Topic: Collapse or dollar= collapse of Rome= armagedon, but WHY!? - page 4. (Read 5967 times)
The irony is that technical analysis based on the dollar index suggests there may actually be a bull run on the dollar the coming years. The main reserve currency competitors (the euro and the yuan) are at the brink of falling into a multiyear bear market against the USD.
if you doubt the power of the dollar, then why is Europe in crisis?
What caused the crisis here if not for the crisis in the American economy?
What caused the crisis here if not for the crisis in the American economy?
Eurozone had their own credit bubble/ housinng bubble. Not tied to USD.
You talking about Ireland, Greece and Spain?
information and technology
Technology is useless on its own.Legends speak of an ancient library, filled with all the worlds wisdom and knowledge. Wise men from across the lands journeyed for months or years to read the valuable scrolls or make their own contributions. The internet is better in every way than the Library of Alexandria, and what do we use it for? Cat pictures, selfies and porn.
It doesn't matter what we have the theoretical capacity to do or know when people are stupid and willingly uninformed.
if you doubt the power of the dollar, then why is Europe in crisis?
What caused the crisis here if not for the crisis in the American economy?
What caused the crisis here if not for the crisis in the American economy?
The economy nowadays is more global than ever.
The dollar is the major currency used worldwide in trade, even if for example France wants to buy something from Japan, they will not use Euros nor Yen, they'll use dollars.
If when the dollar collapses, the whole world will feel the pain.
Also, many banks and governments have huge amounts of dollars or dollar-denominated bonds and security and other financial assets that are directly tied to the dollar. And not to mention when the dollar collapses, wall street will too.
Also, the USA is by far the biggest importer of pretty much everything, but all they really export is dollars. In other words they are pretty much pumping (worthless) dollars in the world economy while they buy all the goods. When the dollar loses it's value (and it will as many countries are finally seeing the scam for what it is), most industries will not be able to sell their products anymore, since the USA will not be able to afford it anymore, which will trigger a domino-effect much bigger than the housing bubble (which also started in the USA and had a big influence on the whole world).
The world will have to rely on barter for a short while and will quickly turn to what it knew worked in the past, which is gold and silver.
The dollar is the major currency used worldwide in trade, even if for example France wants to buy something from Japan, they will not use Euros nor Yen, they'll use dollars.
Also, many banks and governments have huge amounts of dollars or dollar-denominated bonds and security and other financial assets that are directly tied to the dollar. And not to mention when the dollar collapses, wall street will too.
Also, the USA is by far the biggest importer of pretty much everything, but all they really export is dollars. In other words they are pretty much pumping (worthless) dollars in the world economy while they buy all the goods. When the dollar loses it's value (and it will as many countries are finally seeing the scam for what it is), most industries will not be able to sell their products anymore, since the USA will not be able to afford it anymore, which will trigger a domino-effect much bigger than the housing bubble (which also started in the USA and had a big influence on the whole world).
The world will have to rely on barter for a short while and will quickly turn to what it knew worked in the past, which is gold and silver.
Well i have read a lot of this before, but is this really based on your own thoughts and research or are you just repeating something you read somewhere else without thinkinh about it yourself? (without taking into consideration how much "real" and knowledgeable the person from whom you read this seemed to be).
For example, are you sure that the majority of the world has an important ammount of dollars (or something tied to dollars) part of their foreign reserves??
I just cannot see such a disaster happening in the modern world with the ammount on information and technology the world has... but again i might be wrong but i think the impact of dollar collapse is being over estimated, at least world wide, in USA im sure it might get ugly, but globally i just dont see it.
The economy nowadays is more global than ever.
The dollar is the major currency used worldwide in trade, even if for example France wants to buy something from Japan, they will not use Euros nor Yen, they'll use dollars.
If when the dollar collapses, the whole world will feel the pain.
Also, many banks and governments have huge amounts of dollars or dollar-denominated bonds and security and other financial assets that are directly tied to the dollar. And not to mention when the dollar collapses, wall street will too.
Also, the USA is by far the biggest importer of pretty much everything, but all they really export is dollars. In other words they are pretty much pumping (worthless) dollars in the world economy while they buy all the goods. When the dollar loses it's value (and it will as many countries are finally seeing the scam for what it is), most industries will not be able to sell their products anymore, since the USA will not be able to afford it anymore, which will trigger a domino-effect much bigger than the housing bubble (which also started in the USA and had a big influence on the whole world).
The world will have to rely on barter for a short while and will quickly turn to what it knew worked in the past, which is gold and silver.
The dollar is the major currency used worldwide in trade, even if for example France wants to buy something from Japan, they will not use Euros nor Yen, they'll use dollars.
Also, many banks and governments have huge amounts of dollars or dollar-denominated bonds and security and other financial assets that are directly tied to the dollar. And not to mention when the dollar collapses, wall street will too.
Also, the USA is by far the biggest importer of pretty much everything, but all they really export is dollars. In other words they are pretty much pumping (worthless) dollars in the world economy while they buy all the goods. When the dollar loses it's value (and it will as many countries are finally seeing the scam for what it is), most industries will not be able to sell their products anymore, since the USA will not be able to afford it anymore, which will trigger a domino-effect much bigger than the housing bubble (which also started in the USA and had a big influence on the whole world).
The world will have to rely on barter for a short while and will quickly turn to what it knew worked in the past, which is gold and silver.
I have been reading about the collapse of dollar for several months and know that the issue is a years or even dozen of years old topic. I dont think i fully understand it but im quite leaning on the side that the collapse will happen, but even if i have a hard time believing the total apocalypse some of the people are portaing it to be... (like "the biggest event in human history" (this is the stupidest phrase i have heard so far).
Can someone concretely eplain to others WHY should the collapse of dollar mean a depression bigger then the one in 1930?
Simple quick points, because i dont see it...?
Can someone concretely eplain to others WHY should the collapse of dollar mean a depression bigger then the one in 1930?
Simple quick points, because i dont see it...?
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