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Actually the USD is backed by trading volumes. The courts, police, and military have little leverage over forex markets. The Federal Reserve has been a fair st
by paulsutter 9y ago
Actually the USD is backed by trading volumes. The courts, police, and military have little leverage over forex markets.
The Federal Reserve has been a fair steward of the dollar, with only a 96% devaluation since 1913. The curious can check the official numbers here:
https://data.bls.gov/cgi-bin/cpicalc.pl https://data.bls.gov/cgi-bin/cpicalc.pl
- dustingetz 9y agothe military actually has quite a huge amount of influence over forex markets why do you think we invest in it? https://www.quora.com/Why-is-oil-priced-and-traded-in-U-S-dollars https://www.quora.com/Why-is-oil-priced-and-traded-in-U-S-do...
- deleted 9y ago[deleted]