Topic: US Dollar Collapsing (Read 2022 times)

It seems everything I am reading her is all about the Chinese these and the Chinese that and how they are controlling the financial mainstream of the world. I admit that the Dollars might be having an issue but to me, its largely exaggerated by this write up. Chinese Yuan is just struggling to dislocate the dollar from the position it had occupied over the years which is not a simple thing to do at least not in the short term. Aside that, I dont see a functioning United States Government relaxing at the background and allowing another currency take its place knowing fully well that when that happens then its political power inadvertently diminishes as well.

You seem to be mostly cherry-picking here

While I certainly agree that Russia probably has more advanced weapons in certain fields, for example, it does have a 5th generation fighter (and look how its wings are similar to F-22's) as well as the only series-produced 4th generation main battle tank (while the US military doesn't), but this is not about military as such and not about Russia at all. The political system of the US is by far more robust, persistent and resilient than those of most other countries (including Russia, with its "eternal" Putin and his pet-boy or pet-toy prime-minister Medvedev), and this becomes evident especially in times like nowadays when even a (purportedly) rogue president can do nothing to dismantle or destroy it (this clearly shows its strength). Just in case, I'm far from idealizing the US or the so-called American way of life, but I have to face the facts (and cut the crap)
 

Today US dollar have not collapsed but it is possible to collapse sooner or later. The situation of United States in terms of economy is quite troublesome aside from a number of trillions in debt they are printing more US dollars more than the gold reserves they have in stock. If somehow China can make the monopoly of Gold and they will be successful and the United States will buy it from China in a very expensive price then the authors claim about the crash of dollars will come into fruition.

Correct and i think us dollar or fiat will not ever collapsing it is decentralize currency which can be used by all people in the country like usa.
Dollar will remain as powerful fiat in this word because it depends on the economy of usa which is very progressive country.

On my own opinion I think US dollar were not collapsing it was fluctuating because some coins or money in the market were still raised up that's why US dollar were bringing down. Moreover USD were takes a decades before collapsing

well sadly I think your point is very much possible in a really short amount of time. although i can agree that the dollar right now is quite stable considering the situation that we're having politically and with the issues internationally. hopefully it can sustain though as a crash of the dollar will not only affect america but pretty much the whole world

There are a lot more factors to a dollar than just an economy and how good it looks on the outside.

While I'm not going to say that the US is in a state of collapse and everything is just going to be getting worse, it really is starting to dramatically degrade on the inside and there are a lot of divisions within that country that can escalate very quickly if people start to shove. If something like that happens, everyone takes a brutal hit and the US Dollar won't be viewed as strong if their citizens start fighting each other in the streets. Opens up a lot of other doors for things to happen.

It's not going to happen before 2018. The US economy is actually doing quite well right now. I could see it happening eventually but I think you are safe with your fiat for a good while. These banks have a lot of fight in them and they're gonna do whatever it takes to keep things afloat. Greed is a powerful force.

A great example of Russian propaganda. Only really the US economy is several tens of times more than Russia. The Americans are flying 5th generation aircraft, and the Russians have only 4 generation. Russian higher education cannot compete with American. All the rich Russians prefer to be treated in America and not in Russia. And goes on and on.

The value of the dollar depends on its trading on the open market.

When the US wages war in the middle east at a cost of $6.5 trillion dollars.

The $6.5 trillion represents time(in worked man hours), wealth and productivity of the united states.

Spending $6.5 trillion without producing tangible positive gains, is like lighting a big mountain of money on fire, like the Joker in the Dark Knight.

One might say the dollar is collapsing as large sums of it are being destroyed without producing positive tangible gains, which in turn devalues or debases the currency and decreases its value.

You have a point there but the author is speaking is not talking about the value of dollar but the gold reserves behind the US dollar. The author is implying that if Chinese can hold majority of the worlds gold then they will have dominance since they will exposed the US fake gold reserve. Another thing is that if the US will buy gold at China at a higher value the bulk of US dollar will go to China and that will make Chinese Yuan have a blast over US dollar. Either way in the long run as the author implies China will overcome USA and to be safe we must invest on bitcoin.

It's a bit early to say if it's going to collapse.I'd wait at least 1 year of Trump's administration to see how prices go.

What does the US Dollar collapse if it can reduce opinion in forex tranding?
To my knowledge only the US Dollar fell in value from other currencies.

If you think about, in relation to Bitcoin, all currencies are falling really.

It might help to talk a little about general areas where the political structure is broken.

Elon Musk's Space X budget is between 10 and 1000 times smaller than NASA's budget. Space X is constantly innovating and progressing space technology despite having a budget that is tiny in comparison to NASA's. While NASA spends many times more what Space X does without producing much in the way of postive tangible gains. This is one indication of how broken, inefficient and wasteful the US political system is.

In the US public schooling system, some schools have per student costs which are near to the cost of Harvard tuition. Another example of an broken, wasteful and inefficient state run program. Private schools in the USA are always far superior to state run public schools in terms of cost, performance and overall educational standards.

In terms of defense, the united states spends more on military funding than any country on earth. Yet, looking at recent news, it seems russia has superior military technology in some areas. One example of this is russia's new zircon hypersonic missiles which are nearing production. The united states, despite spending more than 10 times more on defense than russia, is nowhere near having hypersonic capable conventional missiles or ICBM's while russia will have both, shortly.

America's healthcare system is the most inefficient, wasteful and expensive on the planet. All of these inefficiences are not random, isolated, occurrences but rather symptoms of a broken political system.

There could be a reason why the united states military appears designed to be as fuel inefficient and expensive as possible. New US warplanes like the F-22 and F-35 have wings which are as small as possible to make them as fuel inefficient as possible. While russian warplanes typically have much larger wings and much better fuel efficiency. The same with tanks. The abrams M1 is equipped with a gas turbine which can be extremely fuel inefficient in comparison with the diesel engine other countries like russia use in their own tanks.

Is it an accident that many american industries like healthcare and products like wartime hardware are purposely built to be as inefficient and expensive as possible?

The F-35 program cost more than a trillion dollars, likely due to the political system being broken. A country like russia with a political system that is not dysfunctional could probably have built the same aircraft at a fraction of the cost.

Trump is doing some good but to fix the problems we have, we must first be willing to admit these problems exist.

That is not so easy for many.

I can agree exept cash,cash is backed by my pocket if will be crash you will know what is capital controll limited withdrawn of your money from your cards that time cash is king

I don't really think that the political system of the US is actually broken

In fact, many people around me now really talk about how robust, resilient and resistant it is after Trump has been elected the US "champion". Trump kinda seems like a random dude who managed to make it to the top somehow, but the system obviously won't let him destroy itself. We have seen his executive orders mainly ignored, courts openly defying him, and he does seem to care, after all, otherwise he would be quickly displaced if he is unpopular (which seems to be the case) or just assassinated like Kennedy by the CIA (if he were)

Well it's good but sometimes 3rd world countries have more problematic issues to prioritize.  I think one of its collapse is due to the increase of other investing infrastructures or mostly here in bitcoins. Because bitcoin is really famous more and more investors are enticed to invest in btc because of some obvious bright side that it is tax free. Probably american millionaires are also turning some of there profits in btc because of the growing amount of btc. All you need is a good investments then you can have income in time and to this date btc has the highest underground change in dollars more than others.

I do tell people from the third world countries whose currencies are being control by dollar's dominant to completely adopted bitcoin and blockchain technology as this will collapse the power of dollars over their local currency and stimulating they economic. Collapsing of dollar dominant is good for developing countries and if this has happened long time ago then I do believe now is the best time to berried it.

I was not agree with this thread, maybe US Dollar was collapsing a little bit but, in general it takes a hundred decades before US Dollar going down.