Post
Topic
Board Speculation
Merits 2 from 1 user
Re: [WO] Measures of Value
by
Phil_S
on 16/03/2020, 18:10:14 UTC
⭐ Merited by El duderino_ (2)
Every sane person has known for a very long time that the dollar must collapse someday;

Not anytime soon. No universally-recognized replacement on the horizon.

Why do you assume that a replacement must exist before it collapses!?

Because its value is rooted in psychology. Right now people sell all types of assets (even gold) to buy dollars. Completely illogical, but that's a reality. Dollar will collapse when people will lose faith in it, when they'll rush to sell dollars to buy something else. That "something else" will become a new universally-recognized replacement.

Lots of worldwide value is locked in dollars right now. That value will not disappear. It will flow into "something else", into a replacement vessel.