[–] goatmensch 0 points 1 point 1 point (+1|-0) 1.7 years ago (edited 1.7 years ago)
People used to be able to take notes to the bank and redeem them for gold.
[–] UsedToBeCujoQuarrel 0 points 0 points 0 points (+0|-0) 1.7 years ago
Now you can take money to stores and get gold.
[–] Ulfghar 0 points 0 points 0 points (+0|-0) 1.7 years ago
That's because the US monetary system is not backed by anything. It's a fiat monetary system that was created on the 1920s by president Wilson.
[–] goatmensch 0 points 1 point 1 point (+1|-0) ago (edited ago)
People used to be able to take notes to the bank and redeem them for gold.
[–] UsedToBeCujoQuarrel ago
Now you can take money to stores and get gold.