What is the US dollar backed by?

tHe fUlL fAiTh aNd cReDiT oF tHe UnItEd sTaTeS

What the fuck does this even mean

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Discussion

Culture of debt

Richest man in babylon

I ponder on this from time to time. It's too scary that I just stop thinking and buy a little bit more bitcoin at that precise moment.

When someone has full faith in the government

Find someone that believes in you like the United States believes in the dollar.

😂😂 close to impossible

Means they will kill you if you don't use it.

This is a good take as well

It means we’ll fuck you up if you’re bad on your contracts why is that so confusing

The irony is that it means exactly what it says, which is why it's a shitcoin.

If you give them a dollar, they'll give you a dollar 😂😂😂

We got the most nukes. That's what it means.

US Military might

It means you are working for government scrip.

It means that they're a mafia

No it is backed by…

Dead people in the Middle East?

Means, the US has an army of NPCs that will work their asses off for generations to pay for whatever is needed. The Dollar is backed by the sweet and tears of 300M people.

That they have full faith in the power of TLAMs and Carriers

Guns

it is solidly back by all 3 letter agencies and MIC far powerful than bitcoin.

What is the US dollar backed by?

It's backed by the promise that we, and our children and grandchildren and great grandchildren will be salves.

Plain and simple.

"No generation has a right to contract debts greater than can be paid off during the course of its own existence."

- Credited to either George Washington or Thomas Jefferson. Not clear which one said it, or if either really did but it's still a good hard hitting quote regardless.

It is backed by the full faith that there will always be a full ink cartridge