Bitcoin Forum

Related news:

'Death of money': Author Rickards predicts collapse of global monetary system
Published time: May 28, 2014 19:43
http://rt.com/business/162084-dollar-collapse-monetary-system/

‘New gold fix may invite more players into market’
Published time: March 20, 2015 16:30
http://rt.com/op-edge/242673-gold-fix-price-banks-market/

Switzerland, Luxembourg apply for China-led infrastructure bank
Published time: March 21, 2015 16:03
http://rt.com/business/242897-switzerland-luxembourg-aiib-china/

When it comes to obituaries, US dollar is way worst than bitcoin, people have been predicting the collapse of the US dollar for decades.

Yeah, it has been at death´s door for as long as I can remember. If that elusive collapse is going to occur now at least it has good room, being at a multi-year high. But I think it´s due for some correction, the FED´s June hike seems to have been priced in several times over. Good luck, g

there is a chance that the euro might collapse first, seeing the recent trend, dollar seems strongher, i voted no

collapse? Do you ever check the trend of USD index?It's just break 100 a few days ago. The strong dollar is just beginning. If the Fed rate hike is coming, the USD index will break a new level.
Yes bitcoin is great and much better than any fiat, but it's hardly replace fiat.

The darkest hour is just before the dawn. Well, for the US dollar it may be the brightest hour before its ultimate collapse (if it is destined to happen at all), though I strongly concur that the euro might (and would) collapse first. And its sad fate could actually postpone the same fate awaiting the dollar...

By the way, the USDX traded highest in February 1985, when it reached as high as 164.72

I don't know how these economist make their predictions but definitely not this year for sure. Probably other currencies with fragile economy like euro will be more exposed and will suffer even worse fate compared to dollar and I see economic collapse in countries centered around europe and asia. And that especially taken into consideration that the rate hike will happen anytime soon this year.

I agree. Europe need so much oil. A weak euro is not good for Europe.

The US dollar won't be collapsing any time soon and most certainly not this year. I could see another financial crisis within the next few years, though.


People have been predicting the apocalypse for millennia too. People just like to create drama and attention seek by proclaiming the end times are near. Oftentimes they're trying to sell something to profit off the fear of it.

A lot of the "economists" are in fact speculators, and they are willing to put the economy and such in a bad daylight for their own personal gain.

US Dollar will definitely not collapse this year, also not next year. And also not the year after that. Everything will be done to keep it "alive".

Why US dollar? Why dont all fiats collapse and we'll just use Bitcoin as our Main money.

no.. not so soon

I've seen this 'dollar is dying' trend many times before. But in reality I don't think it will happen anytime soon. Dollar will be number 1 currency of the world. And won't collapse soon certainly not before China will be really ahead of US economically wise. Then maye yuan will take place of USD as global mainstream currency.

don't waste time with thinking the dollar will collapse any time soon.
there are other currencies in far worse shape. for example the euro.

I don't think usd can collapse any soon. Eur and chf are riskier right now

US Dollar collapse in 2015? Nah. I don't see that happening in any of our lifetimes. There is simply too much at stake.

Loan Student ... BooOOoom !
http://static-mb.minutebuzz.com/wp-content/uploads/2013/09/pentatonix.png

At least 35 countries to join China-led Asian infrastructure bank - interim chief

BEIJING Sun Mar 22, 2015 10:43am GMT

http://uk.reuters.com/article/2015/03/22/uk-china-aiib-idUKKBN0MI0AQ20150322

At least 35 countries will join the China-led Asian Infrastructure Investment Bank (AIIB) by the deadline of March 31, the bank's interim chief, Jin Liqun, said on Sunday.

Currently, India, Indonesia and New Zealand have expressed interest in joining the bank, he told a conference in Beijing, following a request by Britain, France, Italy and Luxembourg to become founding members.

"By deadline, (we believe) 35 countries, or more, will become founding members of the bank," he said.

What do you mean collapse? Go back to where it was half a year/1 year ago or totally collapse and anarchy?
I personally think the rise in value is only temporary and it will probably go back down.

You better hope it collapses the dollar is worthless except for the Ponzi bankers, this money puts you in debt and your children in debt.
Jobs are useless low paid, you go borrow to pay your debt, you cannot pay your debt, so they  print more money for the bankers to Ponzificate it to you the slave' who works for nothing in the long run.

