Many people on twitter have this argument it goes like this?
"The federal reserve note known as the “petro dollar” is will become less valuable due to printing money.
However it does open up room for other currencies to take over, such as the treasury note.
BTW the national debt is in fed notes."
"For example, if the value of the federal reserve note tanks and it takes 22 trillion to buy one acre of land the US national debt is gone and since we no longer need foreign oil the petro dollar is obsolete. Win win'
"When we went off of the gold standard to a fiat currency(debt based system), we knew inflation would would eventually collapse the fiat system.
It is the natural progression of a system not based on sound money."
I keep hearing this argument from Trump Supporters.
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