What is the US dollar backed by?
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The countries with the largest militaries don’t really need to explain why their currency has value, you better take their fake dollars or they’ll invade the heck out of you.
Oil and Proof of war. The fact that oil is traded almost exclusively in dollars.
It’s called a Petro dollar
It’s backed by the enforcement power of the US military for which the us spends half its budget.
It’s backed by a massive golden statue of Reagan in an underground super bunker built on money that was supposed to go to social programs guarded by hundreds of mutant eagles trained to kill Canadians and communists on sight
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