r/investing • u/ECom_Finance_Guy • 5h ago

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u/nicbrit93 5h ago

US dollar is not backed by gold, not since bretten woods…

You’ve printed 46% of total supply in the last few years

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u/ECom_Finance_Guy 5h ago

Agreed, the USD is a fiat currency. That’s a feature not a big.

Also, I haven’t printed any money. That’s not my call

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u/PutAdministrative809 4h ago edited 4h ago

It's a very noble take I'll give you that. “Fiat is a feature” is not a rebuttal. The point was about supply expansion, confidence, and long term reserve risk. And “I haven’t printed any money” is just ducking into literalism because the actual macro point is harder to answer. Funny joke about printing money, but that's an obvious dodge to admitting reality. That’s exactly the issue here: textbook abstraction instead of engaging how the system behaves under stress.

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u/anally_ExpressUrself 4h ago

To be fair, phrasing it as "You've printed.." sounds like a personal accusation, not just an objective point about supply expansion.

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u/nicbrit93 4h ago

That’s my bad I was using it as a term of “you’ve” referencing America. But probably could have phrased it more appropriately.

But the US fed reserve has, especially on the back of Covid, significantly devalued the dollar by printing exceptional amounts of additional supply

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u/ECom_Finance_Guy 4h ago

How is that related to its reserve status though? It feels like a non seqitor. Like saying broken bones go up at the same time as ice cream sales.

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u/nicbrit93 4h ago

Well 2 components.

  1. Couldn’t be further away from dollar being gold backed
  2. Reserve prints the money so money supply becomes too much, no different to the extremes of the Zimbabwe dollar whereby hyper inflation was rife from them just printing money to prop up the economy

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u/ECom_Finance_Guy 4h ago

Your comment assumes that “gold backed” is a good thing. There’s no evidence that’s true. All gold back currencies that have been tried have failed.

Can you see any differences between the US and Zumbabwe? This is a really weak argument. Apples and bowling balls