Quote from: adamstgBit on December 04, 2013, 03:20:42 PM

Quote from: Coinseeker on December 04, 2013, 03:12:01 PM

Quote from: JimboToronto on December 04, 2013, 12:55:30 PM

I don't ~~think most of the world~~ really cares about dollars.

FTFY

Almost 90% of the daily Forex trades ($4 Trillion +) contains USD on one side or the other. USD remains the worlds reserve currency, so it only makes sense that BTC is and for now at least, remains paired to USD.

how much longer can this really last tho. 5-10 years?
idk
all I know is no one wants to buy US debt anymore, at least not until interest rates rise a little, but the government is hell bent on making damn sure interest rates stay low, this is causing some really weird market behavior, the financial system is broken and everyone knows it, just no one has a clue what to do. Scary! is what it is.

I agree with you. It can't last forever. They do have to keep interest rates low, to keep people borrowing money. Buying that new car, boat or house. Which people stop doing, when the economy is bad. Thus you reduce interest rates to encourage borrowing. This is how the majority of currency is created and it is the interest from this "imaginary" money, that makes them rich. If people don't borrow, they can't create more money out of thin air and charge interest on it. Which in turn means they can't pay their obligations and the whole system comes crashing down.