The main nations who wanted Gold from the US for trade deals were Spain, France, and Italy prior to Nixon ending gold standard.

@excursion12 (redha, richtginger) its big tiddy demon gurl u fuk tho

fiat enables government to pull the shit they're pulling now

they shouldn't be able to spend endless money

So?

Who says?

@Jokerfaic it's anime tho