Yes but that's equivalent to some legally binding contract collateralized by physical force that stabilizes the position of an extremely productive socioeconomi

Yes but that's equivalent to some legally binding contract collateralized by physical force that stabilizes the position of an extremely productive socioeconomic institution that manages world power. Which is to say, there's no such thing as intrinsic value. There are scarcity-inducing constraints, including constraints pertaining to market access through intersubjective laws. We mistake the "intrinsicness" of the US dollar to its ubiquity, like fish in water.