Reply to post: Re: But today I'm a reformed character

From Libra to leave-ya: eBay, Visa, Stripe, PayPal, others flee Facebook's crypto-coin

Wellyboot Silver badge

Re: But today I'm a reformed character

The dollar has value because it is trusted to be reasonably stable and once issued dollars are 'out there' for anyone to use, the Iraq economy post 2003 ran almost exclusively on printed dollars flown in by the billion.

Opinions as to the capability/motives of the current personalities heading (always temporarily) the different US institutions that provide policy, policy execution, oversight & restraint doesn't overly affect the dollar value because the system is seen to work.

Trusting the US Gov. to keep it that way is far easier than trusting one individual with majority sharholding (Zuk) in one company to do the same.

POST COMMENT House rules

Not a member of The Register? Create a new account here.

  • Enter your comment

  • Add an icon

Anonymous cowards cannot choose their icon


Biting the hand that feeds IT © 1998–2020