Topic: So dollar collapse ? - page 4. (Read 667 times)

+1 but not enough merit to give some merit points.

Those people you see both in YouTube and Instagram are not actual professional within the science of economics, and even if they were, the most of the time it is just speculation based on the side of the debt of the United States, when compared to their wealth production or the political situation within the country.
It is true that the USD, being a FiAt currency, it was the value people assume it has, it is all about trust on the USA government to pay their debts, and so far they have not been stupid enough to mess up with their monetary reputation, hence why they continue to increase their debt ceiling, so they can pay their benefactors.

Don't get me wrong, a fall from grace of the United States Dollar is possible, but unlikely and it would not only harm the residents of the USA, by the way, it would easily start a worldwide crisis in most of the developed nations.

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

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.

When you hear about or listen to the videos that says that the US economy will collapse and the US dollar will collapse with it, that does not mean that you will wake up one day and you will find the dollar collapsed. This is not how things are going to happen.

Yes the US dollar will be under a lot of pressure in coming days but the US government will make each and every step to strengthen  the dollar and this thing is not going to happen overnight.  Even if we think that this will happen someday it may take a even a decade from today so do not expect things to happen overnight.

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.

quote]When I checked on the internet statistics provided shows that the United States of America is still in the number one position as country with one of the largest economy in the world despite the collapse of the value of the US dollar.  Quite alright.

But then, there are substantial economic matters arising gradually or rather sharply which if not sustainably tackled could lead to the reality of what the conspiracy theories (as you had called it) are envisaging about the US economy and it's currency.
There was a time a bloc known as the BRICS wasn't in existence but now they are and are somehow waxing strong in number and if for anything at least they can't be disregarded as not a threat to the future of the US dollar.

It’s extremely unlikely that the USD collapses any time soon. I mean don’t get me wrong, inflation will continue to tear through our purchasing power, US debt will continue to spiral out of control. They will continue to put a plaster over the bullet hold though. You have a get out though to protect your wealth, buy & continue to buy Bitcoin.

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.

The dollar has become the world's currency. Almost all trades are measured in dollars including pairs with cryptocurrencies. Well maybe because of the influence of the economy it is the reason why the USD is used as the world's trade currency. When will the dollar crash, there is a time that can be explained theoretically through videos or text.
I think that the various thoughts of world economic experts make the competition in that field emerge like BRICS for the global economy.
It's all been arranged.

What kind of turbulence is the U.S economy going through? I hear so many people talking about this same turbulence, yet the U.S. economy remains the largest/strongest in the world. Meanwhile, it is the economies of so many countries around the world that is going through the turbulence you talk of, yet it seems everyone forgets about that, to wish/predict doom for the U.S and its economy.

It can be said that nothing lasts forever, including American domination. In the past, they defeated another force to dominate the world over the past 100 years, so it was only a matter of time before another country defeated them. But even if that happens, the USD will not disappear completely, it will weaken and no longer be the world's dominant currency. Just like how the USD beat the British pound to dominate the world currency, and the British pound still exists today.

The collapse of the USD will not be good for the world because it will cause a global economic collapse but its weakening will be good for the world because we will have more options when fully dependent on the USD.

While it’s possible for US dollar to collapse, but for now, it’s still highly unlikely seeing the supply and demand for US dollar is still high and strong. However, with the continuous high inflation and the current high debt of US, its future collapse will never be surprising at all. People have predicted it already, unless if US dollar will find a strong back-up that will prevent this from happening.

Never look forward or wish for that to happen since economic state of the world will be affected since dollar is center on almost all trades happened globally. That's why instead of being happy for this incident happened I guess much better for people to look forward about what's possible next action to do if there will be a global crisis will happen.

But the current situation is I guess not affecting much to the people and I guess price of USD will recover soon. Although there's a little decrease of income for those who earn dollars if they convert it to local fiat but for sure everything still manageable that's why those incident didn't much create much bigger tension. But for sure Dollars still dominate even if this scenarios which dollar value declines for a while.

No currency is irreplaceable. The reason why the US dollar is generally accepted is because of the economy of the country. If the US economy faces any major problem, it is natural for the influence of dollars to decline. Currently, the US economy is going through turbulence, and the dollar might lose its power if the economy faces a major breakdown.

Take note that the issue of de-dollarization is gaining more attention than ever before, so we shouldn't be surprised to see a new currency springing up to take the market share of the dollars in the international marketplace. The next BRICS summit is in October, and I am expecting to see these nations come up with policies that will alter the current dynamics of global economic influence.

If you mean shorter-term weakening of the dollar then it'll happen later this year. However, if you mean the TOTAL collapse of the dollar then probably won't happen for a long time (decades). It's inevitable that it WILL happen due to money printing and debasement, but it will play out of a very long period of time and suddenly it will collapse as the world loses confidence in it a reserve currency.

I'm not an American but I don't look forward to seeing the collapse of the united states' dollar, if it happens it'll not affect only Americans but the whole world at large for a very long time. Most international trades are done with US dollar and the same dollar is the major currency that is used to know the values of the whole fiat currencies as far as I know. It's the US dollar that is being used to know the value of Bitcoin in fiat so if anything like collapse of the currency were to occur it'll impact negatively on the global economy and speculations for a very long time. Despite whether there's devaluation in the dollar at anytime, it remains the most stable currency to make comparison till today. Maybe another super currency can emerge in the future from a single country of from amalgamations like the BRICS nations, but as of now and in the near future, the US dollar remains the dominant fiat currency.

Well this topic has been corrupted by idiots over the past year or two. If you want pure unadulterated information you should start by finding discussions from at least 3 years ago. The time when a small minority (actual experts) were talking about it and they were being laughed at by the same idiots who claim to be an expert today talking about the same topic.
Then follow that line to what that minority is saying today.

Otherwise since this particular topic has gotten popular, every idiot on the internet who can't even spell economy has an opinion about it. Specially on Youtube where idiots who call themselves "expert" are only seeking more views on their videos.

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So what's really happening?
I'm not an expert to explain it to you and I have already talked about this too many times in this board. But to simplify I'd like to think of today as something similar to maybe 2006. The time when the signs of the corruption was apparent for anybody with eyes who knew where to look. The time when the same number of actual experts were talking about the collapse of economy and were similarly being laughed at. A collapse that happens in 2008 and we we Bitcoiners know ever well (not that I'm suggesting we are 2 years away, just that situation is the same).

In the years leading to that collapse all the numbers the same corrupt banksters and economists that still control the US economy were publishing were showing that everything was fine. They were reporting fantastic returns and every single statistic was manipulated to reflect that. And yet nothing was truly fine and under the hood the collapse was happening slowly so the final catastrophic collapse came nonetheless in 2008-ish.

It is not something that can be predicted like this because there are a lot of factors to consider and they are changing every day. Also it is not the dollar that is collapsing, it is the US economy and also dollar or the USA won't "end" it will get weaker.
How much weaker? Impossible to predict.
When? Impossible to predict.
What is the level of catastrophe? Impossible to predict.

It all could be from something similar to the 2008 collapse all the way to dissolution of US similar to what happened to USSR. When USSR was dissolved, Russia didn't "end" nor did the Ruble or the economy of any of the members of the Union.

The Dollar value is not that much in declination.
https://www.statista.com/statistics/1404145/us-dollar-index-historical-chart/

Funny enough the author of the paranoia is already hinting from where he gets his info: YouTube.
 

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.