Yeah, the US is currently unstable because of the election fiasco, and I will wait and see till January 2021 before making such a verdict.
If the transition of power (if any) can be done smoothly without riots, 2021 will be just another boring year.
Remember that political stability is the key component of economic stability, including the exchange rate.
Topic: world getting ready for 2021 for final year for usa dollar i guess so - page 2. (Read 345 times)
December 03, 2020, 10:41:32 PM
December 03, 2020, 05:17:25 PM
Do not expect that the economic situation will worsen much, because in light of a pandemic that imposed interventions to reform the economy, and thus China and Russia do not carry out sabotage activities, the price of gold will not change above the $ 2,200 barrier.
A lot of money has been printed, but we need people continue to spend and move the wheel of the economy.
Enough printing must be done without disturbing the basics of investment.
We don’t know what’s going on under the table but I hope there’ll be no more war and no more major conflicts as we all fighting to survive this pandemic. Many countries printed a lot of currencies to survive and I know even if there’s a pandemic people will spend more so for sure we can recover. The vaccine is coming, so I guess this is not the end yet as we are about to recover, let’s not think for the worst things with USD. A lot of money has been printed, but we need people continue to spend and move the wheel of the economy.
Enough printing must be done without disturbing the basics of investment.
December 03, 2020, 04:51:51 PM
summary of post: sorry for fud, here's all the fud
No, the USA dollar is not on the verge of collapse and war is not inevitable. The Fed is more concerned with a total lack of inflation than inflation running above 2%. In fact, the Fed has announced its goal over the long term is to have average inflation of 2%, and since inflation has been running below that for so long, it will necessarily have to run above that in order to reach the goal of having inflation average 2%. If the dollar was in any trouble, inflation would be minimum double digits, and even then it wouldn't be extremely dangerous unless it was high double digits.
December 03, 2020, 04:33:19 PM
I don't have an economics degree and I think you should volunteer to apply for Biden's staff as an economic adviser. You seem to be worried at all with the economy which you shouldn't be and just mind yourself fleeing the inflation that's waiting for the impact of the more printed money.
if the whole fiat based currency will be affected coused of big economic chaos...then even we want to use crypto how it will be having value ?
There's no chaos but it's undeniable that the market experienced economic decline and that's been seen when oil has plummeted. And for bitcoin being tied its price with dollar, that's not going to be much affected. If dollar declines, bitcoin will simply go up. I think somebody has explained that already why it'll be like that. December 03, 2020, 03:14:34 PM
Do not expect that the economic situation will worsen much, because in light of a pandemic that imposed interventions to reform the economy, and thus China and Russia do not carry out sabotage activities, the price of gold will not change above the $ 2,200 barrier.
A lot of money has been printed, but we need people continue to spend and move the wheel of the economy.
Enough printing must be done without disturbing the basics of investment.
A lot of money has been printed, but we need people continue to spend and move the wheel of the economy.
Enough printing must be done without disturbing the basics of investment.
December 03, 2020, 02:31:23 PM
The trick might be to save dollar is Trading Deal with china.
exactly what is wrong with trading deals with China. they are ahead of the economy even in digital currencies.
but that might not be the case for US. relying on the old ways still works and war has always been good for its economy. a single war can finance its entire population, and sending unemployed citizens to a battlefield will make them employed. when Biden sits, we'll see what his plan is.
December 03, 2020, 02:30:10 PM
only thing what i dont know are....if fiat currency value are somehow connected with real life productvity...then where does the crypto value come from ? so far cryppto value are not conncted with really real life values and productivity becouse so far the crypto value are determined and counted of the fiat currency value....
if the whole fiat based currency will be affected coused of big economic chaos...then even we want to use crypto how it will be having value ?
now id like to hear comments from people who got some economic degrees
I studied Economics at university, but with a more financial background rather than macro economics. The outlook for 2021 is actually not so bad. Allmost all countries ended up in a recession in 2020 due to the pandemic, but growth rates are expected to turn postive again. The pandemic is likely being contained with the vaccines and it seems that governments prepared their hardest hit sectors for the second wave of lockdowns. Crypto currencies are definitely a good way to store value outside of the FIAT system. But to expect the USD to end in 2021 is a bit extreme in my opinion.
