So dollar collapse ? - page 3. | Bitcointalksearch.org

South Park

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Quote from: Shortmaster on July 31, 2024, 08:19:39 AM

When dollar collapse ?
I keep seeing on Youtube and from experts the dooms day for USA and dollar ?
Actually dollar collapse means weak dollar and its not bad thing it means lower rates of fed so it's good for economic boost.
But i ask when the dollar colllapse lol? They keep telling us how bad is the dollar and so much doom and gloom.
So are we really see dollar collapse ? And when ?
It's grazy how much everybody talking about end of usa and dollar...it sounds funny also.

The dollar has been collapsing as far as I remember and its demise has been foretold for decades, and while it is true that too much of it has been printed recently and the US government has too much debt, many other countries are in the same situation or even in a worse one, so the collapse of the US dollar seems to still be very far away, so if I were you I would concentrate on other things as I do not expect the dollar to collapse during the next decade.

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Quote from: Agbamoni on August 09, 2024, 07:43:06 PM

The rumors are not but fallacies. It is important we approach such things we a clear eye so that we won't get misguided. T

Most rumors are started by people holding a grudge against the US.
Greencard, blocked accounts, confiscated funds, you just name one.
These rumors are not from people having a reputation to lose if proven wrong.

That is the part where social media sets in.
You watch a YouTube speaker and dig into him often you find the reason why he made the video.
People without websites you should discard immediately. Mass websites as some people do better work than others you find their domains a re protected and such.

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Quote from: Die_empty on July 31, 2024, 09:06:19 AM

Quote from: Shortmaster on July 31, 2024, 08:19:39 AM

When dollar collapse ?
I keep seeing on Youtube and from experts the dooms day for USA and dollar ?
Actually dollar collapse means weak dollar and its not bad thing it means lower rates of fed so it's good for economic boost.
But i ask when the dollar colllapse lol? They keep telling us how bad is the dollar and so much doom and gloom.
So are we really see dollar collapse ? And when ?
It's grazy how much everybody talking about end of usa and dollar...it sounds funny also.

Most of these videos about the fall of the dollar are conspiracy theories that have little merit. Over the years the dollar has kept losing its value but it is still the most popular currency in the world. The majority of international trade transactions are done using the dollar. These predictions about the fall of the dollar have been around for a long time, and to date, the dollar has not been replaced by another currency in the global market.

The speculation that BRICS nations will come up with their currency contributed to the prediction of the imminent fall of the dollar, but we have not yet seen the currency. The US has the biggest economy, and it also has a stable political system, so the dollar will continue to be the primary reserve currency until a stronger currency emerges.

The rumors are not but fallacies. It is important we approach such things we a clear eye so that we won't get misguided. This is not the first time the dollar has depreciated yet the reserve currency still remains unchallenged compared to other currencies. Without that we should understand that there are reasons why there has been an instability in the value of dollar, and they are caused by geopolitical factors, and advancements in technologies. After its up and down the dollar at the end still finds a way to maintain a balance.

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Quote from: dezoel on August 09, 2024, 01:29:03 PM

To be fair dollar DID fall, it didn't collapse but it is not even half of what it used to worth, the only trouble is that all other nations followed and did the same thing or even worse, so the fall of dollar did not get any interest. If other nations stayed a bit stronger when USD was falling, then this would have been a bigger issue and a news, but because it wasn't, the issue did not get any worse at all.

I believe that we are going to face a lot of people with a lot of questions on why the yare not buying the same things for same money, that is due to inflation and everyone is complaining about that inflation over at USA, so they should realize that USD already collapsed like crazy and it is not worth anything anymore.

The only thing that is keeping the dollar strong right now is the fact that no other currency did alright during this period, all of them crashed and every government made big mistakes as well. So that is why we are left with a "strong" looking USD for the time being.

You have a good point. If we analyze the current status of dollar carefully, we will find out that it's not as valuable as it had before, not actually in terms of price, but more on the worth and demand that people are giving to dollar. A lot would say that it's deteriorating already and it's slowly replaced by digital currency which gains high demand these days.

However, seeing bitcoin to completely collapse in the market might not be happening soon but may probably take some time. But if US will find some alternative to replace dollar, I'm sure they will let go of dollar and raise their alternative currency in exchange of dollar.

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Quote from: dezoel on August 09, 2024, 01:29:03 PM

The only thing that is keeping the dollar strong right now is the fact that no other currency did alright during this period, all of them crashed and every government made big mistakes as well.

There is the Euro.
Still not much love lost there.

dezoel

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To be fair dollar DID fall, it didn't collapse but it is not even half of what it used to worth, the only trouble is that all other nations followed and did the same thing or even worse, so the fall of dollar did not get any interest. If other nations stayed a bit stronger when USD was falling, then this would have been a bigger issue and a news, but because it wasn't, the issue did not get any worse at all.

