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REPORT COPYRIGHT VIOLATION IN REPLY
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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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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. No, I did not say that at all. Please go back an reread and try to comprehend. You must add all assets together to achieve the quadrillion...No single asset is worth that much, collectively the are. Understand?
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