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Skullgrid ,
@Skullgrid@lemmy.world avatar

It's fiat currency, the value of which is determined by faith in the market and stock prices.

You think your money has worth because it's backed by something real? No. It has worth because people think it does.

Edit: if everything about the USA stayed the same, but people stopped believing the USD was worth anything and started using Euros instead, the dolar would be worth nothing. It's all based off feels.

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