Something like 80% of all dollars created in all of history have been created since 2020.

Obviously, it doesnt take a rocket-economist to see that printing this many dollars this fast will make each one worth significantly less.

At what point does our dollar collapse into peso-like status? And do you think it will be a slow fade? Or a sudden and abrupt collapse?

Obviously, the main reason it is still standing now is it's status as the world reserve currency, specifically as the petro-dollar, which is behind every trade worldwide of oil.

With China and the Saudis flirting, the Russians obviously looking to move away from the dollar, what will happen?

I have even read where Russia is looking at going back to the gold standard.

Is collapsing our greenback part of their plan to implement FedCoin (the supposedly forthcoming digital dollar)? This way, they can just drop a new currency, and nullify all of their debts (but certainly not yours!) Why would the people in charge do this? Do they assume that the new FedCoin would retain its status in the world?

Or is this paving the way for the whole "Great Reset" thing for a more global currency?

And for the economist types, if the dollar is devalued to the point of garbage, what does that look like for domestic spending? Obviously the international exchange rate would kill you going abroad, but what about domestically?

I was just curious as to the thoughts of this board on these things.

You're giving the government too much credit for planning things out when you throw out these conspiracy theories. The current state of affairs is almost entirely the result of a bunch of ad hoc decisions intended to address short term concerns without any thought being given to long term ramifications.

Bitcoin

Cant Think of a Name said:

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Why would the people in charge do this? Do they assume that the new FedCoin would retain its status in the world?

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Yes. The digital USD will be Blackrocks most lucrative gov venture yet. Larry is the new Soros but much more covert and powerful.

https://www.cnbc.com/2022/03/24/blackrocks-fink-says-russia-ukraine-war-could-accelerate-use-of-cryptocurrencies.html

The only bright side is that there aren't any great alternatives to the dollar. (edit - I am not sold on the stability of digital currencies.) We should mend relationships with the Saudis if there are any ruffled feathers still from MBS's assassination of that dissident/journalist.

Never

twk said:

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You're giving the government too much credit for planning things out when you throw out these conspiracy theories. The current state of affairs is almost entirely the result of a bunch of ad hoc decisions intended to address short term concerns without any thought being given to long term ramifications.

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Wrong. The direction of all these policies are overwhelmingly consistent in their direction over decades. This is because democrats have a goal and are very organized in their execution of their goal. You don't take down a superpower without a hell of a lot of planning and organization.

Stupidity and ignorance are very effective, plan or no plan.

Funky Winkerbean said:

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Stupidity and ignorance are very effective, plan or no plan.

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Stupidity and ignorance can go in any direction. That's not what's happening.

aeroag14 said:

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Bitcoin Gold

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FIFY.

But seriously, if we are talking about currency collapse, there is no better hedge. Currency collapse has happened countless times throughout thousands of years of history, and gold has withstood the test of time. Hell, The Bitcoin Standard even has an entire chapter about how gold is the true "hard money." I did find the author's explanation of why gold is superior to silver very interesting.

Crypto may be the future, but nothing is off the table. If we all think the PTB/deep state will start wars (which they have and do) and allow millions of people to die. Why wouldn't they just shut down the internet to collapse ALL cryptos...unless they can control cryptos, I wouldn't put anything past these people.

If you want to speculate that bitcoin will emerge as the new standard and "shoot for the moon," go ahead. But as far as wealth preservation in an increasingly uncertain world, nothing beats physical gold.

BTW, I do own crypto, but not as much as I probably should. I can't remember who said it, but it was something along the lines of "crypto is a good hedge for gold. And gold is a good hedge for crypto." The bottom line is that fiat is going down...bigtime. I would highly recommend owning both. Gold being the MUCH safer option as far as wealth preservation goes in these uncertain times.

Another great accomplishment from our baby boomers!

I believe that they are doing this on purpose. They probably realized that we were at the debt tipping point a couple of years ago. Any increase in interest rates would be devastating to the Govt Budget and Social Security and Medicare were way to far underwater to meet future obligations.

Thus Covid and the Insane Emergency Spending that they said was justified to fight Covid. All of the expenses were self induced and predictable. This all was a bunch of scummy politicians looting a burning building before it collapses.

Once it collapses we will reset with either a "New Dollar" or a Global Currency. Old Govt debt will disappear and things like Social Security and Medicare will be completely realigned/revalued and probably means tested or just become a fond memory of another promise that disappeared.

Ray Dalio created an entire 30 minute youtube video on this exact issue last week

and yes, the dollar will be replaced by something else

are we still using Roman coins to trade around the world?!

twk said:

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You're giving the government too much credit for planning things out when you throw out these conspiracy theories. The current state of affairs is almost entirely the result of a bunch of ad hoc decisions intended to address short term concerns without any thought being given to long term ramifications.

