View Poll Results: When will the US Dollar Collpase?

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  • Under a year?

    4 7.84%
  • 2-10 years

    14 27.45%
  • 10-25 years

    4 7.84%
  • Not in our life time but eventually

    14 27.45%
  • Never

    15 29.41%
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Thread: When will the Dollar Collapse ?

  1. #21
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    Re: When will the Dollar Collpapse ?

    OPEC sells oil in dollars. It creates a lot of demand for the US dollar. The minute OPEC decides to abandon the dollar for some other currency or basket of currencies the dollar will be hit hard and most likely start to freefall. Most people don't realize how important the sale of oil in US dollars is to the US. GW Bush wanted to go into Iraq not because of WMDs, but because SH started selling oil in Euros. The first thing Bush did was change that back to dollars.

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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by Goshin View Post
    Hard to say. Gold is trending downward, which really means the dollar is getting stronger as gold is mainly a value-storage device.

    Don't know that we can go on indefinitely like we are, but gov and finance powers will be fighting it the whole way... more likely a long, slow drawn out collapse than a sudden one... but **** happens.

    IN short, frack if I know.
    I figured that it'd be over about a 5 year period or so. I hope nobody thinks that they're going to wake up and say "yup, dollar's gone now".

    Frankly, if the dollar was going to collapse, it would've collapsed a few years ago when the dollar was being intentionally devalued and instability was at its peak. Now, there's no chance (as well as the near future). All Asian currencies are manipulated to hell and beyond, the Euro is the pinnacle of instability (partially due to the fact that it's still new by most standards).

    The only real threat to USD hegemony is the pound sterling - and I don't see that happening. Basket currencies aren't really a long-term answer.

  3. #23
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by Fletch View Post
    Not sure why the dollar would collapse. Every other country in the world is printing money and running huge deficits. The question is when will the whole house of cards collapse.

    The USA is far ahead of the rest of the World in printing money and creating deficits. The word "CONFIDENCE" will keep repeating itself anytime you start questioning the USA dollar. The word CONFIDENCE as in Confidence Game or "The Big Con." But, as the world turns, and everyone takes little finger bites of confidence and keeps hearing confidence generates confidence and that gives me confidence that we should maintain confidence in our fiat currency and ignore the fact that confidence might erode as a benchmark of "medium of exchange," and not a money based upon fundamental banking principles.

  4. #24
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    Re: When will the Dollar Collpapse ?

    Confidence is gradually shifting to Asian markets since they have the most per capita growth rate right now. Which I think is unfortunate, because I would rather not see China as the world's next hegemon.

    As for the U.S. dollar, it's hard to say. It really depends on the inflation rate and the unemployment rate. Both are tied to spending power and in our consumerist economy that matters. For some reason, our politicians (and GOP) think it makes more sense to gut worker rights and unions in order to make us more competitive with China - and we never will be, not when their population is four times ours - than simply invent a new system that the world can transfer their faith to.

    There are many growing social movements all over the world that make the 99% movement look like a walk in the park, all based on the sentiment that people are tired of their lands, resources, and ways of life being destroyed to benefit a few globalist plutocracies -- especially when in the past 80 years we have come so close to tasting freedom of the people in very practical, tangible ways. America is the undeniable epicenter of those plutocracies.

    Our dollar does not hinge on productivity anymore, but whether or not other countries want to drink the koolaid of the American way of life. Increasingly, they don't want to, not when they are witness to our own degeneration. If the globalists do to the rest of the world what they are doing to American freedoms, then faith will not be maintained, and the dollar will be devalued.

    My estimate is the next couple of years.

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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by Northern Light View Post
    Confidence is gradually shifting to Asian markets since they have the most per capita growth rate right now. Which I think is unfortunate, because I would rather not see China as the world's next hegemon.

    As for the U.S. dollar, it's hard to say. It really depends on the inflation rate and the unemployment rate. Both are tied to spending power and in our consumerist economy that matters. For some reason, our politicians (and GOP) think it makes more sense to gut worker rights and unions in order to make us more competitive with China - and we never will be, not when their population is four times ours - than simply invent a new system that the world can transfer their faith to.

