this post was submitted on 10 Aug 2023
386 points (98.2% liked)
Asklemmy
43821 readers
897 users here now
A loosely moderated place to ask open-ended questions
Search asklemmy π
If your post meets the following criteria, it's welcome here!
- Open-ended question
- Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
- Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
- Not ad nauseam inducing: please make sure it is a question that would be new to most members
- An actual topic of discussion
Looking for support?
Looking for a community?
- Lemmyverse: community search
- sub.rehab: maps old subreddits to fediverse options, marks official as such
- !lemmy411@lemmy.ca: a community for finding communities
~Icon~ ~by~ ~@Double_A@discuss.tchncs.de~
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Itβs backed by the government. Yes, if the government falls apart the dollar will be worthless, but if the government falls apart a lot more will happen than just the currency dying.
That's my reasoning behind trusting banks with my money. If shit goes down to the point I can't get my money out of a bank then it won't have much value for long anyways and I have bigger issues.
Nowadays, yes. Back in the day a run on the bank could screw everyone.