It truly is - its absolutely amazing. I drive clients to the airport. Sometimes I mention some of these things that I have heard. The major response is "Lol, what news channel did you hear that on?"
Obviously the "full faith and credit" is psychological, its quite a mental apparition thing... that is the only thing that keeps the whole thing afloat. The "land of oz" is considered by most to be reality... in this regard belief undermines a truer reality.