December 03, 2020, 02:18:48 PM
Things are just being exaggerated. Indeed there is a problem right now regarding USD but keep in mind that we are talking about a strong currency. Economic chaos? We're far from that. Economies are suffering at this moment but if you will open your eyes, there are signs of recovery and that's the most important thing to see. USD along with other fiat will exist in world market simply because it is being used in daily transactions.
The trick might be to save dollar is Trading Deal with china.
I don't think they will open any business in China even in trading these two countries are mortal enemies . Instead of your suggestion they will make other solution to make the dollar powerful again . But for now they need to focus first in the inner problem which is the covid problem in their estate. the infected and dying are high in this country, they need to solve it first before thinking their currency if they cannot solve that problem usd value is useless .
December 03, 2020, 01:44:01 PM
only thing what i dont know are....if fiat currency value are somehow connected with real life productvity...then where does the crypto value come from ? so far cryppto value are not conncted with really real life values and productivity becouse so far the crypto value are determined and counted of the fiat currency value....
if the whole fiat based currency will be affected coused of big economic chaos...then even we want to use crypto how it will be having value ?
now id like to hear comments from people who got some economic degrees
I studied Economics at university, but with a more financial background rather than macro economics. The outlook for 2021 is actually not so bad. Allmost all countries ended up in a recession in 2020 due to the pandemic, but growth rates are expected to turn postive again. The pandemic is likely being contained with the vaccines and it seems that governments prepared their hardest hit sectors for the second wave of lockdowns. Crypto currencies are definitely a good way to store value outside of the FIAT system. But to expect the USD to end in 2021 is a bit extreme in my opinion.
December 03, 2020, 01:20:38 PM
You a bit delusional if you think things like "2021 for final year for usa dollar". The dollar will be around for longer than any of us will be alive and is likely to remain the reserve currency of the world for a very long time as well. While Bitcoin is going strong and I hope it continues, it is still only a tiny fraction of the whole global population that have a daily interaction with this cryptocurrency. Every currency is just a store of value which people may be willing to trade for time or goods - that still applies to Bitcoin.
December 03, 2020, 01:02:48 PM
sorry to fud but things are not looking good and we got to be realistic
i guess we usa dollar falling means also the war
usa possible problems: 1 if fed printing more money it making dollar devalued. 2. if they dont print the economy will be going down and then the dollar.
so what is the realistic escape plan to save the usa dollar? need to be honest cant make a illusions or dreams my vision of 2021 are like venzuela the most of the world.
only thing what i dont know are....if fiat currency value are somehow connected with real life productvity...then where does the crypto value come from ? so far cryppto value are not conncted with really real life values and productivity becouse so far the crypto value are determined and counted of the fiat currency value....
if the whole fiat based currency will be affected coused of big economic chaos...then even we want to use crypto how it will be having value ?
now id like to hear comments from people who got some economic degrees
i guess we usa dollar falling means also the war
usa possible problems: 1 if fed printing more money it making dollar devalued. 2. if they dont print the economy will be going down and then the dollar.
so what is the realistic escape plan to save the usa dollar? need to be honest cant make a illusions or dreams my vision of 2021 are like venzuela the most of the world.
only thing what i dont know are....if fiat currency value are somehow connected with real life productvity...then where does the crypto value come from ? so far cryppto value are not conncted with really real life values and productivity becouse so far the crypto value are determined and counted of the fiat currency value....
if the whole fiat based currency will be affected coused of big economic chaos...then even we want to use crypto how it will be having value ?
now id like to hear comments from people who got some economic degrees
More a long people waiting for the replace of USD. Because dollar determined the price of most of fiat. Most of developing country currency was struggle to competite the US dollar.The development of the developing country was further reduced by the value of US dollar.So many people from developing country waited fpr the replacement of dollar.
