I see USD is backed just by Govt. guarantee

The US Government has nothing to do with the USD dollar. People seem to think there is some guarantee. The USD is not "government money" since the supply is controlled by the US commercial banks. In a credit base monetary system, the money supply expands via loans.

There is one guarantee in place: that each dollar a US bank creates can be redeemed for one physical dollar. The value of that is not guaranteed whatsoever.

This is a prime example of not truly understanding the system and the different variables in it all.

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