Quote from: bubilas on Today at 05:20:02 AM

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 couldn't understand before why the dollar is so strong as a currency. And I also couldn't understand why it wasn't backed by gold reserves. In fact, it's just a piece of paper with presidents. But it turns out that everything is not so simple, the point is that the dollar is recognized in many places, and the very point of the dollar is that it is American. The US has shown itself as a country that knows how to invest correctly in the economies of other countries, giving them a financial boost, look at South Korea for example.

The value of a dollar is not in the paper, but in what is behind that “paper”:
- The political weight of the U.S. in the world
- The U.S. economy
- Technology
- Army
.... and much more that ensures the value and stability of the dollar.

This is why I always say - the dollar can of course be displaced by another currency. But for this to happen, a country must emerge that is more powerful than the US by all measures. But...so far this scenario is unlikely