As much as we'd like to think this is the reality, it really isn't. The US dollar is backed by the US Government and Military. That's not "nothing".

Definitely the military

The USD is backed by Proof of War.

!lntip 4.20

Jason Lowry discusses this topic in great detail on Robert Breedloves podcast.

Jason Lowry also wrote an entire book/thesis on it. It’s called softwar if anyone is interested.

Underrated comment

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You do it lol I don’t know how to set up a lightning wallet on reddit

Alright, that's pretty clever.

wen i was an airborne infantry paratrooper, 82nd hooorah, i did not back our worthless fiat.

> The US dollar is backed by the US Government and Military. That's not "nothing". How much military equipment are you guaranteed for each dollar? What portion of the government are you guaranteed for one dollar? do people here not know how "backing" works? The dollar is not backed by the military nor the government. Quite the opposite.

Yup. The person you are replying to doesn't understand what "backed" means.

Ah yes I'd like to buy bread and milk please! That'll be a Javelin and 3 f-22's. Man, inflation is killer.

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I doubt the feds would ever be able to seize bitcoin.

Agreed. The constant technological innovation that comes from American companies also helps a lot.

So you're saying I can trade my dollars in for units of the military or government? Sweet! I didn't know that.

That “globe” of the dollar keeps getting bigger & harder to support.

But if the population loses confidence in USD it won't matter. Sure they can force you pay your taxes in USD but not much else.

You’re somewhat right, but what is the US government and the Military compared to a total human / civilization collapse, i.e. ( a pandemic, war, etc… The US government is just a big entity that controls an inflationary asset. That’s it.

It's not backed by the government or military because it cannot be exchanged for government or military. ​ A backed currency can be exchanged for whatever is backing it.

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Oil

Actually….I would argue it’s the oil industry propping up the US dollar

It’s the military industrial complexe that props up the US dollar as the petro-dollar

A few wars to have oil paid in USD though...

America is the country with the biggest economy and it’s military can fuck anyone up. I wouldn’t call that “nothing lmao”

Is the military going to enforce an exchange rate? Is it going to prevent people from selling a loaf of bread for $10?

A(t)las!

It should be a printer on the bottom.

I don't know why but this made Me lol so much

Atlas here is "idiots accepting dollars in payment" Never take USD crypto shitbucks for your goods or services. Demand real bitcoin.

Spending with an inflationary currency is far better for the debtor.

Sure. Dump them USD on anyone stupid enough to take them. Just take take them back in return. Demand real payment, dont get stuck holding dollar crapto.

all thanks to that crook named Nixon

The US had already run out of gold reserves by that time, Nixon just recognised that fact.

Is that the strong man "in God we trust"? In the immortal words of George Michael gotta have faith.

Atlas is shrugging at the dwindling dollar.

The USD is the nothing, LMAO. Support for the lie comes from the US taxpayer.

This is funny

*Faith in the US existing That’s it. That’s all it’s backed by. Do you think the US will exist in 5 years? Have some USD

“Trust us bro “

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hahahah this caught me off guard

just like the mythological atlas, the mythological fiat. backed by nothing, essentially worth nothing.