RE: RE: USDD is Justin Sun’s exit scam for TRON

aren't all major world currency essentially dollar backed coins now?

Central banks often hold US dollars, but the current thinking is that it is best to let the currencies float against each other in open exchanges.

This is why there is an active Forex market.

Attempts to peg currencies have failed. The most famous failure came in 1979 when England was trying to maintain a peg between the pound and deutsche mark.

A piece of human filth named George Soros formed a cartel to short the pound. His group took a 3.3 billion short on the pound which broke the bank of England. George Soros made 3 billion in a single trade. He has used the money to advance far left causes ever since.

Central banks realized that attempts to peg currencies would open countries to economic sabotage and now let their currencies float.

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