December 03, 2020, 11:46:13 AM
snip..
You can find out on google whether the US economy will collapse when printing more money. I have already written a post that US dollars are very special, which requires US dollars not only for US citizens but also the world because international transactions still use US dollars. for those of you who live in the US, don't worry too much about the FED which plans to print more money because the scenario that will happen is that the US economy will rise because of it (printing more money)..Countries such as the US & Aussie (CMIIW) are free to print money during a recession because their currencies are used for international transactions, but printing money when a recession will be very dangerous if carried out by countries such as Venezuela, Iran, Indonesia, and several others because their currency does not have the power as used for international transactions (export/import & oil) These countries will only make their countries hyperinflation and then devaluation of their currencies..
December 03, 2020, 10:29:16 AM
Things are just being exaggerated. Indeed there is a problem right now regarding USD but keep in mind that we are talking about a strong currency. Economic chaos? We're far from that. Economies are suffering at this moment but if you will open your eyes, there are signs of recovery and that's the most important thing to see. USD along with other fiat will exist in world market simply because it is being used in daily transactions.
I think one way you can know recovery and economy that is growing is through the currency because it reflects on it as production and export becomes the guide to know. Right now, the US dollar is weak and it has been this week since 5 months ago and the time of the election. I think this may go on until the new president start his office .
December 03, 2020, 10:05:09 AM
The trick might be to save dollar is Trading Deal with china.
In the world of economics, I disagree with anything that China says about sinking dollars. but if China is really going to offer a much better deal than the current crisis it faces for US identity as a financial superpower. I guess what's wrong with opening your arms wide for China.
December 03, 2020, 07:06:42 AM
Things are just being exaggerated. Indeed there is a problem right now regarding USD but keep in mind that we are talking about a strong currency. Economic chaos? We're far from that. Economies are suffering at this moment but if you will open your eyes, there are signs of recovery and that's the most important thing to see. USD along with other fiat will exist in world market simply because it is being used in daily transactions.
The trick might be to save dollar is Trading Deal with china.
December 03, 2020, 04:51:06 AM
Things are just being exaggerated. Indeed there is a problem right now regarding USD but keep in mind that we are talking about a strong currency. Economic chaos? We're far from that. Economies are suffering at this moment but if you will open your eyes, there are signs of recovery and that's the most important thing to see. USD along with other fiat will exist in world market simply because it is being used in daily transactions.
December 02, 2020, 09:17:54 PM
sorry to fud but things are not looking good and we got to be realistic
i guess we usa dollar falling means also the war
usa possible problems: 1 if fed printing more money it making dollar devalued. 2. if they dont print the economy will be going down and then the dollar.
so what is the realistic escape plan to save the usa dollar? need to be honest cant make a illusions or dreams my vision of 2021 are like venzuela the most of the world.
only thing what i dont know are....if fiat currency value are somehow connected with real life productvity...then where does the crypto value come from ? so far cryppto value are not conncted with really real life values and productivity becouse so far the crypto value are determined and counted of the fiat currency value....
if the whole fiat based currency will be affected coused of big economic chaos...then even we want to use crypto how it will be having value ?
now id like to hear comments from people who got some economic degrees
i guess we usa dollar falling means also the war
usa possible problems: 1 if fed printing more money it making dollar devalued. 2. if they dont print the economy will be going down and then the dollar.
so what is the realistic escape plan to save the usa dollar? need to be honest cant make a illusions or dreams my vision of 2021 are like venzuela the most of the world.
only thing what i dont know are....if fiat currency value are somehow connected with real life productvity...then where does the crypto value come from ? so far cryppto value are not conncted with really real life values and productivity becouse so far the crypto value are determined and counted of the fiat currency value....
if the whole fiat based currency will be affected coused of big economic chaos...then even we want to use crypto how it will be having value ?
now id like to hear comments from people who got some economic degrees
Jump to: