this post was submitted on 05 Oct 2024
363 points (95.3% liked)
Technology
59534 readers
3197 users here now
This is a most excellent place for technology news and articles.
Our Rules
- Follow the lemmy.world rules.
- Only tech related content.
- Be excellent to each another!
- Mod approved content bots can post up to 10 articles per day.
- Threads asking for personal tech support may be deleted.
- Politics threads may be removed.
- No memes allowed as posts, OK to post as comments.
- Only approved bots from the list below, to ask if your bot can be added please contact us.
- Check for duplicates before posting, duplicates may be removed
Approved Bots
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
As an American, makes me think of real dollars backed by silver and gold and then everything else that's been printed and printed and printed (and printed) since the 70's. Same manufacturer.
The gold standard is a myth anyway. You can't actually get that gold even if you do have an original dollar. The number of times it's been reprinted doesn't matter.
The US isn't backed by gold anymore the Euro was backed by the Dollar. Every currency is simply backed by that country's economy, that's why you get hyperinflation in countries with civil unrest or war.
Right, it was more of a metaphor between the Fed and Apple