The Dollar? A Currency, Not Investment
- One person said "gold", which has nothing to do with it. There was a time when you could demand a fixed weight in gold in exchange for a Dollar, but those days are gone;
- Another said, "You can buy things with it" – an answer that only begs the question why that it so;
- "Faith," said yet a third. Not quite.
The US government never borrows from the Chinese to "finance" its budget deficit.