printing money that is backed by nothing
True, since the ‘full faith and credit of the United States of America’ has lost its meaning.
I don’t have faith with the looters in DC.
And I’ve cut their credit since I won’t be purchasing any more Treasuries. (That is until the rates reach double digits on 30 years.)
Send me all your worthless paper money. Out of the kindness of my heart I will take it out of your hands.
Of course, the dollar is “backed” by the US economy and its products for which it is legal tender.