Annnnd, in other news: Water is wet. Video at the 11 o'clock broadcast!

What did everyone think would happen other than "that" as the US made the move to pure debt-fiat. That's payable on the backing debt instruments that back it... in just more of itself?

And, like the HUGE economic fallacy "WWII Ended the Great Depression!" WWII fucked everyone in that it has in broad strokes, kinda-sorta worked for America. Because we have (for now) the GINORMOUS post-WWII worldwide footprint that curbs the inflation.

And, it's also why a BUNCH of countries hate the US, because when the Fed Reserve prints a bunch more dollars, or Congress spends an extra 3 trillion a year it didn't get as taxes, that buy real goods & services, essentially the same as "printing" those dollars... that doesn't just essentially ninja-tax Americans with inflation to buy whatever the hell the US government wants, but everyone on Earth that has a dollar in their pocket.

So, no, it's not just because of "Ur Freedums!" Or that girls wear tempting devilish pants & go to school...

Granted, there's significant: "We can't think of better ways to do this." Involved too.

There's not enough gold & silver in the world, underground or above, for representing a fraction of the American Economy, much less the world. And, unlike most of history where: "Gold was just... gold." Where it was sort of fiat itself, because besides coins, jewelry, or a king's crown, you couldn't eat it, and it was too soft for tools.

And, gold, silver, sea-shells, or beads, any commodity based money has big potential problems. Like, "you're not eating today" collapses and inflation/deflation too.

And now? Not so much. The smartphone you're reading this on is partly why.

"Fiat" isn't necessarily bad. It's flawed issuance.

Something "Bitcoinish" but better, without the flaws, that's neutral, nobody controls it, impartial, and zero-trust might be the way to go.

Good luck establishing that though...