That's not really true, tho - money is backed by violence.
Look at what happens every time some country or commodity tries to shed the dependence on the USD - or Sterling in the past, and increasingly the Yuan.
RE: Shackled minds - you can do anything if you try.
You are viewing a single comment's thread from:
Shackled minds - you can do anything if you try.
Never thought of it that way, interesting, yes it is, money worth nothing buys the war machinery, so yes, you are correct.
Silly though is it not, because if you can exchange the useless paper for gold, and you can, I have, then you could back a currency with gold, but wait, Saddam thought of that, and look what happened to him, and his gold.
OK, but the money pays for the violence that protects the value of the money that pays for...
And is then much harder to break that chain than just hoarding gold. Need wars.
note that the fake money plus violence has accumulated real things, such as land and minerals and commodities. Now it is going after hearts and minds.