Topic: So dollar collapse ? (Read 667 times)

You initially laid the error, and taking it as a basis and generated other errors, which is expected. Britain did NOT rule the world, it was an empire. Empire implies seizure of foreign territories and building zones of influence, where you can build “copycat” colonies, with convenient and familiar laws, monopolization of resources and industry, etc.
France, Netherlands, Spain, Portugal were also colonists.
But name - whose currency among those listed by you became the INTERNATIONAL measure of value ? The Gulnad? The Franks? Thalers or Florins?  None of these currencies were what the dollar is ! They could be used only in colonies and some countries that were loyal to the colonizer country. Tell me how for example for guilders could buy goods in Japan ?   I will even help you - through another asset to estimate the value - GOLD !
No one is talking about forever. We are talking about the OBEDIENCE and acceptance of this monetary unit by the majority, even with all its shortcomings and peculiarities.  And as I wrote - there will be a replacement only in case of appearance of a country (or union) which will be as trusted as the USA, and it (country or union) will have the same indicators of trust, strength, and capabilities.  And there will probably be a replacement at some point, but BEFORE and in the short term, nothing like that is in sight. If I am wrong - name such a country/union ? Only with arguments, of course, please

Mate, try to understand few things then give reply because it's important for the understanding of other members as well we have no PM in America so he is doing nothing for having anything about stability of the USA dollar and as we are having changes around us surely we will have good and positive changes which are essential for us in recent time we are having too many blocks and other related things for creating challenges to the USA and Dollar, but I have strong feeling it's not going to work because still main superpower is USA, and they are having strong allies which are giving good support for keeping things on track.

Until we have corruption crimes and other things related to instability humans we will have strong hold of this Dollar because they will do everything for the stability and keep power for this because they are having right for doing things like these.

You don't see and so far there is no country that can compete and threaten the leading position of the United States, that doesn't mean that country will never appear in the future. As I said, it may not happen in our time but in the future it is very difficult to say. You, me or anyone will not be able to know anything in the future.

But there is one immutable rule that nothing can last forever and history will repeat itself at some point. Before the United States came into being, there were five other nations that took turns ruling the world, and before those five empires, we had other empires that ruled the world. Our world is thousands of years old and has gone through many different periods of domination. So the idea that the US will dominate the world forever is just an idea of ​​people who are too crazy about the US and do not want to accept the fact that the world changes and develops.


Source: Internet

Before 1400, before Portugal dominated the world and ushered in the era of the rise of Europe, who dominated the world? And they certainly thought they would never be defeated.

CBDC will just solve the problems, really the problems of total control by the government  With fiat money or cryptocurrency - it is difficult or costly to do this. And CBDC model makes ALL transactions transparent, and gives full control over your every cent, and for any action - both to track and block or forcibly withdraw YOUR money. Or to mark the money on the wallet, and then to track all your transactions, to reveal financial and other connections.

And with a decentralized financial system, without control - no government will accept, which is why the adoption of bitcoin as a means of mutual settlements - is more of an exception than a practice. Just remember one fact - Money is power, and power must control money. That is why there will never be decentralized financial systems in the modern world.

I recommend studying the financial system of the world, from about the 15th-16th centuries. The conclusion will be unexpected - there were no GLOBAL UNIVERSAL mechanisms of value assessment before the dollar. In monetary form. There was gold. But gold is a specific measure of price and settlement, so the dollar took its place. Yes, the U.S. was smarter, more cunning and more nimble than others.  I have already said many times - to replace the dollar, a country must appear on the world stage, which will prove its superiority for decades, will have the largest economy, will be a technological leader, will have the most powerful army and armaments, and many other indicators. I do not see any such contenders even on the horizon. If you know one - let's discuss ?

Indeed, it is difficult for us to eliminate fiat easily in terms of value and others, because FIAT is the current benchmark value with all its mechanisms still very much needed, and it is unlikely that it will happen in a few years, the fact is that we in this world still do not receive a stable internet network to all corners of the world, and people who understand crypto are only a small part of the entire human population in the world today.