I believe that we are going to face a lot of people with a lot of questions on why the yare not buying the same things for same money, that is due to inflation and everyone is complaining about that inflation over at USA, so they should realize that USD already collapsed like crazy and it is not worth anything anymore.

The only thing that is keeping the dollar strong right now is the fact that no other currency did alright during this period, all of them crashed and every government made big mistakes as well. So that is why we are left with a "strong" looking USD for the time being.

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Quote from: STT on August 06, 2024, 07:51:58 PM

They dont mind Dollar collapse, what they would mind is a sudden loss but the actual decline and depreciation of dollar lowers the cost of debt which is gigantic and unpayable via any normal means. So you can bet on the dollar collapse but they want it in slow motion not all at once. Efficient markets would rather we just see dollar done in a day but deliberately with support of all other FIAT currencies around the world will stop that happening if they can in order to maintain the status quo.

Also really weak currency will create higher rates and higher cost of debt. To get people to buy your debt will take a higher rate of return to match the risk, the distortion here is dollar is the global reserve currency so its not happened really so far.

Who would want to see dollar collapsing all at once? Of course, it would bring massive loss to the US banks and government so as much as possible they will do all precautionary measures to prevent it from happening.

However, I also don't hope for dollar to collapse so that bitcoin will create a perfect entry. Bitcoin acting as a reserved currency is good enough for me, after all we won't be spending all our bitcoin, as we intend to invest them to gain maximum returns in the future.

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Quote from: justdimin on August 08, 2024, 05:55:51 AM

Quote from: Marvell1 on August 07, 2024, 08:57:04 AM

...

While I do agree that nothing will last forever, just because China is big, doesn't make them a formidable competition, because they are usually not good at it neither. Remember, that's a communist dictatorship, so fighting against a liberal capitalist nation would not be easy for them at all. One mistake from the ruler, and they are done and shitty, which did happen very recently with real estate issue, they spent insane amount of money on real estate to build the nation from ground up, but forgot that nobody has money to buy all that many houses, which caused them to have a ton of bankrupted hug companies.

Not that USA is great, I am not here to defend what USA is doing, I am not here to defend USD neither, any proper nation that is managed well would pass USD, that's not my point. I am just saying China is no better than USA when it comes to stupidity, they are equally stupid, but the problem with the world is that we have too many stupid people ruling every nation, when you look at presidents and dictators of many nations, you see that they are so bad that it looks as if they are intentionally ruining the nation, it would require wilful ignorance to be this bad and yet they are still doing it.

What I'm saying is based on each country's GDP as well as China's role and influence in the international market, I don't care if they are capitalist or communist because each regime will have its pros and cons. If they were really bad, they wouldn't be the country with the second largest GDP in the world or be known as the world's factory, or the whole world would admire their growth in recent years.
Their real estate industry is in crisis because of miscalculation but that doesn't mean they can't fix it or just because it will cause their country to fall into economic crisis.

I don't like China either, but don't underestimate them when it comes to economic potential. In addition, what I want the world to move towards is a multipolar world, a world that will have opportunities for other small countries to have the opportunity to develop their economies. Instead of living in a unipolar world oppressed by unreasonable policies and regulations from one side of the United States.

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Quote from: Die_empty on July 31, 2024, 09:06:19 AM

Quote from: Shortmaster on July 31, 2024, 08:19:39 AM

When dollar collapse ?
I keep seeing on Youtube and from experts the dooms day for USA and dollar ?
Actually dollar collapse means weak dollar and its not bad thing it means lower rates of fed so it's good for economic boost.
But i ask when the dollar colllapse lol? They keep telling us how bad is the dollar and so much doom and gloom.
So are we really see dollar collapse ? And when ?
It's grazy how much everybody talking about end of usa and dollar...it sounds funny also.

Most of these videos about the fall of the dollar are conspiracy theories that have little merit. Over the years the dollar has kept losing its value but it is still the most popular currency in the world. The majority of international trade transactions are done using the dollar. These predictions about the fall of the dollar have been around for a long time, and to date, the dollar has not been replaced by another currency in the global market.

The speculation that BRICS nations will come up with their currency contributed to the prediction of the imminent fall of the dollar, but we have not yet seen the currency. The US has the biggest economy, and it also has a stable political system, so the dollar will continue to be the primary reserve currency until a stronger currency emerges.

Honestly, the Dollar collapsing theory is just clickbait for views on YouTube videos, How can a currency that is widely regarded across the globe collapse? The United States of America from which the currency was generated may be experiencing widespread inflation but that shouldn't affect the strength of the Dollar. The United States dollar dictatates the direction of the entire global socio-economic activities so the possibility of collapsing is not even an option.

