No.
Fiat is backed by tax base. US has more assets than debt. Additionally US is the largest economy in the world, how much would the right to tax it be worth? A lot.
It's not at all just perception and influence as you claim.
Fiat is backed by tax base. US has more assets than debt. Additionally US is the largest economy in the world, how much would the right to tax it be worth? A lot.
It's not at all just perception and influence as you claim.
[1] https://ourworldindata.org/grapher/gdp-maddison-project-data...
https://data.worldbank.org/indicator/NY.GDP.MKTP.CD
Any other official sources would tell you that US is the largest economy in the world by GDP, which is the most commonly accepted metric.
The general form of this is, it's backed by something that will accept it as payment. But then the same is true of non-fiat currencies.
The value of a currency is simply, what can you get when you spend it?