99 percent of Hurricane Matthew aid requested by NC denied by Trump administration

[King of Creampies]

This is the best news ever.

2016 White Folks - Go Trump!

2017 White Folks -

 

[MexicanKingpin]

These dirty cacs always looking for handouts

 

[iFightSeagullsForBread]

The dollar is a fiat currency they can just print more. The only thing backing America's money is it's military might.

Not really but ok.

 

[ManBearPig]

I don't know about $929 milli but they should get more than that

 

[yardman]

Not really but ok.

Fiat money is currency that a government has declared to be legal tender, but it is not backed by a physical commodity. The value of fiat money is derived from the relationship between supply and demand rather than the value of the material that the money is made of. Historically, most currencies were based on physical commodities such as gold or silver, but fiat money is based solely on the faith and credit of the economy.

Fiat is the Latin word for "it shall be."

Because fiat money is not linked to physical reserves, it risks becoming worthless due to hyperinflation. If people lose faith in a nation's paper currency, like the U.S. dollar bill, the money will no longer hold any value.

 

[iFightSeagullsForBread]

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