I think that crypto may be difficult to accept but Blockchain technology may be accepted faster than the cryptocurrency, because some countries also have sovereignty in speaking finance, although it can be revised and re-deliberated, but human resources in accepting a new financial system takes time.

Yes , Dollar will not collapse in future because PM of America is taking the step for digital currency and he will take action for the stability of dollar. Dollar will be strong in future because America will trade with foreign countries and it will import it's products and after that dollar value will increase and we will see the pump in dollar price. After the COVID 19 every country is effected . In many countries dollar has great value and in few countries they don't give the value to dollar and they  use their own currency. America is dictator and has weapons and modern machinary and that's why it is dominant on World.

I agree with this 100% without a doubt. CBDC will be insanely terrible at the hands of wrong people, we are going to end up seeing people face so much problems and that is going to end up with issues for them. I think it is going to end up being something that will be very tough if we keep getting crazier results, it has to be very careful project.

I believe that we are going to see a result with CBDC which will be even more corrupt by the officials, and at that point I feel like it might actually be more open to public as well, which will make us go mad even more. I can't believe that people have a belief that it will fix everything, nothing can fix it because politics is simple, if my guy is doing crimes then I support him, if the other guy is doing something decent I still don't support him, that's politics, so both sides will ALWAYS find people who will support them no matter what crime they do, and CBDC will not fix anything about that part at all.

He is talking about collapse there, not fall and I think both are not the same but to me, I think the word collapse is more intense than the word fall. If I can make an example, I can say that a collapse is like a shitcoin who dumps and never recover again but a fall is only like a dip in the price of BTC and the chance for it to recover is still or always there.

Now that we already figured out their meanings, I guess it is now easy for us to choose a proper word in order to have a response in the OP's question. Even though you already choose the word fall, it is still wrong to say that it is not possible for the dollar to fall.

There is an image about it in fact which compares if what we can buy with a one dollar now compared to before but it's not just a simple fall, rather it is caused by the inflation. If without the involvement of the inflation, there is still a small decline that a dollar can experience sometimes and just like in BTC, it is still possible for it to recover too. Anyways, the next thing that you said is the reason on why it is less likely for the dollar to collapse.

The dollar already loses its value but as we can see, it is still considered as the main currency of all the countries in the world, so even if other perform well, I don't think we can see them in the position of the dollar.

I agree with you, the USD will not collapse in the near future, the US is still doing everything it can to maintain its dominant position as long as possible. But saying that it will never collapse is a myth and a blind trust because nothing can last forever.

Actually if the OP or everyone took the time to learn about what's going on in the world it would be easy to see that. Many countries are trying to reduce their dependence on the USD and this has become increasingly evident in recent years as BRICS has accelerated the bloc's development. Of course, this won't cause the USD to collapse, but it's clear that the USD is gradually weakening and think about what will happen over time if BRICS strengthens?
The currency war will never stop, if the USD can beat the British pound to become king, sooner or later the same thing will happen to them, because that is the cycle of our economy.

The chance is that any company that deals with other nations will have a lot more chances and that's the important part. If you are an American company for example and you are selling a product to UK, you will have a lot of advantages and your nation (in this case USA) will help you with it as much as they can. This is because nations realized that they can't just be self-sufficient and their currency gets lower, which means that we are talking about making money from other nations, or more importantly can be said "taking" money from other nations. If you do that then you are going to end up with a much better result as a nation.

This is why we are going to end up with companies getting a lot more help from their own nation if they are selling to other nations. We will definitely have hard time just selling our product to our own nation, hence we need to consider globalization. In this case e-commerce is definitely a great way of improving our chances of selling stuff to others.

