MBitcoiner on Nostr: Many people claim that fiat is backed by "nothing". While this has some truth, if you ...
Many people claim that fiat is backed by "nothing".
While this has some truth, if you look at what actually backs the dollar (and all other fiat currencies), it's just a series of interconnected interest bearing liabilities.
Fiat money is ultimately backed by Riba.
Published at
2024-08-08 01:41:14Event JSON
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