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Comments by "" (@Juliansmith93) on "wocomoDOCS" channel.
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You cannot print a currency endlessly on top of nothing in reserve. That is it.
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@ I mean ever since Nixon took us off the gold standard the monetary train left the station toward crazy town.
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@ technically yes because they are 😭.
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@ Burr burr
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@ Shhh that’s the bad word remember lol 😂.
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@marcdc6809 Mhm, many empires have fallen in this exact way.
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@ That’s implied.
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@ Yes when you’re the worlds reserve currency in a system without a reserve or systems in place that prevent you from printing more. A sound monetary system* should have one or the other we have neither by design sadly.
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@Tom_Bee_ So what kind of solution do you envision?
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@ Exactly 😭😵💫
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@theblogfather Agreed, there will only ever be 21 million.
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@ right, my statement was a bit tongue in cheek like you can’t print endlessly with nothing in reserve and expect to a sound monetary system…😅
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