Incorrect, fiat currency is backed by the products it can be used to purchase, which is why we call it the petrodollar, because it's the vector we use for trading oil, which is what in turn gives it value.Fiat currency will always return to its intrinsic value - which is Nothing.
The modern American Petro-Dollar, unbacked by Gold, backed by nothing, worth nothing... has only been sustained by a Threat of Force from the current military ruler of the world, the crumbling Banana Republic of Americanda. That time is coming to an end, China's time has arrived, the Globalists clearly want it. Use your worthless paper to purchase REAL appreciating physical assets, before the game comes crashing down because too many plebs realize that fact.Incorrect, fiat currency is backed by the products it can be used to purchase, which is why we call it the petrodollar, because it's the vector we use for trading oil, which is what in turn gives it value.
I mean, if it sustained money for a time, then the grift worked and it worked by the petrodollar system creating the big cloud of bullshit needed for America to in theory still be rich after the sole industrial nation after WWII stopped being the sole industrial nation. Nowadays though, that is coming to an end and anyone thinking we're going to be colonizing Mars or the late 80s Star Trek utopianism is coming by some made up singularity of technology is a fool. I understand why they are a fool, but they still are a fool.The modern American Petro-Dollar, unbacked by Gold, backed by nothing, worth nothing... has only been sustained by a Threat of Force from the current military ruler of the world, the crumbling Banana Republic of Americanda. That time is coming to an end. Use your worthless paper to purchase REAL appreciating physical assets, before the game comes crashing down because too many plebs realize that fact.
Incorrect, fiat currency is backed by the products it can be used to purchase, which is why we call it the petrodollar, because it's the vector we use for trading oil, which is what in turn gives it value.
20% of all US Dollars that exist were printed in 2020 
Rooting for ZimbabweSo inflation wise are we in for 1970s or are we in for Zimbabwe?
Well..... That is not good. GAME OVER MAN, GAME OVER.20% of all US Dollars that exist were printed in 2020
(and you have to be a nigger to not realize this will result in a catastrophy)
I mean, we even get a canary-in-the-coalmine to our north. 79.8% of all Canadian Dollars in their market today were printed in 2020 too. That is the beginning of a death-spiral if they try to keep this going, meanwhile they think the ability to print money means that Canada will always be able to pay its bills, it can never go broke, or default on its debt, no matter how deep into the red it goes.Well..... That is not good. GAME OVER MAN, GAME OVER.