Comments by "Winston Smith" (@winstonsmith935) on "The Five slams Biden's inflation celebration" video.

  1. Fundamentally there’s no value to the currency — as it’s still fiat paper garbage with no real value and isn’t backed 100% by anything with actual value. For comparison the US could sell all it’s gold reserves and not be able to pay down even 5% of it’s national debt. It has no wealth fund, and it’s gold reserves are <5% of it’s GDP. When folks say the US dollar is backed by the government, it’s meaningless. The US government is essentially bankrupt because of Biden’s policies.
    2