Yes dollar will collapse it's good i can buy cheap.
That's how the market works you buy when cheap sell when high.
There is endless china and usa fight no winner no loser.
You keep the bets on both sides you always winner.

I sense you are only downplaying the dollar collapse mantra, it's more than that because such a term is rarely used in the market when experts analyse it. It means that a serious fall may happen that could be caused by rare invents like major economic collapse, recession, depreciation etc. I hope this will not be the fate of the US even as all hands are on the desk to forestall the issue. The US economy is not at its best but certainly not the first time the country has witnessed such a downturn but still bounced out of it heroically. But mark this, those who want the US and the US dollar to fail will always wait in shame because that is the country with the best brains when it comes to economics.

That said, all I expect this year and the next is the usual minimal rise and fall of the USD index, so no cause for panic.

There is no doubt everything is going to be had end with $ is also having his end but no doubt it's not happening now and in near future because we all know still US is only superpower, and they can manage things for the strengthening of their currency we have too many ups and downs with few regional blocks are coming for having some changes, but this all is never been easy we have to understand few things YouTubers are having their own conspiracies, and they are creating feud as well, but it's not all about this collapse they are doing this for having their own views.

Just because of this social media and specially YouTube now we are having too many mess-ups which are creating problems for the peoples but as they are doing its surely not going to be had any impact on current world and US $ we have to understand ground realities about this with just wait and watch surely things will be taken change.

The value of a dollar is not in the paper, but in what is behind that “paper”:
- The political weight of the U.S. in the world
- The U.S. economy
- Technology
- Army
.... and much more that ensures the value and stability of the dollar.

This is why I always say - the dollar can of course be displaced by another currency. But for this to happen, a country must emerge that is more powerful than the US by all measures. But...so far this scenario is unlikely

I couldn't understand before why the dollar is so strong as a currency. And I also couldn't understand why it wasn't backed by gold reserves. In fact, it's just a piece of paper with presidents. But it turns out that everything is not so simple, the point is that the dollar is recognized in many places, and the very point of the dollar is that it is American. The US has shown itself as a country that knows how to invest correctly in the economies of other countries, giving them a financial boost, look at South Korea for example.

I don't think it is possible for the dollar to fall, because the few international transactions that take place are mostly done through dollars. But every country has its own currency but the dollar is international so it is not so easy to lose its value. But it may be that if some other better method and strategy comes then the dollar may lose its value, but this dollar has been playing a role in the transactions of every country in this world for a long time.

When you’re talking about the collapse of a currency, what you’re really having to talk about here is inflation. This deals with the strength of a currency to another as per valuation, having to describe the productivity of a nation in respect to its local goods and foreign importations of product.
Dollar would fail, domes days for dollar and blah blah blah on the various channels you devote your time then ask yourself this,

Is your country actively producing?
Are you being rocked by inflation today?
What measures are being put in place to tackle inflation in your country?

Dollar still stands as a reserve currency and what ever affects dollar could have a chain relation to associated nations respectively. There are rumors of China and Russia looking to by pass dollar but, you know it’s going to be real difficult for sure.

As long as there is power, greed, corruption, and other “peculiarities of man”, monetary systems will always remain centralized. The reason is banal - money is power. No one will give up power.

You probably think that soon many countries will launch CBDC ? Well, I have to disappoint you very much ! CBDC is an evil that many people do not realize yet. It will be disproportionately worse than what we have now..... Probably not everyone realizes what CBDC really is.

Haven't we often told each other that the centralized monetary system will soon collapse, we should invest in bitcoin to avoid the collapse of the traditional monetary system? Isn't USD a centralized currency?

To be honest, I really don't understand what people are thinking. In other topics, some people claim that bitcoin is the only currency that will last forever because it is decentralized and censorship-resistant, the monetary system will soon collapse. But in this thread or other threads about the collapse of the USD, you say it will never collapse. It's tough to understand what your point is.


Nothing lasts forever and USD is no exception, but it will collapse but not now.