Quote from: kro55 on August 18, 2024, 05:45:02 AM

Quote from: DrBeer on August 17, 2024, 06:58:23 PM

Quote from: Shortmaster on July 31, 2024, 01:19:39 PM

When dollar collapse ?
I keep seeing on Youtube and from experts the dooms day for USA and dollar ?
Actually dollar collapse means weak dollar and its not bad thing it means lower rates of fed so it's good for economic boost.
But i ask when the dollar colllapse lol? They keep telling us how bad is the dollar and so much doom and gloom.
So are we really see dollar collapse ? And when ?
It's grazy how much everybody talking about end of usa and dollar...it sounds funny also.

I was born in the time of the USSR

Since my childhood before the collapse of this anti-human education I heard “the dollar is worthless, the collapse of the dollar is inevitable, tomorrow the dollar will collapse,...” and so on mental perversions

The USSR collapsed, the Warsaw Pact alliance collapsed. The economies of countries that set the destruction of the dollar as the goal of their lives, and at the cost of the lives of their citizens, are collapsing. But... The dollar, with all the nuances continues to live and is considered a demanded currency. By the way, all totalitarian rulers “fighting the USA” keep their savings in the dollar

This is from practice.
Now a question from theory - have you calculated what will happen to the world economy in the “collapse of the dollar” ? Do you really dream about it ? Honestly ?

It cannot be denied that the USD is still very strong and it is difficult for any currency to usurp its throne in the near future. But have you ever learned about the history of world currencies and how many currencies dominated the world before the USD dominated the world? If I remember correctly, before USD, we had 5 different kings who took turns ruling before USD appeared. That shows us that nothing lasts forever and USD is no exception. Maybe it won't happen in our time, but certainly in the future, history will repeat itself again, the USD will be surpassed by another currency.

Like bitcoin, no government ever thought the world would have a decentralized currency created that was not controlled by them. But what now? They have to accept the fact that things they thought would never happen are happening. Don't claim anything in the future when you are not from the future.

I recommend studying the financial system of the world, from about the 15th-16th centuries. The conclusion will be unexpected - there were no GLOBAL UNIVERSAL mechanisms of value assessment before the dollar. In monetary form. There was gold. But gold is a specific measure of price and settlement, so the dollar took its place. Yes, the U.S. was smarter, more cunning and more nimble than others. I have already said many times - to replace the dollar, a country must appear on the world stage, which will prove its superiority for decades, will have the largest economy, will be a technological leader, will have the most powerful army and armaments, and many other indicators. I do not see any such contenders even on the horizon. If you know one - let's discuss ?