The only thing propping up the US Dollar is a scheme of special arrangements such as this Saudi deal that was made to artificially create value for the Dollar when it divorced gold. The dollar truly has nothing backing it except your faith in it.
The FRN is still backed by aircraft carriers, but this will mean inflation and things will get worse until a new metals backed system is in place or state banks with metal backed currencies.
The only thing propping up the US Dollar is a scheme of special arrangements such as this Saudi deal that was made to artificially create value for the Dollar when it divorced gold. The dollar truly has nothing backing it except your faith in it.
The FRN is still backed by aircraft carriers, but this will mean inflation and things will get worse until a new metals backed system is in place or state banks with metal backed currencies.