# Bloomberg have been chirping about $78K exchange rate for #Bitcoin today and this

#Gresham'sLaw is nonsense: the #US dollar **is** backed by gold, black gold, oil and that is why it is the reserve currency.

Nobody wants to hold a weak currency.

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Hi, I am among the unfortunate victims of the FTX scam, a situation that has resulted in the loss of my entire savings, totaling around $20,000.

The distressing aspect of this ordeal is not just the financial loss but the subsequent actions taken by SBF and Sullivan & Cromwell, the involved debtors. Following the success of their global heist, it appears that, rather than working towards justice for the affected customers, they are prioritizing their own interests, demonstrating a complete disregard for the well-being of those who have suffered.

To witness such blatant exploitation of innocent people for personal gain is not only disheartening but also raises concerns about the moral and ethical compass of those involved. Their actions can only be described as mentally and spiritually sick, going beyond mere financial misconduct.

The significance of this situation cannot be overstated for me, as the funds lost were an integral part of my financial stability. I am reaching out to you with the hope that you might consider extending a helping hand during this challenging time. Any assistance however small that you could provide to navigate through the complexities of this situation would be immensely appreciated.

I believe in the power of collective compassion and the willingness of individuals to make a difference in the lives of those facing adversity. I understand that you may have your own commitments and limitations, but even the smallest gesture can have a meaningful impact.

Thank you for taking the time to read my plea, and I sincerely hope that you may find it in your heart to offer assistance during this trying period. Your kindness will not be forgotten, and I am immensely grateful for any support you can provide.

Please save me.

Lightning Address : appealforassistanceftxscamvictim@geyser.fund

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You're right. Nobody wants to hold a weak currency. But you're wrong about oil. The dollar is not backed by oil.

# #petrodollar ?

Trading oil for dollars is not the same as being 'backed' by dollars.

Backed by oil I mean. It's not the same as being backed by oil.

# Try trading Yen for oil. US dollars buy oil. So i can turn in my IOU dollars for a barrel of oil, a commodity. How is that materially different to a gold standard?

Saudi Arabia now accepts yuan for oil

Yen?

The US Dollar is unbacked fiat. It is not backed by anything.

# I beg to differ l