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Message Subject If you have been invested in just the NASDAQ for the last three years, you have made 101%
Poster Handle Anonymous Coward
Post Content
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


Fiat money is a currency that is backed by nothing except the faith and credit of the government issuing it. Basically every usable currency around the world today is a fiat currency. The U.S. dollar has been fiat since 1971. Doing business with fiat money is just a fact of life.
 Quoting: Anonymous Coward 81585779


hesright

But Brief is too much of a fucking idiot to even consider this. Man, the nerve of that asshole to pretend like he's some financial guru and he's basically SCAMMING people with WORTHlESS "assets". FUCK OFF DUDE, YOU'RE A SHIT STAIN!
 Quoting: Anonymous Coward 79839794


We bought Alaska, why can't we sell it too? What would we sell it for? What is it worth?
 Quoting: BRIEF


That happened before the USD became a fiat currency. In fact, that happened before the USD existed! Before 1913 there was no "singular currency" each bank issued its own notes BACKED BY GOLD! History and apparently finance are NOT your strong suits it seems...
 
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