%% EXACTLY\ 50 states, full of state banks issue thier own bank notes\LOL. On a more serious tone\ thats one thing that caused the gret depression of 1929 + 30's. And lack of FDIC insurance + too much borroWing on stock margin. I think Mr Mayor Rothchild, said ''give me a central bank + a kindergarten + i will rule the world.'' NEVER give the kindergarten to the Fed or feds/LOL Back to my Roth account.
With all due respect, but you Americans never think outside of your continent box. Do you know what the USD actually DOES - it helps you not only to wipe your ass with it, but to feed your children, go care for your elderly, to invest for your own future, etc................... Because it is actually backed by the full faith and power of your military! USD is not backed by gold, by oil or by anything else, it is backed by your aircraft carriers and by the "we're all living in America" cultural propaganda. Look at the world, almost everywhere else it's shittier than in the USA and their currencies and central banks are shittier, so if you expect apocalypse to come to you, it would first come elsewhere, you are going to be the last to experience it.
...Nor inside either, to a large extent. Hi...what's your name... You'd make a good 'diversity' hire... - pick a position and you're in, welcome aboard. - https://www.xtxmarkets.com/career/quantitative-researcher/ President Grover Washington ... Starting to make sense now?
Read a book on the economic history of the US before posting non-historical facts and opinions that you learned from a liberal economics professor.
Who cares if murray t turtle's facts are "non-historical facts" ? Shouldn't facts alone be good enough for you?