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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 ?

Simple answer - not in my lifetime, and perhaps never.
 
Re: When will the Dollar Collpapse ?

Things are trending badly, but its not like we've hit a point of no return. If the dollar tanks, I believe it'll be because the entire global economy tanks.

Gold is my canary in the dollar coalmine, if it hit $2500/ounce tomorrow I would say the dollar is dead within a year. But the recent hit it took suggests to me that we are regaining confidence in the dollar.
 
Re: When will the Dollar Collpapse ?

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.


Simple answer - not in my lifetime, and perhaps never.
 
Re: When will the Dollar Collpapse ?

Things are trending badly, but its not like we've hit a point of no return. If the dollar tanks, I
Intriguing. It's been reported the US Fed Reserve naked short sold Gold just 3 days before its collapse. If true it made $40 billion on the reported "deal.". There are some saying this was done in response to three countries expanding their gold reserves (China, Russia and Brazil)? The dollars strength is intriguing. I'm curious if it's really strong or just better than the Euro and Yen at the moment?
 
Re: When will the Dollar Collpapse ?

the dollar will crash on October 24, 2067 at 10:17 AM.
 
Re: When will the Dollar Collpapse ?

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

So you're the one what stole the time machine I intended to send back to the present!
 
Re: When will the Dollar Collpapse ?

When you consider how many currencies are pegged to the USD, I should hope either "never" or "not for a looooooooong time".

I think you should have at least a passing knowledge of economics to vote in this thread. There are too many idiots with zero fiscal knowledge or education that will say "DOLLAR GOIN DOWN SOON LMAO OMG MAD MAX TIME".
 
Re: When will the Dollar Collpapse ?

I think the dollar will eventually lose reserve status (10-20yrs) to a basket of currencies and go up or down but it won't collapse.
 
Re: When will the Dollar Collpapse ?

I expect a new dollar, like new francs, new marks, new pesos, to be issued within next 20 years. The government will declare exchange rate old for new, 100 to one.


Then they'll claim they reduced the deficit. It's either that, or the Amero or some world currency.
 
Re: When will the Dollar Collpapse ?

2-10 years or sooner. :roll:
 
Re: When will the Dollar Collpapse ?

I expect a new dollar, like new francs, new marks, new pesos, to be issued within next 20 years. The government will declare exchange rate old for new, 100 to one.


Then they'll claim they reduced the deficit. It's either that, or the Amero or some world currency.

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.
 
Re: When will the Dollar Collpapse ?

Things are trending badly, but its not like we've hit a point of no return. If the dollar tanks, I believe it'll be because the entire global economy tanks.

Gold is my canary in the dollar coalmine, if it hit $2500/ounce tomorrow I would say the dollar is dead within a year. But the recent hit it took suggests to me that we are regaining confidence in the dollar.


i say keep your gold, as long as the fed prints, the market will rise, and interest rates are so low, no one can make money from savings, people have moved from gold to the market to ride the wave, but it cannot last, david stockman has raised several warnings.
 
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Re: When will the Dollar Collpapse ?

I seriously wish that this poll was made public. I feel a need to mock some people.
 
Re: When will the Dollar Collpapse ?

So you're the one what stole the time machine I intended to send back to the present!

too busy to go into the full story. going to make some lotto picks and place a bet on the 2014 superbowl. i will add this caveat : on April 3, 2031 at 5:28 pm, duck.
 
Re: When will the Dollar Collpapse ?

i say keep your gold, as long as the fed prints, the market will rise, and interest rates are so low, no one make make money from savings, people have moved from gold to the market to ride the wave, but it cannot last, david stockman has raised several warnings.

You can get 3% on 10yr T-bonds or 6% on junk bonds and mortgage securities. They're drawing money out of safe havens for stocks and bonds creating another booble.
 
Re: When will the Dollar Collpapse ?

You can get 3% on 10yr T-bonds or 6% on junk bonds and mortgage securities. They're drawing money out of safe havens for stocks and bonds creating another booble.

i saw the other day 10 yr CD, 1.5% interest......and i said, are you kidding me!
 
Re: When will the Dollar Collpapse ?

i saw the other day 10 yr CD, 1.5% interest......and i said, are you kidding me!

Yeah, I know the sorry banks don't need our cash because the gov gives it too them plenty cheap. All they have to do is sell their debt to the FED.

Interest rates when I need them the most probably won't go up in the next 5-10yrs but deflation could increase the value of our savings.
 
Re: When will the Dollar Collpapse ?

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.
 
Re: When will the Dollar Collpapse ?

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.
 
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.
 
Re: When will the Dollar Collpapse ?

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.
 
Re: When will the Dollar Collpapse ?

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.
 
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.
 
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.

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.
 
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