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Topic: Usa will find new dollar backer - page 2. (Read 281 times)

hero member
Activity: 2002
Merit: 534
January 02, 2021, 05:19:29 PM
#3
Usa will find new dollar backer

If not whole usa dollar will crash down but bidden will do it
Good backer better then gold or oil

With this new backer usa dollar will go strong


I don't fully understand. Do you mean that the USD is going to be pegged again to another commodities? Like it was with Gold in the 50s? I am not sure if USA is really looking for such a trade for a future. Most of the countries let their currencies trade freely and don't actively trade on the market. The risk to become a target of hedge funds is just too high.
legendary
Activity: 2044
Merit: 1115
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January 02, 2021, 04:44:26 PM
#2
The dollar is backed by the full faith and credit of the US government. It's always worked because the US has never defaulted on its debt. It'll work until the US defaults on its debt or until people believe that the US can not service the debt. At the rate that it's growing the debt, that may be sooner than later.
jr. member
Activity: 182
Merit: 3
January 02, 2021, 04:39:57 PM
#1
Usa will find new dollar backer

If not whole usa dollar will crash down but bidden will do it
Good backer better then gold or oil

With this new backer usa dollar will go strong
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