• did you know the US dollar as of 1971 is
no longer backed by gold or silver
STOP. STOP ILL
GET THE MONEY
the dollar is backed instead by "full faith
and credit" which is basically the
government saying "we good for it
hey man, pretty fucking scary right?
all your hard work is only backed by
an IOU and a promise of worth
    • EmailPinterestRedditTumblr Report
    • Copy link
    • Pinterest
  • 1740 comments

    • I'd much rather go back to a good backed dollar than a cashless society
      Kewl 12 jul
      1.8K Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • I mean...but why on earth was gold even valuable to begin with? Because we said it was? It’s hardly used for shit. Basically the same thing
      1.5K Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • 1.2K Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Currency of ANY sort, even gold and silver, has no intrinsic value beyond what others agree it has. Nothing fundamentally changed.
      844 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Money is fake. The only reason it exists is because our tiny monkey brains said “oo oo ah ah this shiny, me like. Me want all of it” and then we couldn’t find anymore gold so we had to go to silver, and then we had to find some way to make shit that’s worth even less than both of them because we’re
      663 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Go green with energy by nuclear power and supplement with hydro wind or solar; use fossil fuels and precious metals to back the dollar; US dollar overtakes the other currencies as number 1.
      456 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • I mean this is true to an extent. But as long as people have faith in the US dollar...which is really likely considering we are the #1 world power...this really won’t be an issue.
      403 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Gold will loose its value once we start mining asteroids, which is becoming more and more likely. If we kept the gold standard our economy would collapse because all our money would loose value
      304 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Money is arbitrary, but making it so is making it as liquid as possible. Which is really good from an economic standpoint. Keeping it tied to gold is no longer an option bc of the sheer size of the global markets. Some countries used to use what’s called direct intervention which is the buying (1/2)
      197 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Ok can the “money has no inherent value” people stfu? A Gucci belt has no value on a desert island, and clean drinking water has very little value in NYC. Value depends on context.
      87 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • People who criticize the concept of fiat currency are too dumb to understand it
      52 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Gold standard and silver standards were bad though, inconsistent and added to the causes of the great depression
      39 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • People that want the gold standard back are a level of retard that is hard to fully appreciate and comprehend
      27 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Nowadays gold is actually extremely valuable as a conductor so the gold backing would make sense, seeing as nearly every electronic has gold.
      19 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • As if gold or silver has some inherent value. Gold only has value because we say it does, the same goes for the dollar.
      18 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Money is fake time to go be animal
      14 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • It's a reliable iou because it works so long as the us government doesn't fall
      11 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • The dollar is backed by our massive fucking military telling the world “we good for it, but what you gonna do if we ain’t”
      8 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Gold is backed by absolutely nothing lol!
      9 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Isn’t our money unofficially backed up by oil and that’s why we keep going to war for it. Called the petrodollar. I believe trump wants to move away from that and go back to the gold standard because our current model loves inflation
      8 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • mang
      8 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Gold was never really inherently worth what we valued it at. Before electronics there weren't many practical uses for it. It was just a relatively rare material we all agreed we would value it so it had value. Gold is still far over valued because people still think of it as money
      8 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Its now a representation of labor
      8 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • There is not enough gold on this planet to back the budget of large countries GDP not even close
      7 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Kennedy was qilled trying to return to the Gold Standard. Johnsons first act was File 13ing that order
      7 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Woodrow wilson is fucking hack. Remember your government textbook talking about the father of "progressivism" who ordered Americans turn in their gold to be held by the state, and then formed the IRS at the request and vote of nobody in america after it had run through 3 wars and 150 years no tax
      6 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Except all currency has abstract value even gold. The only difference is that gold has always been seen as valuable since literally the beginning of time.
      6 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • William Jennings Bryan is out here in the comment section wondering why we don’t back US money with silver
      5 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • People who want a gold-backed dollar are a prime example of people who didnt study Economics outside of dodgy internet websites🤩🤩
      6 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • People do realize you can put all your money in bullion if you're that scared right?
      6 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Money exists as a stock nowadays. Its valuable because it is universally accepted as a method of exchange. But countries usually keep gold reserves because gold will always remain valuable. However, they dont use gold because prices jump too much.
      5 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Its backed by oil. It stopped being backed by gold for a number for reasons
      4 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Fiat currency for the win baby, reject gold standard embrace modernity
      8 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Hmm, I wonder.
      3 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • I buy silver and gold
      3 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Gold is worth only what the market values it at. Fiscal economies make more sense as it treats money as it really is. The medium for which goods and services can be exchanged, without putting an arbitrary ceiling on economies with a backed by gold or silver system, in which case an economy can only
      3 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • The last guy that wanted to being back the gold standard was shot in the head. If that doesn't tell you how corrupt the system is nothing will
      6 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • If you are irked or a little frustrated by this, or anything in particular, I refer you to Fight Fire with Fire by Metallica. It will be all of the angry for you so you don't have to be it yourself.
      2 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • There was a foreign man about to significantly dent the us treasury which is why nixon stopped the gold standard
      2 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Yes the object itself isn’t worth shit it’s valuable because society agrees you can exchange it for goods and services, gold just used to be one of them. Having true fiat money means the fed can control the money supply to stabilize the economy, instead of being at the whim of international
      2 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Person with an Econ masters here. let me teach you all a thing. The shiny rock has value because people are willing to trade for it, dollars have value because people with guns make you give it to them on tax day. Only one of these things has value backed by threat of force, the other is just shiny
      2 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • I’m not economics expert, but I believe the reason we went off the gold standard was because the value of gold fluctuates so much that it makes the value of currency change too much. By going off of it, they could keep the value more stable.
      3 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Yeah, things have value but only what we put on it. We could all barter but money is meant to be universal so you don’t need the exact thing someone else wants to trade with them
      3 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • I love lazy rivers
