Disliked{quote} The US dollar is backed by the US government. How is that something of 'intrinsic' value? It is something that is globally recognized. It actually made sense when the US dollar was backed by gold, pre-Nixon. With the US Fed saying that it can now has the ability to use a digital currency that the Fed can withdraw from your bank account or crypto wallet, the intrinsic value of the US dollar just took a huge 'credibility' hit! I believe the world has accepted global markets that are controlling global exchanges and currency values. The need...Ignored
https://www.myfxbook.com/members/mitiblotch/mt5-10567385/9464692