It would weaken, certainly, if not vanish. But getting people to stop believing in symbols is incredibly difficult. Look at the dollar today. Do you know what gives the dollar its worth? If you said 'stacks of gold in Fort Knox', or anything similar, you're wrong. The dollar has value because people believe that it does. The value of the dollar compared to other currencies depends on the faith you have in those currencies, and how much of that currency is out there. If everyone suddenly decided the dollar was worthless, then what used to be stacks of cash is suddenly so much kindling. But it takes something cataclysmic for something like the dollar or a title like President of the United States to lose its meaning. We're talking about the kind of events that shake the world, and leave people spending decades trying to get their footing afterwards.
