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Topic: Dollar coming to an end - page 18. (Read 34981 times)

hero member
Activity: 896
Merit: 1000
September 20, 2014, 05:34:43 AM
I think its all premature. America can print dollars for another 70 years, especially if there are major wars or conflicts somewhere.

They can print but the value will go down against all real assets, it already started there is a lot of inflation

Inflation is still less than 10% a year. As long as America is still a super power, it can get resources cheaply, thus keep price inflation low.
hero member
Activity: 1022
Merit: 500
September 19, 2014, 01:48:13 PM
I think its all premature. America can print dollars for another 70 years, especially if there are major wars or conflicts somewhere.

They can print but the value will go down against all real assets, it already started there is a lot of inflation
full member
Activity: 154
Merit: 100
September 18, 2014, 07:17:56 PM
I think its all premature. America can print dollars for another 70 years, especially if there are major wars or conflicts somewhere.
newbie
Activity: 23
Merit: 0
September 18, 2014, 02:22:12 AM
Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.

Internet will not collapse if the Dollar collapse and the establishment always end up collapsing only to be replaced by an other establishment

You know there is a world outside the USA out there and they are smarter, work harder, save more and produce more than the states?
The overall economic output of the US is greater then anywhere else in the world. The same is true for economic output on a per capita basis. The dollar has enough influence to prevent itself from falling by the wayside.

If the dollar were to collapse the internet and bitcoin may not collapse however the world would likely have very big problems on it's hands

And if the world will have a very big problems on its hands, they will not think anymore about bitcoin. They will think about survival. And bitcoin will not make them survive.
full member
Activity: 238
Merit: 100
September 17, 2014, 11:41:21 PM
Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.

Internet will not collapse if the Dollar collapse and the establishment always end up collapsing only to be replaced by an other establishment

You know there is a world outside the USA out there and they are smarter, work harder, save more and produce more than the states?
The overall economic output of the US is greater then anywhere else in the world. The same is true for economic output on a per capita basis. The dollar has enough influence to prevent itself from falling by the wayside.

If the dollar were to collapse the internet and bitcoin may not collapse however the world would likely have very big problems on it's hands
member
Activity: 86
Merit: 10
September 17, 2014, 06:04:44 AM
Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.

Internet will not collapse if the Dollar collapse and the establishment always end up collapsing only to be replaced by an other establishment

You know there is a world outside the USA out there and they are smarter, work harder, save more and produce more than the states?

Agree.. But these guys couldnt speak a single english word!
legendary
Activity: 1512
Merit: 1005
September 16, 2014, 02:41:19 PM
Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.
Tsunami not possible, that would distort the japanese society too much. Nope.
hero member
Activity: 1022
Merit: 500
September 16, 2014, 01:42:03 PM
Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.

Internet will not collapse if the Dollar collapse and the establishment always end up collapsing only to be replaced by an other establishment

You know there is a world outside the USA out there and they are smarter, work harder, save more and produce more than the states?
newbie
Activity: 56
Merit: 0
September 16, 2014, 06:46:08 AM
Not possible.. Dollar will always be there. If dollar will collapse, everyone will collapse. The internet will collapse, bitcoin will collapse, all establishment will collapse.
hero member
Activity: 1022
Merit: 500
September 15, 2014, 06:49:39 PM
what will rapers rap about when dollar collapses?

Bitcoin and rap are not too correlated at the moment https://www.youtube.com/results?search_query=bitcoin+rap

The American Black community is not using Bitcoin as much as the White?

BRICS already leaving the dollar


Brics are leaving the USD and the next coming years will see those who produce, save and live within their means get rewarded; those who live in credit, well, you know what will happen to them, they will find excuses  to their problems
newbie
Activity: 28
Merit: 0
September 15, 2014, 04:39:13 PM
what will rapers rap about when dollar collapses?
newbie
Activity: 31
Merit: 0
September 15, 2014, 01:06:41 PM
I find it rather coincidental that the BS in the Ukraine started about the time russia started making plans to back off the petrodollar. We all know how well that worked out for Saddam. I think "weapons of mass destruction" might have been a typo - maybe they meant "weapons of mass economic destruction" .

I also find recent ISIS beheading of those two aid workers from the UK coincidental. There is pretty much no way that the UK can not do something now. Had ISIS taken US aid workers I doubt this "war" would have had any real support outside the US.

