Topic: US Dollar Collapsing (Read 2025 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.

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.

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.

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.

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

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.

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.

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. 

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.

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 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.

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.  

"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

If more countries try to dump his dollar for gold Or make de-dollarization it will make the dollar collapse.

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.

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

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.

It's already worrying that this consensus exists.
But it's logical. US dollar IS completely empty currency.
There is nothing backing it up apart from USA military power in fact...

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.
 

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^

http://didthesystemcollapse.com/ Read the top right corner "what is happening" or for those too lazy:

Real money is Gold and Silver. Paper money only started having value because it used to be backed by gold several decades ago. Now it's backed by nothing except mass delusion and geopolitics.

Since the 2008 economic collapse, central banks around the world have overdosed on financial stimulus and printing money out of thin air. They have artificially suppressed the prices of gold and silver to keep the dollar delusion going.

On April 19th 2016, China locked in the dollar's death by launching their own gold price fix. For the first time in modern history there are now two prices of gold, one in the Chinese yuan and the other in the dying dollar.

If the West were to raise the price of gold, it would kill the dollar completely as it would prematurely instigate the inevitable mother of all safe haven panics.

If the East were to raise the price of gold, it would drain the West's gold reserves due to arbitrage. This would expose the West's fake gold market and kill the dollar. Doing this prematurely means the East could no longer buy gold for themselves at heavily undervalued prices for their post-collapse monetary dominance.

The eventual endgame is that the price of gold skyrockets and the dollar permanently collapses along with the global banking system and modern society as we know it. Black Friday will be everyday as the masses murder each other for a peach pit. This is sure to happen anytime between now and the end of 2018.

Don't believe it? We'll find out soon.

The Chinese are buying gold and silver like crazy. Google it. The Chinese are dumping American treasuries. Google it. The Chinese own 60% of the world's mining power. Google it. Add it add together and red flags should be going off for you all over the place. The US Dollar is collapsing. Hell google that too. Get the hell out of altcoins. We're already seeing what extreme spikes do to the price of altcoins, right? What happens when that spike goes to $2000? $2500? $5000? You can come back to altcoins after the spike. The bottom line is Bitcoin is your safe haven. Stay there.