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Quote from: philipma1957 on August 07, 2024, 09:29:49 PM

China will not take over unless they drastically alter their stance on communism vs capitalism.

So maybe they will greatly change that above.⬆️

One might argue that this particular system of government is what has made them what they are today. Their citizens may not be as free as those of the West, and probably not as rich, but what do they care? The government is getting bigger and has more resources through them.
Almost all the big and very successful Chinese companies are state-owned, which gives them so much resources in the form of financial and data resources. The few private big corporations have close ties with the government. All this helps in making their government more powerful.
Nevertheless, I think I agree with you, the world has seen the benefits of a capitalist system so people will refuse a socialist system. Aside from the hindrance the system has on the economic growth of its citizens, other countries won't accept a socialist system. Even though some corrupt and dictatorial governments in Africa might buy into it, the people would refuse it.

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The Fed interest rate remains high, which is not good for the investment climate but good for taking a hold on inflation. There are worries of US entering a recession if the rate does not get changed. But from the news it seems likely that we can expect a small cut in September, and then the rate will remain unchanged till the end of the year. In that case, I think recession will be avoided, and the markets will stabilize. As for the dollar, it seems to be doing okay, and I see no sign of collapse. All currencies collapse eventually and are replaced with something new. But that seems unlikely in the near future, especially with the USD.

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Quote from: Marvell1 on August 07, 2024, 08:57:04 AM

I'm not saying China and the Yuan will replace the dominance of the US and the USD, I'm just saying that at this stage they are the most formidable opponent of the US.

Like I said, nothing lasts forever and USD is no exception, but it will take much longer for there to be a real alternative to USD dominance.

The USD is not collapsing but weakening and the rise of BRICS is proof of that as they are gradually getting rid of their dependence on the USD and that process is still accelerating.

Just because we are living in a time of USD dominance and we think it is too strong to defeat. But if you look back at history, currencies like the British pound have had similar assessments. At that time no one thought that the British pound would lose its dominance until the USD successfully overthrew the British pound.

While I do agree that nothing will last forever, just because China is big, doesn't make them a formidable competition, because they are usually not good at it neither. Remember, that's a communist dictatorship, so fighting against a liberal capitalist nation would not be easy for them at all. One mistake from the ruler, and they are done and shitty, which did happen very recently with real estate issue, they spent insane amount of money on real estate to build the nation from ground up, but forgot that nobody has money to buy all that many houses, which caused them to have a ton of bankrupted hug companies.

Not that USA is great, I am not here to defend what USA is doing, I am not here to defend USD neither, any proper nation that is managed well would pass USD, that's not my point. I am just saying China is no better than USA when it comes to stupidity, they are equally stupid, but the problem with the world is that we have too many stupid people ruling every nation, when you look at presidents and dictators of many nations, you see that they are so bad that it looks as if they are intentionally ruining the nation, it would require wilful ignorance to be this bad and yet they are still doing it.

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Quote from: shinratensei_ on August 07, 2024, 08:52:15 PM

I personally won't exchange my USD to gold out of the blue just because some random speculation like this though.

It is just speculations, one that quite a lot of people believe in, the argument is that the British pounds was once toppled by the U.S dollar to become the world's reserve currency, and so that could also happen to the U.S. dollar. There is no doubt that we cannot predict the future, but some of these speculations is just a reflecting of people's wishes, the U.S economy and its currency remains the strongest right now, and talks of it weakening is just blown out of proportion.

Take for example, people keep preaching of the U.S dollar collapsing, yet many of them convert their local currencies or cryptocurrencies to U.S dollar backed stable coins whenever the market is down, many governments are also dollarizing their economy. There is no sign of the weakness people are talking about.

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Quote from: WillyAp on August 07, 2024, 09:21:03 AM

While the financial online world reports about the strong dollar and paints a harsh picture on its effects for mostly non dollarized countries.
Here in Bitcointalk people fantasize about its collapse.

Bitcoin and all other crypto could not exist without the $.

https://www.reuters.com/breakingviews/world-can-survive-strong-dollar-now-2024-05-13/
https://www.ft.com/content/3a985f06-35b5-4a56-91eb-4595fc71b0ad

How is USD strengthening? When more and more countries want to join BRICS and as far as I know, there are more than 40 countries waiting to join the bloc.

I do not deny that the USD is still dominating our economy, but you also cannot deny that the idea of de-dollarization is no longer an idea on paper but is being urgently implemented. Sooner or later the USD's market share will decline and that is inevitable even when the US is trying to find ways to maintain its dominance.
De-dollarization in BRICS is still slowly and surely rolling out, and what will happen when they completely remove USD from payments within the bloc? You should not ignore this news and pretend that de-dollarization never happened or that it has stopped.

https://watcher.guru/news/brics-bridge-to-replace-swift-end-dependency-on-us-dollar

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Quote from: Nwada001 on August 07, 2024, 05:56:37 PM

Quote from: Morr1s on August 05, 2024, 08:57:38 AM

I don't believe in the collapse of the dollar and the end of the US, it's just fud, as usual, which is now just pouring in at a high rate. We are definitely going to see big changes, especially looking at the situation with the way the government has stepped in to regulate cryptocurrencies.

