You are viewing a single comment's thread from:

RE: Vlog 194: Where does the money come from? Crypto currencies vs. Fiat currencies.

in #life7 years ago

Great post and explanation. Debt that is created can never be paid back, for example the debt that US government have. The fiat currencies are based only on trust. Since former US President Richard Nixon removed the "gold standard", US Dollar does not have any value, specially after all this printed money.

Sort:  

Yes @bloomberg215, You do get "IT"........Constant Debt to pay back the Debt that can NEVER be Paid Back......