The problem with any currency that is not the US Dollar is that none of them have the US military backing them.
When you boil it all down, money is just a show of power. No might, no value.
The US military isn't why the dollar has purchasing power. The goods and services that people will trade for a dollar is why it has purchasing power.
When you boil it all down, money is just a show of power. No might, no value.
"Money is the material shape of the principle that men who wish to deal with one another must deal by trade and give value for value. Money is not the tool of the moochers who claim your product by tears, or of the looters who take it from you by force. Money is made possible only by the men who produce."