This is a meaningless phrase, much like “died for our sins”. Endless reptitions don’t make it into a meaningful logical statement. The only inherent value of

This is a meaningless phrase, much like “died for our sins”. Endless reptitions don’t make it into a meaningful logical statement. The only inherent value of the USD is that you can pay US taxes in it. The “full faith and credit” bit meant something when you had to trust the USG to redeem it for physical gold or silver, but as you know that hasn’t been the case for a long time. Now it’s about the same situation as the Tether fraud. Bitfinex doesnt need a carrier strike group for me to be able to trade USDT for cheeseburgers or gold coins. People talking about the rule of law in the USA this week are especially comical. The graft and corruption are on full display for the entire world stage. They’re not even pretending any longer. It is now demonstrably clear that the value of the USD is not dependent on the rule of law in the US.