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Topic: US Dollar collapse in 2015? (2) - page 9. (Read 11773 times)

hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
April 13, 2015, 08:16:48 AM
#25
As long as people use USD to measure value, it won't collapse. And so far people have no better alternative. A standard unit of value must come from powerful authority, just like meter, second, kilogram or IP address

Meter and second are neutral properties where the standard-maker has no way to abuse his power.  Money is also a standard, but the issuer has the power to abuse his position.

BTW, abuse of money is thousands of years old.  Even in the days of gold and silver, Kings and Caesars would coin metal and stamp it with an inflated value compared to the value of the underlying metal.  Sometimes this "seigniorage" was huge, depending on the current fiscal or political situation.

Historically, every human-imposed monetary standard has failed to maintain the purchasing power of the standard's unit of value.  The unique thing about bitcoin is that human creation of the money is limited by the system.
legendary
Activity: 1596
Merit: 1005
★Nitrogensports.eu★
April 12, 2015, 08:29:02 PM
#24
The bigger the bubble, the longer it takes to collapse.  China's paper currency lasted centuries before the Ming Dynasty gave up and went to physical silver.  Dutch Golden Age paper money and debt lasted for almost two centuries.  The pound dominated the world for about 100 years and was able to enjoy (with US help) a controlled descent from over $4 per pound sterling to $1.5 over a hundred years.  The dollar has had a hundred years of global hegemon status.

We know that there are far more dollars and Treasuries out there than the US economy can ever redeem with goods and services, at today's prices.  At the same time, we know the dollar has been and will be propped up by US financial, political and military maneuvers.

The very nature of this game is uncertainty.  Financial fragility is always advertised as "stable", until it isn't.  When confidence changes, things change very fast.  If anyone knew for sure which way things will go, that person could make a lot of money.

Even the final stage of a bubble this big could outlast a lifetime.  Or it could collapse tomorrow due to a seemingly small event.
Great post. It is precisely like you said. Apart from bubble in our bitcoin world. We had our bubble in 2013 and it collapsed instantaneously. Of course there is no way I can compare currency of such magnitude as Dollar is to bitcoin which is experimental cryptocurrency in its infancy stage. I just think that dollar is strong and we won't see it collapsing in our lifetime, hopefully.
legendary
Activity: 1988
Merit: 1012
Beyond Imagination
April 12, 2015, 06:13:44 PM
#23
As long as people use USD to measure value, it won't collapse. And so far people have no better alternative. A standard unit of value must come from powerful authority, just like meter, second, kilogram or IP address
hero member
Activity: 2128
Merit: 655
Leading Crypto Sports Betting & Casino Platform
April 12, 2015, 04:51:13 PM
#22
The bigger the bubble, the longer it takes to collapse.  China's paper currency lasted centuries before the Ming Dynasty gave up and went to physical silver.  Dutch Golden Age paper money and debt lasted for almost two centuries.  The pound dominated the world for about 100 years and was able to enjoy (with US help) a controlled descent from over $4 per pound sterling to $1.5 over a hundred years.  The dollar has had a hundred years of global hegemon status.

We know that there are far more dollars and Treasuries out there than the US economy can ever redeem with goods and services, at today's prices.  At the same time, we know the dollar has been and will be propped up by US financial, political and military maneuvers.

The very nature of this game is uncertainty.  Financial fragility is always advertised as "stable", until it isn't.  When confidence changes, things change very fast.  If anyone knew for sure which way things will go, that person could make a lot of money.

Even the final stage of a bubble this big could outlast a lifetime.  Or it could collapse tomorrow due to a seemingly small event.
legendary
Activity: 2786
Merit: 1031
April 12, 2015, 04:03:44 PM
#21
There's one thing in common between all the 'prophets of the apocalypse', besides the stuff they're selling of course, it's the fact that they are always wrong. Smiley
sr. member
Activity: 1148
Merit: 252
Undeads.com - P2E Runner Game
April 12, 2015, 03:58:35 PM
#20
WTF are you talking about guys, there will be no DOLLAR "COLLAPSE"

It will not be a collapse, it will be hyperinflation, you dont seriously think that their government will default on all that debt?

