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RE: Do Currencies Need to be "Backed" by Something? The Difference between Currencies and Commodities

in #currency7 years ago

I believe it. I spent a month in Ethiopia several years ago. Very eye opening experience. My dad works for a charity that helps teach people in extreme poverty (<$1 a day) how to be self sustainable so he gets to see first hand what extreme poverty does to society... But there are a lot of good stories too when people get some hope and realize they don't have to wait for the government or the Americans to come and save them.