(06-05-2023, 01:29 AM)WingerDinger Wrote:

(06-04-2023, 11:20 PM)Lucky2Last Wrote: Not invisible. Imaginary. Obviously the average Joe is fully handcuffed to the traditional mode of currency exchange, but I don't believe the elites are bound by it.

Well of course it's imaginary, but if it's imaginary, it's also invisible..

There's also a big push by the elites right now for fiat currency. Feels like the more that some of these bigger investors push for more digital currency, the elites just purchase more precious metals. Even they understand that fiat currency is less volatile, but those elites will always push what they want you to purchase. But just because they push it, doesn't exactly mean that they're not lining their pockets some how.

The dollar has been fiat currency since we left the gold standard in the 70’s. The difference between it and crypto is it’s backed by “guns…lots of guns” and the power of the U.S. economy, but it’s still fiat because we agree on its value not because it has an intrinsic value being backed by anything of substance or actual value.

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