Understand the implications of Bitcoin's downfall in El Salvador. Learn about the failed economic bet and its impact on the country's financial stability.
  • technocrit@lemmy.dbzer0.com
    1·
    4 hours ago

    I said gold and all the commodities are denominated in Dollars.

    This not really true and becoming less true every day, as most states realize that the petrol-dollar is not helping anybody.

    Dollars, you can give to the US Government for payment of taxes etc.

    What’s the etc here?

    There is a corrosponding liability at the Fed.

    There is no actual liability since the petrol-dollar is just paper that they regularly print to prop up their constantly collapsing pyramid scheme.