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REPORT COPYRIGHT VIOLATION IN REPLY
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Message Subject
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If you have been invested in just the NASDAQ for the last three years, you have made 101%
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Anonymous Coward |
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Post Content
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Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.
Quoting: Anonymous Coward 81585779 You learned a new word and you just gotta use it... Our money is based on credit that is backed by quadrillions in assets... let me get you, you're saying that USA's money is based on this credit of 270 trillion dollars?! The financial position of the United States includes assets of at least $269.6 trillion (1576% of GDP) and debts of $145.8 trillion (852% of GDP) to produce a net worth of at least $123.8 trillion (723% of GDP) as of Q1 2014. Total U.S. assets amount to about $225 trillion. The Z.1 report does not disclose tangible holdings (such as real estate) owned by the financial sector, state and local governments, federal government and foreigners. In fact, foreign ownership of U. S. assets has exploded.
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