    There are many growing social movements all over the world that make the 99% movement look like a walk in the park, all based on the sentiment that people are tired of their lands, resources, and ways of life being destroyed to benefit a few globalist plutocracies -- especially when in the past 80 years we have come so close to tasting freedom of the people in very practical, tangible ways. America is the undeniable epicenter of those plutocracies.

    Our dollar does not hinge on productivity anymore, but whether or not other countries want to drink the koolaid of the American way of life. Increasingly, they don't want to, not when they are witness to our own degeneration. If the globalists do to the rest of the world what they are doing to American freedoms, then faith will not be maintained, and the dollar will be devalued.

    My estimate is the next couple of years.
    If any significant portion of the world pegged its currency to the yuan, I would stick my penis in a blender and turn it on.

    There's highly improbable, there's almost impossible, and then there's "lol yeah right". That falls into the last.

  6. #26
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    Re: When will the Dollar Collpapse ?

    Seeing as the US still accounts for more than a fifth of the world's output, there's no reason for the dollar to collapse. Unless that production simply vanishes into thin air, the dollar will play a prominent role in international finance for a very long time. Also undermining the doom and gloom predictions is the utter lack of a suitable replacement.

  7. #27
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    Re: When will the Dollar Collpapse ?

    even if it collapses in USA, it always increases here ..interesting
    "Sovereignty is not given, it is taken." ATATÜRK

  8. #28
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    Re: When will the Dollar Collpapse ?

    I suppose if all the world's economies, or most of them crashed, I could see the dollar collapsing. Our country is resource rich still, that's not going to change any time soon. At minimum we're sitting on too much collateral to be totally devalued (outside a major Yellowstone eruption).

  9. #29
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    Re: When will the Dollar Collpapse ?

    what currency would you rather have than the dollar?
    euro
    pound
    rial
    yen
    yuan

    when you find a currency that you - and the rest of the world - would prefer as the means to preserve your assets, then the dollar will be at risk
    but not until that happens
    we are negotiating about dividing a pizza and in the meantime israel is eating it
    once you're over the hill you begin to pick up speed

  10. #30
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    Re: When will the Dollar Collpapse ?

    Quote Originally Posted by Helix View Post
    the dollar will crash on October 24, 2067 at 10:17 AM.
    •••You are setting us up to short the market knowing perfectly well you're 2 hours off? The date is right but it's almost at the close.

    Quote Originally Posted by grip View Post
    Or there may be a political push from the govn to replace cash with credits. I've seen this in science fiction movies because theoretically it allows the govn's more control over tax cheating, money printing, currency exchanging, etc. People would resist, unless it's sold as some kind of benefit for the public.
    •••Thieves need cash as a method of running their businesses. So don't look for this to happen until the world is being run by a sentient AI instead of corruptible politicians, spy agencies and and law enforcement officers.

    Quote Originally Posted by Gipper View Post
    I figured that it'd be over about a 5 year period or so. I hope nobody thinks that they're going to wake up and say "yup, dollar's gone now".

    Frankly, if the dollar was going to collapse, it would've collapsed a few years ago when the dollar was being intentionally devalued and instability was at its peak. Now, there's no chance (as well as the near future). All Asian currencies are manipulated to hell and beyond, the Euro is the pinnacle of instability (partially due to the fact that it's still new by most standards).

    The only real threat to USD hegemony is the pound sterling - and I don't see that happening. Basket currencies aren't really a long-term answer.
    •••We;ve put the dollar through the ultimate stress test since about 2007. Never has so much money been created so fast and callously. Unbelievably, it still works. It shouldn't....but it does.

    The entire world's economic system depends on it. We've supplied all the dollars they developed with by buying more than we sold and gifting. Nobody can benefit by killing the camel.

    Quote Originally Posted by Medusa View Post
    even if it collapses in USA, it always increases here ..interesting
    ••Best single currency investment is the dollar. Long term it may buy less but the power is always there.

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