Post
Topic
Board Economics
Re: Is the US dollar backed by oil?What do you think?
by
awik p
on 21/03/2019, 02:24:46 UTC
I don't think so, if US dollar is backed by Saudi Arabian oil then why it's current money value isn't the same as Saudi Real? U.S. dollars are backed by the “full faith and credit” of the U.S. Government, that is what I strongly believe for now.
I agree. the American government won't like that, they certainly don't want to be dependent on other countries, instead they have to be the opposite. especially at this time the American president from a businessman background