Was crypto currency a problem for the US economy before? I don't see how crypto currency has in any way affected their economy; monetary policy and other financial decisions are things they need to tackle in order for them to fix whatever might be wrong with their system and not attack crypto currency, shifting the blame to where there is none.

The total capitalization of the entire cryptocurrency industry is just over 2 trillion while the GDP of the United States is almost 26 trillion per year. It would be naive to say that cryptocurrency is having a positive impact or that it will become a key factor in helping the United States maintain its position.

Although we are cryptocurrency investors and what we always want is for it to get noticed or become big enough to impact the world economy. But we should be realistic that that stage has not happened yet and we have a long way to go to get there. It's sad to see that many people are quite delusional when they think that cryptocurrency can help a country eliminate poverty, reduce unemployment...Or will it help a great power maintain its dominant position.

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Quote from: Alpha Marine on August 06, 2024, 03:38:42 PM

Quote from: Marvell1 on July 31, 2024, 09:20:04 AM

It can be said that the most formidable opponent of the US up to now is only China and they are also one of the three founding members of BRICS. But as I said, it will be a long road ahead for those who want to overthrow the United States.

When it comes to currency, I don't see China taking over from the US anytime soon, not even in a hundred years. The dollar is so much recognized at the international level to an extent that everything is measured in dollars. For a currency to top that it has a lot to do and the Chinese Yuan is doing that
People keep saying the US dollar is collapsing and the Chinese yuan will take over from it, but if the US dollar is truly collapsing as much as they say, the Yuan should have been appreciating against the dollar, but that's not the case. Which means the dollar collapse is exaggerated or both currencies are unstable.
People talk like the Chinese economy doesn't have problems of its own like only the US economy has troubles.

China will not take over unless they drastically alter their stance on communism vs capitalism.

So maybe they will greatly change that above.⬆️

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I doubt it will, although people keep talking about the debt, but USD is the most trustable currency as far as I know that's recognized by the entire earth.

USD won't collapse and I think people are hyperbolic about the current situation. the speculation that you've heard at the end of the day are just random speculation, not even worth mentioning since the speculator I think also have no idea.
some big investing company are selling stocks right now and convert their wealth to dollar because they know better.

I personally won't exchange my USD to gold out of the blue just because some random speculation like this though.

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Quote from: Coyster on August 05, 2024, 09:50:15 AM

Quote from: Shortmaster on July 31, 2024, 08:19:39 AM

When dollar collapse ?
I keep seeing on Youtube and from experts the dooms day for USA and dollar ?

Experts or anti-USA individuals? It is all just propaganda and we have been hearing about it for a very long time, yet it is other currencies that are collapsing and other countries who are either into full or partial dollarization. The U.S is going to be the world's reserve currency for a very long time and i am also of the opinion that each and every country and their economy can develop and compete, without wishing doom on the U.S and its economy.

Absolutely right. We can’t stop other countries currencies from its huge development and take an edge over US dollar, that’s beyond US control. However, let’s not jump into conclusion that since other currencies are consistently increasing its own value and worth, the US dollar will now come to an end. Of course, it won’t be as easy as that. And if ever that happens, surely US has already prepared a back-up plan for their own currency so that they won’t see it doomed and suddenly lost its value unreasonably.

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What? experts from youtube and doomsday? They're all for the clout and content and don't believe everything you say. But let's say that it is very visible that the dollar is going to collapse soon. I don't think that it will happen on an instant, the signs are probably there but it won't happen on the same day as what they're saying. And if you're asking when it is going to actually collapsed, no one knows.

All we know is that the entire world is being controlled by the banks and the FEDs that keeps on adjusting the rates so that they can at least contain the inflation rates. But are they going to keep on doing this and that's what they see as the solution to control the inflation rates? Because whatever and however they keep on doing that, that's just a temporary solution. All of these rumors of wars, oil cuts in supply and everything that's related to global issue is what makes the fall of one and the other.

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Quote from: Morr1s on August 05, 2024, 08:57:38 AM

I don't believe in the collapse of the dollar and the end of the US, it's just fud, as usual, which is now just pouring in at a high rate. We are definitely going to see big changes, especially looking at the situation with the way the government has stepped in to regulate cryptocurrencies.

Was crypto currency a problem for the US economy before? I don't see how crypto currency has in any way affected their economy; monetary policy and other financial decisions are things they need to tackle in order for them to fix whatever might be wrong with their system and not attack crypto currency, shifting the blame to where there is none.

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