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> US dollar is backed by the US military. No, it's not. It's not possible to come to the US soldiers with a bunch of US dollars and some demands and get what's
by zx8080 9mo ago
> US dollar is backed by the US military.
No, it's not. It's not possible to come to the US soldiers with a bunch of US dollars and some demands and get what's demanded in return for the dollars.
Only trust of the other market participants backs the US dollar.
- direwolf20 9mo agoIt's the other way around. If you don't trade in dollars, the military comes and demands that you do.
- RealityVoid 9mo agoIs the peso backed by the Mexican government? Because I'm afraid of all these militaries coming and knocking down my door to use their money.