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If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?

 
Anonymous Coward
User ID: 77666955
United States
03/13/2021 11:07 AM
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If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?
Doesn’t even make sense. It’s all completely ephemeral. No gold or silver Biblical money involved. All fiat, paper and Numbers on a screen. All debt is an illusion.
Anonymous Coward
User ID: 78636663
Germany
03/13/2021 11:10 AM
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Re: If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?
idk but putting an extra S in US is moronic considering who rules the US.
Anonymous Coward (OP)
User ID: 77666955
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03/13/2021 11:27 AM
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Re: If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?
United Socialist States bruh. Get with the effing program.
Moses Born Again

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03/13/2021 12:37 PM
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Re: If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?
violin:guitarbear:hitler1




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Last Edited by Moses Born Again on 03/13/2021 12:50 PM
Moses Born Again
Pinkorchid

User ID: 80075475
Australia
03/13/2021 12:42 PM

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Re: If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?
That figure is selectively plucked from banktards s226
Warning proceeding to read this may cause anxiety, poster is indemnified if you proceed.

I can't give you the ultimate truth ,it's all a matter of perspective and spin. So I empower you with the gift of discernment.
SEE THE TRUTH , KNOW THE TRUTH, FEEL
THE TRUTH
Anonymous Coward
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03/13/2021 12:47 PM
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Re: If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?
Fiat exists, its just not backed by anything real except labor.

Think of it as a token.. It used to be redeemable for gold/silver, now its not unless you buy trade your fiat for it at a dealer.

Fiat is a bad term to describe currencies. They could use anything as a token of fiat, its humans willingness to accept it or not that is the problem.
Anonymous Coward
User ID: 80109932
United States
03/13/2021 12:55 PM
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Re: If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?
Doesn’t even make sense. It’s all completely ephemeral. No gold or silver Biblical money involved. All fiat, paper and Numbers on a screen. All debt is an illusion.
 Quoting: Anonymous Coward 77666955


the US debt is $28+ quadrillion a few months ago.. A QUADRILLION.. do you know what that is.
Brit Perspective

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United Kingdom
03/13/2021 12:58 PM
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Re: If fiat doesn’t even exist how the hell does debt? Especially 28 trillion for the USS debt?
I saw a Fiat Supermirafiori once
The chariots of God are tens of thousands, and thousands of thousands.





GLP