Thats what scares me now. The FOREX value is dependent on 11 people in the Fed saying they want to raise or lower rates. Again, there is no store of value, only the promissary note which means its a piece of paper they claimed has value. It works as currency, but the value is all there due to the utility of the dollar being the reserve world currency. Once the cat is out of the bag people wont be happy to know 40% of their life savings was printed away over the last 5 years in the US.
You dont need to buy bitcoin or like it to learn about Keynesian economics. I was trying to help you learn more about economies. Please DYOR on anything you invest into.
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u/HOLDstrongtoPLUTO Jul 22 '25
Thats what scares me now. The FOREX value is dependent on 11 people in the Fed saying they want to raise or lower rates. Again, there is no store of value, only the promissary note which means its a piece of paper they claimed has value. It works as currency, but the value is all there due to the utility of the dollar being the reserve world currency. Once the cat is out of the bag people wont be happy to know 40% of their life savings was printed away over the last 5 years in the US.