Quote from: HarHarHar9965 on August 24, 2015, 05:27:34 AM

Quote from: KarmaShark on August 23, 2015, 06:42:33 PM

Quote from: ralle14 on August 23, 2015, 03:44:56 AM

maybe dollar is inflating once again you know
but it won't come to an end though there are a lot
of currency less worth than a dollar like my currency here in
Philippines

That's just a hype , no currency especially dollar is going down

you might believe that the dollar is indesstructible because of major mass adoption,but the only reason dollar has value is because it is petrodollar. Petrodollar is the currency used to buy petrol, petrol cannot be bought in any other currency except petrodollar, and I am talking on a macro level, when countries are trading and buying petrol. Once its not the currency to buy the fuel, it will be doomed and they are already in massive debt.

Very true, but you miss one very important point. The petrodollar is backed by the USA military, it is not a currency based on democracy or free choice. It will not be doomed for the lack of buying petrol, since it is backed by force, it is doomed becaused it is being challanged by other superpowers like Russia and the Bricks bank, and the only reason it gets away with the massive debt, it is because the debt it is distributed worldwise against others will, but once some countries get out of the petrodollar which it is happening now a domino effect will take place, and the military backing will not work against countries like Russia, no one wants a third world war, that would be complete insanity, however its military backing could work against third world countries therefore it wont collapse completely but most likely will go though a severe financial crisis.