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this post was submitted on 24 Jan 2024
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JFC. There is financial, and political, illiteracy, then there is this. It's like they worked on the illiteracy, made it something beyond that, and then honed it, super illiteracy, if you will. I mean, the government, in a very round about way, does secure loans on it's people. However that is because the people create economic value. That value, and it's historical stability, are some of the metrics used.
Maybe they heard about how corporations take out insurance on their employees, and have accounts that can pay-out on their death, smoked a bunch of meth and extrapolated this shit out of it?
More importantly, the scammers who came up with this shit figured out a way to promise their marks easy access to a secret stash of money, and all they have to do to claim it is buy a how-to guide for several hundred dollars in real cash.
The logic is great on this. "Give me your worthless dollars and I'll give you this secret currency that is actually valuable."
Why would anyone want USD when they claim it will be worthless soon? The exchange makes no sense for the seller if true. Same idea for the gold and silver grifters charging way over melt.