They will print it away, and prices will rise madly, it will be hyperinflated!
full member
Activity: 280
Merit: 100
April 12, 2015, 01:59:12 PM
#19
Late 2016 is when it will fall

before or after new elections
sr. member
Activity: 379
Merit: 250
April 12, 2015, 10:21:55 AM
#18
Late 2016 is when it will fall
hero member
Activity: 770
Merit: 509
April 12, 2015, 10:05:36 AM
#17
Of course rt.com (linked in the OP) would like to see the collapse of the US Dollar.

I don't see it happening any time soon.
Lol russia today has been paying Max Keiser, Stacy and friends to create this feeling of impending doom. While I believe a crash in the long run is unevitable, they've been saying its "imminent" for ages now.
legendary
Activity: 1554
Merit: 1021
April 12, 2015, 07:24:34 AM
#16
Of course rt.com (linked in the OP) would like to see the collapse of the US Dollar.

I don't see it happening any time soon.
legendary
Activity: 2590
Merit: 3015
Welt Am Draht
April 12, 2015, 07:11:12 AM
#15
Fantasizing about dollar collapse is a nice little cottage industry for people who'd otherwise be causing trouble on street corners. It seems like a shame to deny everyone their harmless fun.
sr. member
Activity: 490
Merit: 250
April 12, 2015, 05:12:07 AM
#14
I don't  think that the US dollar will collapse in 2015, it really looks stable at the moment and will probably surpass euro within 6 months. Although it will probably collapse within a decade because the federal reserve just prints money in hope to stabilize the US dollar, and in longterm that would be terrible.
hero member
Activity: 699
Merit: 501
April 12, 2015, 04:16:52 AM
#13
2015 is too early the yuan has not been accepted as a reserve currency yet. Hopefully 2025
legendary
Activity: 1722
Merit: 1000
Satoshi is rolling in his grave. #bitcoin
April 11, 2015, 10:47:06 PM
#12
There will be no US dollar collapse in 2015 or any year in near future for that matter, and the reason is simple; all fiat currencies are the same, they all loose value eventualy,
some sooner , some later, and asides from higher power infuences, there will always be value to each fiat.
Theese doomsday stories are milked dry, for what purpuse are they made is beyond me.

cheers
hero member
Activity: 672
Merit: 503
April 11, 2015, 03:57:42 PM
#11
it's not going to collapse in the comming 50 years as it will affact the entire world when something happens with the us dollar. they will do everything to support it.
It will happen years down the line, but it will happen, the question is when.
The United States had a currency before the US Dollar called the Greenback. It's dead and gone. Worth nothing.
sr. member
Activity: 406
Merit: 250
April 11, 2015, 10:11:51 PM
#11
This is just doomsayer stuff as usual. There will be a day of reckoning to be sure but nothing quite so imminent. I actually think the strengthening of the dollar might bite the US though. As the dollar gains value that national debt gets heavier and heavier.
Q7
sr. member
Activity: 448
Merit: 250
April 11, 2015, 09:23:27 PM
#10
Well, I have reading the same topic predicting a collapse ever since the subprime mortgage crisis in 2007 and right now,the dollar is still holding on strong and pounding euro and other currencies along the way. Whether it will crash to oblivion remains a question but I don't see it happening for now, at least for this year as the dollar index already speaks for itself.
legendary
Activity: 1022
Merit: 1000
April 11, 2015, 03:00:56 PM
#9
The SDR pie chart actually shows more of a euro collapse than a USD one.  The US has issues but no way they hit this year, USD even up so far this year.

I do agree with BobK71 that the aftermath of the 2008 crisis has not been solved.  Shadow banking is still a big issue and the people who were in charge then are effectively still in control now, with a couple of exceptions.  But even that didn't threaten the USD.
legendary
Activity: 1148
Merit: 1014
In Satoshi I Trust
April 11, 2015, 10:37:48 AM
#8


no collapse but the world will shift slowly to other currencies.
legendary
Activity: 896
Merit: 1000
April 11, 2015, 09:24:34 AM
#7
it's not going to collapse in the comming 50 years as it will affact the entire world when something happens with the us dollar. they will do everything to support it.
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