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When will the Dollar Collapse ?

When will the US Dollar Collpase?

  • Total voters
    39
  • Poll closed .
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.
 
Re: When will the Dollar Collpapse ?

even if it collapses in USA, it always increases here ..interesting
 
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).
 
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
 
Re: When will the Dollar Collpapse ?

Helix said:
the dollar will crash on October 24, 2067 at 10:17 AM.
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•••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.

grip said:
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.
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•••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.

Gipper said:
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.
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•••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.

Medusa said:
even if it collapses in USA, it always increases here ..interesting
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••Best single currency investment is the dollar. Long term it may buy less but the power is always there.
 
Re: When will the Dollar Collpapse ?

As another poster mentioned, the dollar won't collapse until oil starts selling in any significant quantities in a currency other than dollars.
 
Re: When will the Dollar Collpapse ?

Helix said:
the dollar will crash on October 24, 2067 at 10:17 AM.
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Here come the new end of the world 67ers. Because 2012 came too quickly
 
Re: When will the Dollar Collpapse ?

CalGun said:
I hope you are right. I just don't think creating a trillion a year to fuel continued over spending can go on much longer. Combined that will impossible to balance social programs in the 10-20-30 year future and I can't see how it continues. China is on a fast course / track to insert its currency into the dollars reserve currency status, and the UN has already prepared a potentially digital only currency just for that purpose. I don't believe its the next year, but I think failure of the dollar is inevitable.
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That may be so, but right now the Fed wants to keep the dollar high so that foreign goods are less expensive to buy - they hope this will help fuel consumer purchasing and in that way give the economy a spike it needs rather than look to more stimulus. Until Americans start buying again, your economy is going to continue to struggle.
 
Re: When will the Dollar Collpapse ?

CanadaJohn said:
That may be so, but right now the Fed wants to keep the dollar high so that foreign goods are less expensive to buy - they hope this will help fuel consumer purchasing and in that way give the economy a spike it needs rather than look to more stimulus. Until Americans start buying again, your economy is going to continue to struggle.
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Untill americans start WORKING again, the buying is mostly going for BEER and ASPRIN. :)
 
Re: When will the Dollar Collpapse ?

yobarnacle said:
Untill americans start WORKING again, the buying is mostly going for BEER and ASPRIN. :)
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Not everyone in America is unemployed - lots of Americans, like lots of American businesses are hanging on to their money or paying down debt, hunkering down because they don't feel confident in their future and they're worried about what health care is going to cost them and if taxes are going to go up, etc. etc.

The American dollar will stay strong, particularly since the EU, the second largest economy in the world behind the US, is stagnant and drowning in debt and money from that market will continue to buy American dollars to invest in American commodities. The American dollar will always be strong because prevailing opinion will always be that it's the safest, strongest currency in the world and if it crashes it will be pitch-forks and torches in the streets and money won't matter anyway.
 
Re: When will the Dollar Collpapse ?

CanadaJohn said:
Not everyone in America is unemployed - lots of Americans, like lots of American businesses are hanging on to their money or paying down debt, hunkering down because they don't feel confident in their future and they're worried about what health care is going to cost them and if taxes are going to go up, etc. etc.

The American dollar will stay strong, particularly since the EU, the second largest economy in the world behind the US, is stagnant and drowning in debt and money from that market will continue to buy American dollars to invest in American commodities. The American dollar will always be strong because prevailing opinion will always be that it's the safest, strongest currency in the world and if it crashes it will be pitch-forks and torches in the streets and money won't matter anyway.
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unless you get ahead of it and start producing pitchforks and torches at a frantic pace and make a killing ...
 
Re: When will the Dollar Collpapse ?

CanadaJohn said:
That may be so, but right now the Fed wants to keep the dollar high so that foreign goods are less expensive to buy - they hope this will help fuel consumer purchasing and in that way give the economy a spike it needs rather than look to more stimulus. Until Americans start buying again, your economy is going to continue to struggle.
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which is why austeity would be a mistake ... the debt isn't the problem now ... that has to be fixed later ... right now we need spending ...
 
Re: When will the Dollar Collpapse ?

windowdressing said:
which is why austeity would be a mistake ... the debt isn't the problem now ... that has to be fixed later ... right now we need spending ...
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Spending?
Every newly printed dollar gets it's value by diluting the value of dollars already in circulation.

If you have 20$ an hour salary and they keep printing money, your salary is soon worth 10$ per hour, but you get taxed at the $20 rate.

Printing fiat money and over spending is government robbing the people.
Grand Larceny on the GRANDEST scale!
 
