Taken from Superstonk Reddit. Everything is a lie. Nothing is real.
(media.greatawakening.win)
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I remember asking my dad about this when I was like 16. Could the numbers in our accounts just be figures or are we really investing in the company. He said there’s no ways that’s possible, because if it were we would have major problems..
My dad and I had that exact same discussion. I would ask him all kinds if questions like that. What is a dollar bill? Like, what does 1 dollar equal? Where does that value come from? His answer to the latter was always, "faith in the system." That never sat well with me, so I always had the feeling everything was a facade.
Actually surprising that south park kinda had an episode about that.
Everything is a facade. Even gold only has value because people think it does. (Gold really isn't that useful as a metal.)
That said, governments / kings HAVE created money out of thin air and spent it. That's how we funded the Revolutionary and Civil Wars. We don't need the Federal Reserve. We probably don't even need taxes anymore.
The American people are so ridiculously productive, economically speaking, that we could touch a rock and call it money and the rest of the world would fall over themselves to get those rocks. There is nothing like having Americans work in your company.
(Gold really isn't that useful as a metal.)
I beg to differ, it's very useful industrially speaking.
I mean, as an electrical connector it's pretty good. But other metals tend to be better in specific cases.