The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.
We have ways of keeping the dollar propped up with native talent. Not worried one bit
Topic: Dollar coming to an end - page 6. (Read 34981 times)
We have ways of keeping the dollar propped up with native talent. Not worried one bit
The dollar collapsing is about massive inflationary policy and no amount of imported talent will save it.
The dollar has been coming to an end for a very long time but still it is here controlling most of the worlds economy's, paying for wars and being paid back for the wars. When the dollar comes to an end it will be because those in power want it to be the end of the dollar/petro$/war$ if and when that time comes it is going to be terrible news for all country's that rely on it, deaths of millions within a short time and total chaos. It is what the world needs but it is not going to be pretty when the time comes, No bitcoin will not save us however much we would like it to bitcoin needs economies to be on the up to itself be worth anything well imo.
USA has been very good at attracting talents and growing its economy so it allowed the state to spend more and the dollar to keep going.
A distinction can be made between various "ends" of the "dollar":
The end of the value of your hoarded dollars.
The end of the petrodollar system.
The end of reserve currency status.
The end of the federal reserve system.
The end of fiat-slavery worldwide.
I estimate the above order to approximate the future order of these events.
The end of the value of your hoarded dollars.
The end of the petrodollar system.
The end of reserve currency status.
The end of the federal reserve system.
The end of fiat-slavery worldwide.
I estimate the above order to approximate the future order of these events.
ITT: Bitcoiners talk about collapsing USD as Bitcoin collapses. Much lel had by all.
It could be a great way to dump the US debt. Lose the dollar and adopt some kind of crypto/Fiat currency.
The dollar has been coming to an end for a very long time but still it is here controlling most of the worlds economy's, paying for wars and being paid back for the wars. When the dollar comes to an end it will be because those in power want it to be the end of the dollar/petro$/war$ if and when that time comes it is going to be terrible news for all country's that rely on it, deaths of millions within a short time and total chaos. It is what the world needs but it is not going to be pretty when the time comes, No bitcoin will not save us however much we would like it to bitcoin needs economies to be on the up to itself be worth anything well imo.
^He means in the top .1 percent. I know this because 1 in 1000, and because math.
All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.
The usd system works the same as bitcoin, we all want the dream to become rich, so we sweat, work, put money in it... but only 1 out of 1000 will become rich
Is it really that high of a rate? I don't think it is but I could be wrong, and what are we defining as rich?
All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.
The usd system works the same as bitcoin, we all want the dream to become rich, so we sweat, work, put money in it... but only 1 out of 1000 will become rich
...
Allfiats cryptos have failed after their cycle is over a few weeks. I dont see why dollar Bitcoin has to be immortal.
All
Bitcoin's what, six years old? And you're talking about mortality?
So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?
Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.
So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.
I think this is a trap for the government and a double-win for the people:
1.) the freedom of economic transaction (bitcoin delivers that, it's censorship-resistant) is important to protect against opressive government or other entities trying to control the flow of money (take the wikileaks blockade as a prominent example)
2.) the use of sound money (especially via the inelastic money supply) forces fiscal prudence on governments. Spending has to be financed by taxes. The use of sound money also has positive effects on the economy because it will greatly reduce misallocations of capital (bailouts and other capital mis-injections) and plundering of the unsuspecting population ("hidden inflation tax")
The People need to take the governement accountable for useless expenses and going into debt with the children and unborn accountable.
That doesn't sound like a feasable strategy. Governments are corrupted and they have monopoly on force. It doesn't look like governments are listening to their people much or have the goal to act in the peoples interest, either. It looks more like they're trying to control the people.
I think using crypto (not only -currency, but other applications like encryption) is a much more feasable and peaceful strategy. You don't end a system by attacking it, but by building and using better ones.
but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.
There is zero chance of dollar ever going away, it will however continue to do what it does best, and that is loose the purchasing power over the years.
It comes to me as a great surprice, however , that dollar actualy progressed in comprarison to euro in the last year or so, and quite greatly actually.
cheers
All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.
but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.
There is zero chance of dollar ever going away, it will however continue to do what it does best, and that is loose the purchasing power over the years.
It comes to me as a great surprice, however , that dollar actualy progressed in comprarison to euro in the last year or so, and quite greatly actually.
cheers
I hate to interrupt your learned discussion but was it one lump or two?
but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.
In the world of fiat currency, the USD is the leper with the most toes. It gets stronger in times of world financial crises because it is safer than other fiat currencies by virtue of being the world reserve currency. It may indeed end up in hyperinflation, but not until many many years of watching other currencies fail first.
Even with near zero interest rates, the dollar strengthens when credit contracts. Money is lent into existence so when banks stop making new loans, the money multiplier runs in reverse because the existing loans are still being serviced (paid back). Without central bank intervention (quantitative easing), eventually this leads to collapse because there is not enough money in existence to pay back all outstanding loans.
One of these two outcomes is inevitable eventually. Death by fire or ice. But because the central banks can create new money at will, fire (hyperinflation) is the more likely outcome- However the US central bank (Federal Reserve) can postpone that longer than any other central bank. All they have to do is keep the inflation rate lower than the other major world currencies, import everything the U.S, used to manufacture, and find somebody else to blame.
Even with near zero interest rates, the dollar strengthens when credit contracts. Money is lent into existence so when banks stop making new loans, the money multiplier runs in reverse because the existing loans are still being serviced (paid back). Without central bank intervention (quantitative easing), eventually this leads to collapse because there is not enough money in existence to pay back all outstanding loans.
One of these two outcomes is inevitable eventually. Death by fire or ice. But because the central banks can create new money at will, fire (hyperinflation) is the more likely outcome- However the US central bank (Federal Reserve) can postpone that longer than any other central bank. All they have to do is keep the inflation rate lower than the other major world currencies, import everything the U.S, used to manufacture, and find somebody else to blame.
So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?
Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.
So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.
I agree that crypto actually gives the ability to supervise transactions, etc., but I think bitcoin won't be the one (in a scenario where global adoption is reached through governments) simply because you cannot print more of it - as it has been done with fiat for the past decades.
The fact you cannot print bitcoins is a good aspect of bitcoin. You can divide it all you want.
Sorry, but i have heard plenty of people for years going on about "the end of the dollar", hasn't happened yet, and i still cannot see it happening at all.
MEPH
MEPH
It will happen because you cannot create that many dollars in a world that is naturally looking for other world currenceis without the value of each dollar going down a lot.
So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.
That's an absolute guarantee. What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?
Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.
So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.
I agree that crypto actually gives the ability to supervise transactions, etc., but I think bitcoin won't be the one (in a scenario where global adoption is reached through governments) simply because you cannot print more of it - as it has been done with fiat for the past decades.
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