Re: When will the Dollar Collpapse ?

windowdressing said:
which is why austeity would be a mistake ... the debt isn't the problem now ... that has to be fixed later ... right now we need spending ...
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America may need stimulus in the form of spending on infrastructure that gets people working, money into the hands of people, and provides income to contractors and construction workers, etc. One time, one shot, focused spending that gives a tangible end product that benefits society. You do not need stimulus that keeps teachers working for a year but that states can't afford to keep paying going forward. You don't need stimulus that wastes untold millions and billions on pie in the sky green energy initiatives that have no market and cost the consumer far more than conventional energy sources. In other words, you don't need any of the pet projects of President Obama which means you won't have stimulus until Obama is gone.
 
Re: When will the Dollar Collpapse ?

CanadaJohn said:
America may need stimulus in the form of spending on infrastructure that gets people working, money into the hands of people, and provides income to contractors and construction workers, etc. One time, one shot, focused spending that gives a tangible end product that benefits society. You do not need stimulus that keeps teachers working for a year but that states can't afford to keep paying going forward. You don't need stimulus that wastes untold millions and billions on pie in the sky green energy initiatives that have no market and cost the consumer far more than conventional energy sources. In other words, you don't need any of the pet projects of President Obama which means you won't have stimulus until Obama is gone.
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Nevermind the fact that Obama has successfully garnered funding for and continues to lobby for the measures you've prescribed despite stringent political opposition.
 
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Re: When will the Dollar Collpapse ?

yobarnacle said:
Spending?
Every newly printed dollar gets it's value by diluting the value of dollars already in circulation.

If you have 20$ an hour salary and they keep printing money, your salary is soon worth 10$ per hour, but you get taxed at the $20 rate.

Printing fiat money and over spending is government robbing the people.
Grand Larceny on the GRANDEST scale!
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you say that and the fact is that people would prefer to have their assets in dollars
which then tells us you are wrong in your assessment of the dollars' solidity
were people getting 'robbed' they would not seek out the dollar as a safe haven
 
Re: When will the Dollar Collpapse ?

justabubba said:
you say that and the fact is that people would prefer to have their assets in dollars
which then tells us you are wrong in your assessment of the dollars' solidity
were people getting 'robbed' they would not seek out the dollar as a safe haven
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You don't get to choose which currency your employer pays you with.
in the USA, it's US greenbacks.

if it were choice, I'd be paid in gold.
 
Re: When will the Dollar Collpapse ?

yobarnacle said:
You don't get to choose which currency your employer pays you with.

in the USA, it's US greenbacks.

if it were choice, I'd be paid in gold.
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not a thing in this world keeps you from converting those greenbacks into gold
except you
and that you refuse to follow the advice that you give
 
Re: When will the Dollar Collpapse ?

justabubba said:
not a thing in this world keeps you from converting those greenbacks into gold
except you
and that you refuse to follow the advice that you give
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Rather obtuse.
My rate of salary is in dollars. While I could convert to gold each paycheck, I'd receive less and less gold each time, as the dollar devalued, and my pay scale stayed locked to the dollar.

now, if I could convince my boss I was worth half pound of gold per month, regardless of it's dollar cost, I'd go for it!
 
Re: When will the Dollar Collpapse ?

For all those that are absolutely sure the dollar will continue to reign supreme, how many would invest in futures contracts that go long on the dollar over a long period? And vice versa, for those that think the dollar will collapse how many would actually invest in a short term short position?
 
Re: When will the Dollar Collpapse ?

yobarnacle said:
Rather obtuse.
My rate of salary is in dollars. While I could convert to gold each paycheck, I'd receive less and less gold each time, as the dollar devalued, and my pay scale stayed locked to the dollar.

now, if I could convince my boss I was worth half pound of gold per month, regardless of it's dollar cost, I'd go for it!
Click to expand...

so you are telling us that the dollar has better long term purchasing power than the equivalent amount of gold
thank you for making my case
 
Re: When will the Dollar Collpapse ?

justabubba said:
not a thing in this world keeps you from converting those greenbacks into gold
except you
and that you refuse to follow the advice that you give
Click to expand...

When the dollar begins to collapse, private ownership of gold will become illegal again. It's a standard futile attempt at state directed economic manipulation that has been repeated throughout history in many nations, including the US.

"When people realize their metal is worth more than our paper, we'll just make a new law that says they have to trade their metal for our paper, and throw them in prison if they don't go along with it. That will solve everything!"
 
Re: When will the Dollar Collpapse ?

justabubba said:
so you are telling us that the dollar has better long term purchasing power than the equivalent amount of gold
thank you for making my case
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How in sam hell did you deduce that from ANYTHING I posted?
I said the dollars would be worth less and less. Sabe? :)
 
Re: When will the Dollar Collpapse ?

yobarnacle said:
How in sam hell did you deduce that from ANYTHING I posted?
I said the dollars would be worth less and less. Sabe? :)
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if that were true then you would buy gold with your dollars as a hedge
but you insist you do not
so, it appears you do not follow your own advice to hold gold instead of dollars
there is an expression for those who say one thing and do another
 
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