3 ms·
The entire financial system in the U.S. is a manufactured product, if you really think about it. The USD has intrinsic value even if Americans don't lift a fing
by UltraViolence 5y ago
The entire financial system in the U.S. is a manufactured product, if you really think about it. The USD has intrinsic value even if Americans don't lift a finger since you need US$ to purchase most goods on the commodities market.
If this link is broken, the U.S. would almost immediately fall into decline. The net spending power of most Americans would drop by a third to one half of what it is today, leading to social unrest. The U.S. government wouldn't be able to fund many of its programs, such as Medicare and the DoD would need to drastically cut its budget.