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1. zx8080+(OP)[view] [source] 2026-02-04 07:30:17
> 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.

replies(1): >>direwo+wm
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2. direwo+wm[view] [source] 2026-02-04 10:26:08
>>zx8080+(OP)
It's the other way around. If you don't trade in dollars, the military comes and demands that you do.
replies(1): >>Realit+TH
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3. Realit+TH[view] [source] [discussion] 2026-02-04 13:04:25
>>direwo+wm
Is 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.
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