Table of Contents
What keeps the USD going?
Notes
Sources
Meta
What keeps the USD going?
Notes
risk of quantitative easing
currence collapse: lack of faith in stability or usefulness of money - either to store value or as a medium of exchange (Ross)
USD not backed by commodity but 'Government Fiat'
USD is a reserve currency (along with Euro, JPY, RMB by IMF 2016)
Bretton woods
Greatest risk: high inflation with high debt – but other countries that export to US (e.g China) would not want it to fail
Sources
Ross, Sean. (2020, April 12). What It Would Take for the U.S. Dollar to Collapse [Finance]. Investopedia.
https://www.investopedia.com/articles/forex-currencies/091416/what-would-it-take-us-dollar-collapse.asp
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2021-01-21: initial document