Just noticed that bread's name is in present tense.
All true. So you can imagine why it was such an embarrassment to the Soviets that they and their descendants are STILL sending out disinfo agent to argue that it was a hoax.
https://www.cbsnews.com/amp/news/new-horizons-ultima-thule-images-sharper-focus-revealing-snowman-like-structure/
In all fairness, the bandwidth to send back images is 500 bits per second. Higher rez images will take a while.
>Tie that currency to a real asset, ANY asset and the fraud will be removed from the monetary system.
What asset is there enough of?
I think fractional reserve banking is like the Social Security system: It was a bad idea; but now that we've had it for generations, society has adapted to it and getting rid of it is effectively impossible.
Mil planes are allowed to turn their transponders off when they want to.
You didn't answer my question. The problems with the bimetallic system demonstrated that money cannot be backed by multiple commodities. When their relative value changes it screws everything up. So to back money with hard assets you need to pick One hard asset to use. Gold is the obvious one. But there is not nearly enough of it.