It may have taken more than a decade for the dollar to actually collapse.
But I think everyone knew it would happen eventually, with how broken the united states political system is, and how fiercely determined american politicians (and the international bankers pulling their strings) have been to overspend their way to oblivion and doom.
The only real questions are, what do we do when we reach that point and whether or not we're able to fix things.
Topic: US Dollar Collapsing - page 2. (Read 2012 times)
It's kind of funny really, I like to read threads that get overly dramatic when they see the price of the USD devalue a little bit. People been saying that the USD was going to drop to nothing of value for years and yet nothing really happened all this time. Now that there is Bitcoin, there should be a larger chance of people exiting USD so they could get rich with Bitcoin though only a few people realize how much money they can make with it and they end up getting USD for it.
Well, there are a lot of legitimate reasons to be concerned when it comes to a world reserve currency slipping, especially when it is a fiat currency and has nothing backing it (although slides are to be expected under such conditions).While a lot of people have said that the USD will become worth $0, most of them are just cons-men who are looking to sell their own product and get money for it. A currency never has to hit $0 for it to be replaced by something else. All that has to happen is for there to be a legitimate competitor with something of more value than the original.
The bigger the bubble the longer it takes to pop, dollar is over century old, it could last for more than 50 years IMO.
I don't know how far we are already and if entered the period of 'prolonged bubble' or not.
We need to remember that the financial elite will do everything in its power to prevent a total collapse of this economic system based on illusion they created.
What will happen if people realize finally that the system is broken? War? Hyperinflation? I guess that we will see global economic crisis like never before.
I also recommend this thread, A Brief History of Modern Money: https://bitcointalksearch.org/topic/a-brief-history-of-modern-money-1314385
Chances are we're going to see the system "collapse" and then start again, like it has every other time throughout history. Just like the pound before it, the USD will rule for ~100 years and will then be replaced, like every other reserve currency that has ever existed.I don't know how far we are already and if entered the period of 'prolonged bubble' or not.
We need to remember that the financial elite will do everything in its power to prevent a total collapse of this economic system based on illusion they created.
What will happen if people realize finally that the system is broken? War? Hyperinflation? I guess that we will see global economic crisis like never before.
I also recommend this thread, A Brief History of Modern Money: https://bitcointalksearch.org/topic/a-brief-history-of-modern-money-1314385
As for what will happen, chances are we will see war like every other time throughout world history.
The fact of the matter is that the US is the world's only superpower and can quite literally curb stomp anyone trying to provoke something. Every other country is a global power (Britain, although I personally think they're more a regional power) or a regional power. The US losing its top position means that everyone can now fight each other since they're all on equal footing, more or less.
The USD is <60 years from the longest world reserve currency lifespan, and it looks to be accelerating to its death.
The bigger the bubble the longer it takes to pop, dollar is over century old, it could last for more than 50 years IMO.
I don't know how far we are already and if entered the period of 'prolonged bubble' or not.
We need to remember that the financial elite will do everything in its power to prevent a total collapse of this economic system based on illusion they created.
What will happen if people realize finally that the system is broken? War? Hyperinflation? I guess that we will see global economic crisis like never before.
I also recommend this thread, A Brief History of Modern Money: https://bitcointalksearch.org/topic/a-brief-history-of-modern-money-1314385
I don't know how far we are already and if entered the period of 'prolonged bubble' or not.
We need to remember that the financial elite will do everything in its power to prevent a total collapse of this economic system based on illusion they created.
What will happen if people realize finally that the system is broken? War? Hyperinflation? I guess that we will see global economic crisis like never before.
I also recommend this thread, A Brief History of Modern Money: https://bitcointalksearch.org/topic/a-brief-history-of-modern-money-1314385
The dollar should be at the verge of collapse if past performance of other reserve currencies are of any help. According to this graph here i've seen posted around:
The dollar should collapse within the next few decades.
People lose track of the life expectancy of the reserve currencies because they are born within them and they never realize the average is 100 years.
The dollar should collapse within the next few decades.
People lose track of the life expectancy of the reserve currencies because they are born within them and they never realize the average is 100 years.
The graph is very nice, because it puts things into perspective (I've seen it before). However it seems a bit premature to conclude that the US-Dollar is collapsing just because its "historically allocated" time as a reserve currency is coming to an end. After all, it's fundamentals that lead to the collapse.
But if we look at the fundamental factors that constitute the USD reserve currency status, there's indeed clear evidence of a shift of power.
This evidence however doesn't point to Bitcoin (yet). It points to the East (China + Russia). If (and at what time) Bitcoin can attain reserve currency status remains an entirely open question.
If that is the case then I'm putting all my money into bitcoins immediately. Well no way, how is that possible just on the basis of gold prices? If Chinese having different gold prices then why would it bother US dollar prices. US has its own gold and bitcoin will rely on it for its share price. What I understand from your statement us you want say Chinese hold more bitcoin than rest world, but why will it bother to US prices. These are completely two different things. And anyway more bitcoins are being mined everyday then why to risk it with US dollar prices. 
The fact is that it is not necessary to keep everything in dollar equivalent, even Bitcoin can serve in more expensive and more stable, risk-free products or movable or immovable property. 
The dollar should be at the verge of collapse if past performance of other reserve currencies are of any help. According to this graph here i've seen posted around:
The dollar should collapse within the next few decades.
People lose track of the life expectancy of the reserve currencies because they are born within them and they never realize the average is 100 years.
The dollar should collapse within the next few decades.
People lose track of the life expectancy of the reserve currencies because they are born within them and they never realize the average is 100 years.
I wouldn't be very worried about such charts or graphs
Almost every change in the world currency was due to a big war. For example, the British pound started to lose its dominance during WWI since British Empire had been heavily involved in the warfare and had to borrow from the US which didn't (actively) participate in armed clashes. Uncle Sam had become a major creditor to the belligerent nations, so it shouldn't be surprising at all that the US dollar was promoted to global leadership after the war had ended. So the duration of the global currencies' lifetimes as such is not very meaningful if taken out of context in respect to events that preceded their fall and rise
If that is the case then I'm putting all my money into bitcoins immediately. Well no way, how is that possible just on the basis of gold prices? If Chinese having different gold prices then why would it bother US dollar prices. US has its own gold and bitcoin will rely on it for its share price. What I understand from your statement us you want say Chinese hold more bitcoin than rest world, but why will it bother to US prices. These are completely two different things. And anyway more bitcoins are being mined everyday then why to risk it with US dollar prices.
"The rumors of my death are greatly exaggerated"
I've been hearing about the imminent collapse of the American dollar for at least fifteen years already, but the greenback is still alive and kicking somehow. Apart from that, why would the Chinese want to undermine the dollar when they would be better off if it actually strengthened? After all, the US is the largest trading partner of China, to which markets they export most of their exports, so they are interested in a weak Yuan and a strong dollar and not the other way round
Indeed but you can see on its behaviour that its getting more and more aggressive.
I think of the USA a bit like a bear trapped and who knows he's going to die. So he tries everything he can to kill the hunters, but is doomed to fail.
The US government should start buying Bitcoin while it is still relatively cheap and then hoard it for a few years. In the near future people will use the US Dollar to wipe their ass and use toilet paper as a currency at the rate at which the dollar is losing it's value.
The Chinese has become the economic capital of the world, while the US has become the military giant built on huge debt. Let's see if Trump can turn this around and rescue the US Dollar and the US economy. ^hmf^
The Chinese has become the economic capital of the world, while the US has become the military giant built on huge debt. Let's see if Trump can turn this around and rescue the US Dollar and the US economy. ^hmf^
this could be a nice strategy if they are planning later to distribute it to the people and control the market with that big amount, otherwise they are only increase the value for the dumpers, i don't agree about altcoin not being a good bet with what the thread started said, altcoin are a good safe heaven side to side with bitcoin, and are good to have for increase your bitcoin amount, some of them maybe will be a big competitor of bitcoin in the future, diversification is the key here
I will buy bitcoins and ETH instead of Gold or silver if US Dollar collapsing but I think this problem is quite hard to happen in this world.
The US of America are controlling this situation and it will not happen as the year of 2008.
The US of America are controlling this situation and it will not happen as the year of 2008.
The dollar should be at the verge of collapse if past performance of other reserve currencies are of any help. According to this graph here i've seen posted around:
The dollar should collapse within the next few decades.
People lose track of the life expectancy of the reserve currencies because they are born within them and they never realize the average is 100 years.
The dollar should collapse within the next few decades.
People lose track of the life expectancy of the reserve currencies because they are born within them and they never realize the average is 100 years.
Stories about US dollar on the verge of collapse repeat every few years, especially around debt level talks and once they might even come true. But it is the same situation as with any other currency (including Bitcoin), it is dependant on trust. If USA for whatever reason will not be able to refinance their debts, read: if the other countries stop showing their money into treasuries every month, then USA would have a huge problem. Especially this time around with continuing current account deficit and elevated debt levels. However until this change of trust happens (could never happen) dollar is safe as sound, no more or less like bitcoin.
There seems to be a growing and global consensus that soon the mighty American Dollar would collapse and be replaced as the global currency used in trading and transactions. The value of the dollar is really artificially pushed because as of now there is a demand for it worldwide being the official currency for commerce.
China is now undermining the dollar and soon together with Europe it can be clobbering the dollar and that would be the demise of the American supremacy in the global order in terms of economy and politics.
A new world order is coming. When USA will wane and its influence is negligible there would be a struggle as to its replacement. Countries like China, Russia, Euro and yes even Iran would be fighting to replace the vacuum.
Bitcoin can have a pivotal role to protect the people as the world is experiencing some purges
China is now undermining the dollar and soon together with Europe it can be clobbering the dollar and that would be the demise of the American supremacy in the global order in terms of economy and politics.
A new world order is coming. When USA will wane and its influence is negligible there would be a struggle as to its replacement. Countries like China, Russia, Euro and yes even Iran would be fighting to replace the vacuum.
Bitcoin can have a pivotal role to protect the people as the world is experiencing some purges
"The rumors of my death have been greatly exaggerated"
I've been hearing about the imminent collapse of the American dollar for at least fifteen years already, but the greenback is still alive and kicking somehow. Apart from that, why would the Chinese want to undermine the dollar when they would be better off if it actually strengthened? After all, the US is the largest trading partner of China, to which markets they export most of their exports, so they are interested in a weak Yuan and a strong dollar and not the other way round
Let's have some new news. The US dollar has apparently been collapsing for decades. They will only let it die when it suits them.
Not really the US dollar is in the collapse. The value drop has taken place when it's been exchanged with other currencies such as the Euro, CAD or other currencies. If USD collapse we can see a major collapse in the world market.Two big countries such as china and russian already done it. Dump all of his dollars for gold and Russia try to use a swift system and leaving the bank domination. The domination of dollar to another currency will be less.
Let's have some new news. The US dollar has apparently been collapsing for decades. They will only let it die when it suits them.
Not really the US dollar is in the collapse. The value drop has taken place when it's been exchanged with other currencies such as the Euro, CAD or other currencies. If USD collapse we can see a major collapse in the world market.
The US dollar or any other currency of the world have faced one challenge or the other towards its part to evolution and various policies have been implemented in other to control this issues from falling out of place. But the issue is that, its true the value of currency will drop but its not really a bad thing because even for an economy to grow in an healthy way, there should be mild inflation which means the value of the currency will drop but the problem is always at what percentage in which I believe the dollar is doing quite well compared to other currencies of the world.
US dollar not collaps
only with pair euro , US dollar is down value, with another curency, NZD, AUD still strong
iam keep dollar in forex trading and still profit
only with pair euro , US dollar is down value, with another curency, NZD, AUD still strong
iam keep dollar in forex trading and still profit
Let's have some new news. The US dollar has apparently been collapsing for decades. They will only let it die when it suits them.
Chineese are too heavily invested into the Usa economy to drop it so easily. They might drop some just to play with US and to manipulate their behaviour.
Another reason the Chineese won't drown the US is the military power of the US. The sittuation will in my opinion just stalemate. Both sides have too much too lose and both need eachother. Both sides will just try to get a better position over the other. Thats the reason nehind all of the USA foreign policy including the policies against Syria, Iran and North Korea recently.
Another reason the Chineese won't drown the US is the military power of the US. The sittuation will in my opinion just stalemate. Both sides have too much too lose and both need eachother. Both sides will just try to get a better position over the other. Thats the reason nehind all of the USA foreign policy including the policies against Syria, Iran and North Korea recently.
Jump to: