Post
Topic
Board Speculation
Re: When will bitcoin hit 252,000 USD?
by
Wilhelm
on 25/08/2014, 06:21:35 UTC
The question is, is is fair to compare USD to Zimbabwe when US still have the strongest military in the world.

It is the strongest military today because it is paid for with higher and higher debt that cannot be maintained.

The dollar is a liability backed solely by the military which exists solely because countries are willing to borrow our dollars.

When that stops it all comes falling down.

Hard to stop something as gigantic as US.

Not saying it will not decay over time. But I do not see it falling down during our life time.

Why not?

If they decouple oil from the dollar tomorrow the US is dead pretty quickly.
If all countries want their gold from the federal reserve and find out there gold no longer exists the US will lose all credibility and be dead.

Military power is a nice thing to have but it costs money and printing more won't help you. Even patriotic pro US soldiers want to get paid.