Wow. Just…wow. This reporter explains that the U.S. Dollar is backed by the federal gov’t and the Fed, thus making it a safer investment than gold, which she says is backed by nothing. Worst analysis ever? I think so.
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selfperceptiontheory reblogged this from hipsterlibertarian and added:
Ahahahaha Canadians
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dapperjim said:
…I’d argue that the majority of it’s value is based on the idea that other people will accept it as currency - which is the definition of fiat. If we based money on oil or something then you’d have something… or at least whiskey or cigarettes.
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atestu liked this
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pegobry reblogged this from hipsterlibertarian and added:
Actually excellent...correct analysis.
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gspanwannabe reblogged this from hipsterlibertarian and added:
I’m trying to imagine...got for this: “OK, Bridget dear, remember what we said now, gold...
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oversprayed reblogged this from hipsterlibertarian
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come-downstairs liked this
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uniteordie reblogged this from hipsterlibertarian and added:
How can anyone be so stupid… ah it’s Canadian news, should have known...could leave it up...
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jennieisdelicious reblogged this from hipsterlibertarian and added:
i’d laugh but it’s scary.
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hipsterlibertarian posted this
