[CodeToad]

“Bonds paying nearly $100 billion a year in interest. Not too shabby compared to your original claim. “

My original claim sands. FRNs are backed by nothing but more FRNs. They are backed by nothing.

[Toddsterpatriot]

Bonds paying nearly $100 billion a year in interest. Not too shabby compared to your original claim.

My original claim sands. FRNs are backed by nothing but more FRNs. They are backed by nothing.

Yes. As long as you ignore more than $4 trillion in bonds and the $100 billion in annual interest they earn, FRNs are backed by nothing. Don't forget to ignore the over $300 billion in gold as well.