29% Americans still believe USD is backed by Gold

29% Americans still believe USD is backed by Gold

As per a recent study by Genesis Mining, a majority of American citizens do not know what backs the U.S. Dollar. The results from the study found that 29% believe that the dollar is backed by gold, while another 7% suggested it was backed by ’Nothing’. 4% responded oil, while 5% thought it was backed by bonds. 30% gave the right answer as the U.S. government.

Kathy
Kathy
Paul C
Paul C 3 months

Ok, anyone think these are the same Americans that are backing Joe Biden?! This is the definition of out of touch.

Kyle G
Kyle G 3 months

They probably think the Federal Reserve is run by the government as well.

6Million$Mansplainer
6Million$Mansplainer 3 months

I think this is more like Leno's, Jay walk. When he walks up to people and asks how many stripes are on the US flag. Most have no idea. It's a symptom of our modem social education. In my son's 8th grade history class the teacher mockingly asked the class, "who really wants to learn about a bunch of old dead white guys". Any wonder why people don't know the dollar isn't backed by gold.

Herbie Goes Bananas
Herbie Goes Bananas 3 months

As of September 29% of Americans identify as Democrats. Coincidence? 🤔 [tap for link] https///news.gallup.co//pol//1537//party-affiliation.aspx

Steven
Steven 3 months

Lol no the USD is backed by unmatched economic and military strength. USA USA USA! Lol

WWG1WGA
WWG1WGA 3 months

It should be because the federal reserve is a scam just like all evil central banking started by the absolute pure evil filth Rothschilds.

david dindu
david dindu 3 months

its backed by opec oil

Mitchell
Mitchell 3 months

"The U.S. dollar isn't even backed by anything so it has no inherent value" I hear people saying. Tell me one thing that has inherent value. You think we should trade crops and livestock? What if I don't want your cows? They have no value to me. Because value is something that humans assign to things! 🤗

Rhokanth
Rhokanth 3 months

So 29% probably don't give a damn and just answered incorrectly to a question. "Believe" makes it sound like 29% of the population is completely adamant that the dollar is backed by gold and are just dollar conspiracy theorists.

Barry
Barry 3 months

it's actually backed by Bitcoin

Matty
Matty 3 months

(((Gold)))

Dave
Dave 3 months

Well they barely talk about it in schools. In history we mentioned the Gold Standard now and then. But saying that most modern currencies are backed by the economy of a country is a difficult thing for most kids to get their heads around. Honestly a dollar is only has value so long as the person spending it and the person trading their goods for it, believe it does. It can get kind of metaphysical.

Ed
Ed 3 months

These comments are proof people need to get their heads out of their rear ends and educate themselves. Maybe at a minimum study modern monetary theory, and stop putting a partisan lens on everything.

Observer
Observer 3 months

The article says the correct answer is the us government which is 30% I am part of the 7% that say it is nothing

Paul Saxon
Paul Saxon 3 months

Do yourself a huge favor and listen to/read the book Patriots:survival in the coming collapse by J.W. Ralls. It outlines what a socioeconomic collapse would look like and with how it unfolds in the story you could see it happening tomorrow. It's sort if a how to prep/novel rolled into one.

Unity.Nat
Unity.Nat 3 months

I bet if you worked for the federal Reserve, you are paid well.

JayTheArchitect
JayTheArchitect 3 months

29% of Americans must be joking lol.

Propaganda Destroyer
Propaganda Destroyer 3 months

The fact of the matter is that most scientists and university educated people lean to the left. Most uneducated people lean right. Ergo, most of the people who can't even identify how their own currency is backed are right-wing. Yet, these same people think they know everything... arrogance and ignorance... the deadliest combination.

michael zubas
michael zubas 3 months

That's part of the problem. people still think "Our Taxdollars" don't fund spending. its actuslly ment to help keep Inflation from getting too crazy.

Scott Hallinan
Scott Hallinan 3 months

U.S. government my ass! It has no actual value because then the obscenely wealthy wouldn't be obscenely wealthy. It was all a plan to make the 1%ers a reality

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