Quote:
Originally Posted by Iowanian
I mean...this seems like Bernie Madoff shit....smoke and mirrors....purchasing make beli ve money that is supported by nothing I can see. It's not backed by gold...or the US dollar for example.
I guess I haven't studied it because it seeems like a suckers racket to me. I'd like it explained in plain English.
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US currency isn't really backed by gold anymore, either.
It's a confidence based system.
Been that way for awhile now.