Replying to Avatar Sovereign Matt

I’m sorry to be the sooner but how does a the US back it’s currency by btc and gold. They are in $33 trillion of national debt?

A fiat currency backed by nothing except debt and trust can not just be fully reserved by btc and gold overnight.

I don’t by this headline sorry. But I respect RFK for raising awareness on the Monterey issues and vaccine issues.
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100satsaday 2y ago

Backed by just means redeemable. No they can’t simply back current currency without holding significant amount of the reserve first.

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