      2 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • 1 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • 1 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Money is only worth as much as the value you give it. It's a symbol of a trade of goods or services. Today it consumes us and our entire being. Our fight for survival is working ourselves into the ground for a big corporate company and suffering so we dont have to suffer financially when old.
      1 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Okay so in reality the value of money is and always has been in reality backed up by the amount of goods produced by a country. For a while this was okay because economies grew very slowly but then they started growing quickly. This meant a disconnect was formed and it began to cause many problems.
      2 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Trump's trying to bring gold back after Nixon fucked us on that detail and Obama emptied the gold reserves for the Iran deal
      2 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Well if you can drum up the gold necessary to back the entire US economic system then problem solved. Plus it's not like gold has much more inherent value than paper money.
      1 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Y'all are stupid. The value of silver is just as imaginary as the value of paper. Ooga booga I'll trade you shiney rock. The difference is silver's value is way less stable than the American dollar. Economies have been ruined because of mineral-backed currency losing its value unpredictably.
      1 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Well let's not act like the gold standard had its share of problems
      1 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • I've said this before and I'll say it again politicians would be alot nicer to us if their life depended on it
      1 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Money is the dumbest concept ever created. And now days it's even worse. Since everyone just uses credit cards it's not even paper bills that much anymore, just numbers on a screen for your bank account which could easily be changed. We should have stuck with trading goods and services, at least 1/2
      2 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • I love it when highscool edgelords take a swing at the tax system, always brings fantastic takes lmao
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Hey if my money can still buy my groceries, pay my rent, and buy me a car, I don’t care what the fuck it’s backed by or lack thereof
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • 1 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Actually the us dollar is partially backed by oil now because of Bush.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • For those that don't understand, Gold silver and other precious metals that are finite on Earth hold a near constant value with very gradual inflation. This making it a perfect trading item
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Humans are becoming too self aware and connected and the 1% is getting scared
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Anyone who backs the gold standard doesn’t understand what currency is
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Man I wish we could just go cashless
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Um Fort Knox? Filled with gold and silver? For our dollars to be backed with?
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Oh you’ll be floating in that river.... dead
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Fiat money is a tool of the Jewish puppetmasters. Usurers and bankers are scum and should be publicly hanged.
      6 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Doesn't trump pretty much own the federal reserve and own a large percentage of gold currency
      gsko 12 jul
      11 Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Honestly it’s weird. The banks charge us for taking money out even though if we all did it we would collapse the economy
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Delicious ignorance
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • All the gold and all the silver in the world is still worth less than the US economy.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Pay to live
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Bitcoin fixes this.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Why the fuck can’t we just abolish the IRS.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • It’s an agreed upon currency
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Technically this isn't true. Modern monetary systems are backed by the value labor and real resources so as long as we have both we can even print to match. Issue comes when you exceed that then it's hello inflation
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • If you think about it, unless it’s food or water, it holds no value
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Lol nice water mark you use ifunny??? Loser.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • I want to see a gold back digital dollar
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • So interestingly enough, the next agenda is completely getting rid of paper money and moving everything to digitized. Thoughts?
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Money is only important if everyone believes it's important
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Did you learn this in public schools?
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Actually the USD is backed by the petrodollar system, effectively meaning the US dollar is backed by Oil
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Your tax rates used to be how much gold you have, they inflated the paper iou's then tax you on then inflated money you have not the gold you actually own, they straight stole your gold boy
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Yeah ....good times
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Bitcoin is the future
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Money sucks. Let’s start an ark tribe and live off the land.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Taxation is the primary way money receives value.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • We have a labor based system. My job is worth x amount in labor
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Lol everyone is already an expert it seems
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • We should just have money be backed by something useless so it doesn't matter if the price of that material rises. Naturally formed diamonds maybe.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • The use is backed up by petroleum and the USA does not have enough of it which is why it invades 3rd word countries and tells everyone it's keeping the "peace"
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • The Federal Reserve is private company that sells currency to the government. That's why our bills now say Federal Reserve Note.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • It’s called fiat money and it’s worth something for its own sake as it’s not backed by anything else
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • The gold standard fueled the Great Depression and also makes the US dollar unable to compete with other currencies like the Renminbi.
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • B00g
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • Wrong. Petrodollar
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show
    • That isnt true. It's not just the government saying it's worth the entire country and even other countries admit it's worth
      Copy FacebookPinterestTwitterEmail {{ shortRepliesCount }}
      Show

iFunny plug-in will teach your phone to smile

get on the iFunny app to roast them

All content related issues will be solved right here.
After all necessary information is provided, of course:

Complete the form below to notify iFunny of a claim relating to your intellectual property rights and content or some technical inconvenience with the service.
(Positive and productive feedback is appreciated as well).

Your details

Your relationships to the rights holder

Type of claim

Select
Copyright Trademark Nazi-related Offensive Technical difficulties Other
Describe the issue in detail. Please be specific.
Feeling poetic today? Feel free to provide more information
By clicking on "Submit" below, you are certifying the following statements:
  • I state that I have a good faith belief that use of the work(s) in the manner complained of is not authorized by the copyright owner, its agent, or the law.
  • I state that the information in this notification is accurate and, under penalty of perjury, that I am the owner of the exclusive right that is allegedly infringed, or an authorized agent for the owner.
  • I give my permission to pass my contact information to the alleged infringing party.

Privacy notice

For a list of the categories of personal information that we collect from you and how we use that information, please review iFunny’s privacy policy