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What is the dollar backed by?

Loans

To people

For houses and cars and businesses and government spending

New dollars created and backed by these obligations to pay

You and I are the reserve asset that underpins the system

The dollar is backed by you and me promising to work and pay

Literal slave money

The Slavery Standard

I thought it was backed by men with guns who are backed by the dollar which is backed by men with guns who are backed by the dollar which is..

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It’s secured by those things, but it’s backed by slaves

The assets on the bank’s balance sheet are all loans

When they settle up, they trade loans

Loans are slave titles

They trade slaves when they settle up