The USD WILL collapse. Then so will the Euro, the Japanese Yen, the Swiss Franc, the Canadian dollar, and the Australian dollar - to start.
This is a mathematical certainty.
Short of some sort of false flag to distract from the insolvency of the QE countries (US, Canada, Europe, etc.), there is no way to avert the collapse.
Peter Schiff is an optimist.
Topic: dollar collapse - page 2. (Read 2304 times)
"Everyone" in this context does not include the vast swathes of consumers who haven't the slightest interest in the financial system, and think "QE? wasn't that an ocean liner?"
In my limited time watching various markets, I've formed the opinion that they do whatever people least expect them to.
Applied to BTC, I have a horrible feeling that maybe this is as good as it gets. There will be no rocket (as everyone expects). It will not crash to zero (as everyone else expects). It will never go mainstream (because *everyone* as explained above does not knowing or care about it... "inflation is how you fill balloons right?"). So china was the last hurrah.
Enjoy your profits, thanks for playing.
I really hope I'm wrong though.
In my limited time watching various markets, I've formed the opinion that they do whatever people least expect them to.
Applied to BTC, I have a horrible feeling that maybe this is as good as it gets. There will be no rocket (as everyone expects). It will not crash to zero (as everyone else expects). It will never go mainstream (because *everyone* as explained above does not knowing or care about it... "inflation is how you fill balloons right?"). So china was the last hurrah.
Enjoy your profits, thanks for playing.
I really hope I'm wrong though.
dollar wont crash lol
everyone is thinking that, then it wont happen
everyone is thinking that, then it wont happen
I tend to agree with Peter Schiff, the dollar will invariably collapse because it's being printed like there's no tomorrow. Or if the Fed pulls a Paul Volcker and shuts off the spigot, the US (and perhaps the rest of the world) will enter a deflationary depression. (Holders of "hard assets" like gold and bitcoin should probably fear that outcome the most.) That doesn't mean the USD will automatically do a Zimbabwe and die completely, but the US could experience >>20% CPI inflation, especially if the rest of the world no longer wants all those printed dollars. And if you start WW3 to try to force the Russians or Chinese to accept USD, then we're all doomed anyway.
US debt is so high they can't even pay the interest on loans. Crash or default is a mathematical certainty, just a matter of time. All depends when the chinese get sick of seeing their money disappear.
dollar wont crash lol
everyone is thinking that, then it wont happen
everyone is thinking that, then it wont happen
If everyone is thinking that, it will collapse even faster.
Why would you hold much dollars, if you believe it will crash?
dollar wont crash lol
everyone is thinking that, then it wont happen
everyone is thinking that, then it wont happen
Another method of exchange would be used...another currency, precious metal, or even a normal good.
if dollar were to collapse, USD/BTC exchange rate would sharply rise, that's all. in no sense is bitcoin tied to USD. it'll be traded for CNY/EUR, that's all
Where we are going we won't need bits of paper.
so if it where to collapse is bitcoin dead, so many people are buying due to the exchange rate ? so if the dollar holds no value neither will bitcoin ?
While the dollar might be the current world reserve currency, it won't be forever. And it is not the only currency. There are things in Europe called Euros. In China there are Yuan and so on.
so if it where to collapse is bitcoin dead, so many people are buying due to the exchange rate ? so if the dollar holds no value neither will bitcoin ?
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