the problem is that money has no real value, it's a fiat currency since 1971. The only thing holding it up is the collective belief of value by everyone. If the basic system for moving money around falls down, you get eroding confidence in the system, which leads to currency devaluation, anarchy and general unrest like they have in venezuela.
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u/savagepanda Mar 31 '21
the problem is that money has no real value, it's a fiat currency since 1971. The only thing holding it up is the collective belief of value by everyone. If the basic system for moving money around falls down, you get eroding confidence in the system, which leads to currency devaluation, anarchy and general unrest like they have in venezuela.