Says the jack-ass who is on record stating "the U.S. currency is backed by debt
The US Dollar is not backed by any physical asset. That went away when the US abolished the Gold Standard. It is indeed backed by debt, as each dollar put into circulation is debt unto itself.
TK...it is backed by
faith. It is not, nor has it ever been, nor could it possibly ever be "backed by debt". That is stupid on a level that defies even the most absurd comments.
debt
det/
noun
- something, typically money, that is owed or due.
So how in the hell could you "back" currency with currency. Now compound that with the realization that your position is "not only am I backing currency with currency, but I'm backing it with currency I don't have, but rather owe". I mean, seriously man, that is a special kind of stupid that I thought could only come from asclepias. Please don't join that rank. Think. Just a
little.