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*Social Security enters the chat*

It will be before 2025

It will be catastrophic and it will be purposeful

Check out the deagel report something is coming down the pipeline and it is not pretty for America.

twk said:

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You're giving the government too much credit for planning things out when you throw out these conspiracy theories. The current state of affairs is almost entirely the result of a bunch of ad hoc decisions, made by people with about 5 years of life expectancy remaining, intended to address short term concerns without any thought being given to long term ramifications.

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Also a big factor...

Gaius Julius Bevo said:

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The only bright side is that there aren't any great alternatives to the dollar. (edit - I am not sold on the stability of digital currencies.) We should mend relationships with the Saudis if there are any ruffled feathers still from MBS's assassination of that dissident/journalist.

---

That isn't happening. Biden has decided to buddy up with Iran instead of Saudi and those 2 are rivals at best and essentially having proxy wars for control of their region. Saudi doesn't GAS about the journo but they damn sure care about Iran getting sanctions lifted and money to fight them. Trump understood that and that is how he got the Peace Accords with Israel and Saudi, Biden and especially Kerry love them some Iran though.

C@LAg said:

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we done.

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Look at it this way.... a Federal Government collapse due to a Federal Dollar collapse leads to.......


THE REPUBLIC OF TEXAS......

....which has it's own gold reserve btw.

There are definitely risks and concerns but there isn't a viable replacement for the dollar and it doesn't look like one is coming. No other world currency is close in spite of all of our issues. Bitcoin is too fragile and can be destroyed by the US Government anytime they want or a collection of other governments. Gold will have value but it's not going to be the world currency again.

I think we are doing a lot of really stupid things with how we are treating the dollar but I think "the end is near" is just inaccurate mainly because we are by far the tallest midget.

Cant Think of a Name said:

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Something like 80% of all dollars created in all of history have been created since 2020.

Obviously, it doesnt take a rocket-economist to see that printing this many dollars this fast will make each one worth significantly less.

At what point does our dollar collapse into peso-like status? And do you think it will be a slow fade? Or a sudden and abrupt collapse?

Obviously, the main reason it is still standing now is it's status as the world reserve currency, specifically as the petro-dollar, which is behind every trade worldwide of oil.

With China and the Saudis flirting, the Russians obviously looking to move away from the dollar, what will happen?

I have even read where Russia is looking at going back to the gold standard.

Is collapsing our greenback part of their plan to implement FedCoin (the supposedly forthcoming digital dollar)? This way, they can just drop a new currency, and nullify all of their debts (but certainly not yours!) Why would the people in charge do this? Do they assume that the new FedCoin would retain its status in the world?

Or is this paving the way for the whole "Great Reset" thing for a more global currency?

And for the economist types, if the dollar is devalued to the point of garbage, what does that look like for domestic spending? Obviously the international exchange rate would kill you going abroad, but what about domestically?

I was just curious as to the thoughts of this board on these things.

---

How many of the printed did you get in the bank?

Cause my real estate debt is worth less and real estate is worth more.

Rents have never been higher.

Get more money, don't worry about the rest.

Terrifying

Detmersdislocatedshoulder said:

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It will be before 2025

It will be catastrophic and it will be purposeful

Check out the deagel report something is coming down the pipeline and it is not pretty for America.

---

If that assumption turns out to be true, it will be jet fuel on the current fire caused by the culture war the left has propagated. The country is bifurcated on those lines already. Throw on massive economic collapse, and It will only ensure that, at a minimum, 2 or more independent factions and/or states arise within what was once the USA.

aggie93 said:

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There are definitely risks and concerns but there isn't a viable replacement for the dollar and it doesn't look like one is coming. No other world currency is close in spite of all of our issues. Bitcoin is too fragile and can be destroyed by the US Government anytime they want or a collection of other governments. Gold will have value but it's not going to be the world currency again.

I think we are doing a lot of really stupid things with how we are treating the dollar but I think "the end is near" is just inaccurate mainly because we are by far the tallest midget.

---

The weakness in this line of thinking is omitting what has occurred regarding Russia and the freezing of their Central Bank assets (dollars). The message that has been sent by this action, to everyone who pays attention to this kind of thing, is that your money is not your money, if it is held in US dollars. The immediate result of this was Russia and China opening discussions to develop their own currency. The people that this matters to (authority figures) have sat up and taken notice of the US's actions.

No reserve currency lasts forever. The endless printing of dollars (debasement) WILL result in the dollar losing world reserve currency status. Its not a question of if but when.

Gaw617 said:

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Another great accomplishment from our Democrats!

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FIFY

The moment they froze or confiscated Russian central bank fiat assets (yes, Russia was in the wrong with the invasion) they just completely changed the game. Every nation now suddenly realizes none of it is safe. Things will change.

Quote:

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Is collapsing our greenback part of their plan to implement FedCoin (the supposedly forthcoming digital dollar)? This way, they can just drop a new currency, and nullify all of their debts (but certainly not yours!) Why would the people in charge do this? Do they assume that the new FedCoin would retain its status in the world?

---

Am I the only one that remembers the scene from Escape From LA where they were discussing if the reward would be paid in Green Backs or Blue Backs ? ? ? Was Escape From LA a prophesy or a game plan for the future ? ?

carl spacklers hat said:

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aggie93 said:

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There are definitely risks and concerns but there isn't a viable replacement for the dollar and it doesn't look like one is coming. No other world currency is close in spite of all of our issues. Bitcoin is too fragile and can be destroyed by the US Government anytime they want or a collection of other governments. Gold will have value but it's not going to be the world currency again.

I think we are doing a lot of really stupid things with how we are treating the dollar but I think "the end is near" is just inaccurate mainly because we are by far the tallest midget.

---

The weakness in this line of thinking is omitting what has occurred regarding Russia and the freezing of their Central Bank assets (dollars). The message that has been sent by this action, to everyone who pays attention to this kind of thing, is that your money is not your money, if it is held in US dollars. The immediate result of this was Russia and China opening discussions to develop their own currency. The people that this matters to (authority figures) have sat up and taken notice of the US's actions.

No reserve currency lasts forever. The endless printing of dollars (debasement) WILL result in the dollar losing world reserve currency status. Its not a question of if but when.

---

Russia has an economy the size of Florida and that was before this war. China has a worthless currency and a list of problems too long to list. Of course they want to take down the dollar but realistically it isn't happening anytime soon.

I do agree no reserve currency lasts forever and eventually the dollar will lose that status. I just don't see anything currently that is remotely capable. I think you greatly undervalue our massive assets including the world's most powerful military by several fold, a Navy that can protect our trade and is probably 10x in power than the rest of the world combined if push came to shove, our massive natural resources and having the most productive farmland in the world by far. No one else is close. At all. Also if you look at the prior reserve currencies they all involved countries that had to project power in order to maintain it. We can certainly project power but we have the resources ourselves as well. Eventually our stupidity will be our undoing but I just don't see it anytime soon. People are still moving all the money and investments they can to the US because we are the safest harbor.

Seriously though I am open minded if you see another currency that can legitimately threaten us. Certainly others will continue to try but I just don't see anything capable. You also seem to be forgetting that outside of gold any currency (especially digital) can be frozen and it's not realistic that people are going to start paying for everything in gold coins again.

aggie93 said:

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There are definitely risks and concerns but there isn't a viable replacement for the dollar and it doesn't look like one is coming. No other world currency is close in spite of all of our issues. Bitcoin is too fragile and can be destroyed by the US Government anytime they want or a collection of other governments. Gold will have value but it's not going to be the world currency again.

I think we are doing a lot of really stupid things with how we are treating the dollar but I think "the end is near" is just inaccurate mainly because we are by far the tallest midget.

---

Sounds like we might start suffering from Tall Poppy Syndrome, if we aren't already.

ac04 said:

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This graphic shows up pretty much every time this topic comes up but it's not a terribly useful piece. All reserve currencies prior to USD represent a world that doesn't exist today where the various empires traded within themselves but it was limited between empires. During those eras reserve currency was pretty much determined by the strongest empire economy that then became the safest place to invest money. The era of the USD is entirely different.

The world as it exists today is something we've never seen before and when it collapses what replaces it will look nothing like what we currently have. The USD is the global reserve for several reasons not just because we have the world's strongest economy. We have that in common with past reserve currencies but that's really where the similarities end. We also enjoy that status because the US Navy protects shipping lanes all over the world which means we can demand that trade be settled in dollars. This has never existed as prior to WWII the various empires protected their own trade vessels. Today we have over 90% of the world's naval power meaning quite literally nobody else can protect their current volume of trade vessels without us and that means we're uniquely qualified to make that demand. In a world where the US can no longer dictate terms there's no global trade at all because nobody can protect their vessels and they're all decades away from being able to do so. The last reason is really the worst but it's still true, the rest of the world has devalued their currencies at a much faster pace than we have.

The important point that you must realize is that if/when the USD loses reserve status its the end of the global trade system and that's a catastrophic change. It means no less than the end of China as a manufacturing power. You also have to realize that the US is uniquely qualified to succeed in a world without global trade. We don't need this system and in a lot of ways we would benefit from letting it fail. We are a net exporter of food and can be (and as recently as Jan 2021 were) a net exporter of energy. Our #1 trade partner is Mexico and they're eager take on as much as they can from the failing Chinese economy. As the next decade unfolds we're going to see Mexico grow significantly and that's going to benefit the US in a lot of ways.

Lastly don't overestimate China and Russia. Both are failing states. Them teaming up to take on the US is like a Jr High girl trying to swim a race against that Lia Thomas dude. China exists because we let them exist. I actually pretty confident in saying their efforts to corrupt our politics and saber rattle towards Taiwan are meant to keep us engaged globally at a time when we clearly don't want to continue to do so. Neither of these two are capable of changing the world without doing something unthinkable like launching a nuke and more importantly neither benefits from the current structure actually changing.