All of this seems like the banksters trying to use war to hold off the coming devaluation of the dollar or even worse a crash of the london usd derivatives market. Also, the strangle hold JP Morgan and friends have on the silver market is starting to unravel.


/end half informed tinfoil hat rant.
hero member
Activity: 697
Merit: 500
September 15, 2014, 11:51:07 AM
BRICS already leaving the dollar
newbie
Activity: 4
Merit: 0
September 15, 2014, 12:08:41 AM
This is an issue that I am interested.
   The BRIC nations do hold vast reserves in dollars.
So they do have a vested interest in ensuring that the dollar does not decline.
The decline of the dollar, if it does happen, will happen very gradually.

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sr. member
Activity: 476
Merit: 250
September 14, 2014, 05:57:50 PM
USD and EUR = FUBAR in 2050

This, do the math and check at the graphs. By the time 2050 arrives, € and $ will be so devaluated that it will be fucking pointless to own any of it. Now, Asia money will take the lead, and smart people will have put at least half of their assets in BTC. You'll be able to at least buy a small flat with 1 BTC by then.
I disagree with this. Yes inflation will eat away at the value of both the euro and the dollar, but people do not hold onto cash for 30 plus years as an investment.

If you hold Bitcoin for 30 years the amount of shit you'll be able to buy with only 1 BTC will give you a brain aneurism.
During this time you will also have your money tied up and would be unable to spend it. You need to take into consideration the cost of having your money tied in up bitcoin during this time.

Whats the problem? you can buy with BTC directly, it will be accepted worth wide, no need to "cash out"
I would say the problem is that you can not spend this bitcoin on things like a car or any other goods/services that you would otherwise want to buy while you are waiting for the price to appreciate over this 30 year period.

I am waiting for the day BTC-denominated investments are easily available. Then just put your bitcoins into a low-risk instrument for 30 years.
You should remember that low risk usually means low reward. There are a few low risk options right now that you can invest in, for example in swaps at bitfinex or investing in the bankroll at gambling sites (although there are very few if any sites that allow this now). The problem with investing in securities that are designed to last for this long is that although they may be low risk today, in a few months or a few years they may appear to be more risky and it would be expensive to get your money out of the investment when that happens
newbie
Activity: 27
Merit: 0
September 14, 2014, 02:15:00 PM
1 million dollars will buy you one mcdonalds in a couple years.
hero member
Activity: 1022
Merit: 500
September 14, 2014, 01:31:09 PM
Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

There are a lot of factors to consider. How about the people with no btc? Dollars downfall will create chaos for sure.

World war 3 might happen if dollar will fall.

Dollar will fail; we have to protect ourselves
Yeah, this is where it becomes difficult to predict what will happen.

Protection isn't a simple "Hide my wallet away on a USB and it'll be fine, I'll just tell people I have none." You are looking at protecting entire infrastructure, such as the internet itself. The dollar collapsing will end up with huge power grabs in the chaos that would ensue, possibly, and so things as delicate as the internet would have to be very well protected. And I don't mean the main servers, I mean every other piece related to it, like routers, ISP servers housings, all that stuff.

I'm torn between physical assets and Bitcoin, to be honest. Bitcoin has amazing potential, but if the internet goes down, which has a likely possibility if the dollar would collapse, then it becomes far less valuable. Physical assets will likely often be used and accepted if the internet goes down, but then you'd be missing out on Bitcoin in the event the internet doesn't fall...

The Dollar can fail but internet will survive it! Having only bitcoins and nothing else is obviously very risky, having other assets, skills, friends, two passports, maybe food gasoline and alcohol if you think it will really go sour
legendary
Activity: 1554
Merit: 1026
★Nitrogensports.eu★
September 14, 2014, 09:44:34 AM
Why is it that many of the people here wants dollar dead?

Because that is very good for bitcoin?

maybe 40% of the bitcoin users wants to incash their btc. Why do they want it to be dead?

They would exchange it for real goods & services, not necessarily fiat. Smiley
legendary
Activity: 1512
Merit: 1012
September 11, 2014, 11:24:19 AM
World war 3 might happen if dollar will fall.

not with the BRIC ... they have already more than the FMi in reserve.
newbie
Activity: 28
Merit: 0
September 11, 2014, 11:14:15 AM
It's just getting close, 2050 guy is spot on.
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