As long as America can project its military force around the globe, our dollar will maintain value, because folks will have confidence in it. Not American folks, but people all over the planet. Foreigners know that the dollar is not backed by gold, but rather our power.
However, once we pull our military back to our shores and cease a global presence, the confidence in the dollar will plummet for both Akbar and Jeff.
Many lesser-developed societies use the dollar to transact business, and supposedly most $100 bills in circulation are not even inside America, because people in lesser-developed countries would rather conduct high-value transactions (like buying a car or a burro) with US dollars.
So, besides QE and the the machinations of the elites, the value of our money is influenced by people living in 2nd and 3rd world.
“However, once we pull our military back to our shores and cease a global presence, the confidence in the dollar will plummet for both Akbar and Jeff.”
Our strong military that can project force keeps the dollar strong. Japs keep 1 trillion in US Treasuries as a quid pro quo for our forces giving them an umbrella (nuclear and otherwise) against China....though Obama obviously cannot be trusted on this
Stoooopid libs trying to ruin our militarily with Ebola duty and gay marriage don’t know that part of their high standard of living comes from a strong USD which is kept strong by our military force projection capability