Corrupt CEOs who work for the government are corrupt, senators mayors, police, and all those on Capitol hill.
Billions of your tax dollars going to arm this sect that sect, and you want it that way?, ffs

Should I say Kiev... you spent a lot of dollars there to prop up a puppet government and many other countries around the world.
Think of any corrupt government in the world "any" your tax dollars are there.

Should the dollar collapse  "Yeah"

Its funny how we constantly predict fiat (in regards mostly to USD) collapse, but in the end it pushes forward.
Dollar most certanlly wont collapse anywhere near 2015 (if it collapses at all), but it will however wage a big war with EUR in the following years.
TBH both currencies have a lot of problems and instability, but that doesnt mean that there will be some epic fail on their parts, since theyre competing with the rest of fiat money,
which has similar issues. The only thing that could happen is the rise of other valuables on the market compared to majority of fiat, like gold(but not much, since it already rised alot ), and bitcoins..

cheers

I think crisis could first start from some small countries on Forex market, and then followed by a currency war between major nations, and then the shock spread into domestic market, to reduce the people's trust in fiat money. But at the same time people must have alternative currency to move into if fiat money is losing traction, it will take some years

Exactly. The collapse potential of the Euro is much much higher right now than the USD. With that being said though in terms of real price inflation in the US that may go up very quickly in the short term if china starts dumping their USD back into our economy in exchange for goods and precious metals.

Behold, I bring you the solution:

How to fix the global economic meltdown https://www.youtube.com/watch?v=ExOj7NtcSwo

I think it will not collapse in 2015, but I guess in the next few years. Before this happens, the Euro will go down first.

The Euro has already collapsed, is now on the rebound. The Dollar has ballooned, is now correcting. Nothing unusual really, it´s just the market.

Eur and usd are imverse.. After euro is removed usd will be at peak prob 150ish then usd will goto 0

If the USD were to collapse, then you'd have bigger and nastier things to worry.

Not if when

Well it is good for export.

Right, and the strong dollar is terrible for U.S. exports. Also the higher the greenback the fewer dollars U.S. multinationals (which lead the stock market) get to book as revenue and profits back home. Which has to hit the stock market sooner or later unless it doesn´t really believe that the dollar´s strength will last for long.

The US exports consist of debt, so the higher the dollar the more they will be able to export their debt (since people across the world would value the US dollar dearer). The US international corporations trade in local currency, though their prices are still mostly bound to the US dollar exchange rate, thus their revenue stream may decline due to competition, but the degree of this decline remains to be seen...

The accounts they send the SEC and the market are squared in dollars so the higher the dollar the less worth in dollars their foreign revenue has to be on the books back home in the U.S.. Unless they have some cookery to cover that. Remember; a rising dollar imports deflation into the U.S.

I guess this will be offset by the corresponding stock market growth. Regarding deflation, the remedy is well known and tested in years (quantitative easing). The fact that it will support stock markets as well is also acknowledged and confirmed many times by now...

What a joke...don't you know that it is actually the Immortal Dollar?
It will never die!!!

The US Dollar is the backbone of this planet.
It's not going anywhere...it's staying right here.

Voted no, I don't think it will happend, atleast not in my lifetime. Maybe I have the dangerous mindset of 'it is too big to fail' but I am more inclined to believe we will see the Euro collapse long before the USD does.

I don't want the dollar to collapse. Would you like a world where the strongest currency would be Chinese?

I don't think that it will totaly colapse, they will save it

Pretty amazing, huh ? The dollar totally mauled the rest but has been retreating a bit lately. Not sure if the rally can be called off yet, we´ll see.

http://i1213.photobucket.com/albums/cc466/galdur/dlrvsrest.png

Low rates will trigger unrest as central banks lose control - BIS

Bank for International Settlements warns that low rates risk backlash as effects spill over into the real economy

 Low inflation, bond yields and interest rates around the world will push the boundaries of economic and political stability to breaking point if they continue on their downward trajectory, the Bank for International Settlements has warned.

The Swiss-based "bank of central banks" said the "sinking trend" of global rates would push countries further into uncharted territory.

It highlighted that $2.4 trillion (£1.6 trillion) of long-term global sovereign debt was now trading at negative yields, with an increasing number of investors willing to pay governments for the privilege of lending to them.

"As bond markets show us day after day, the boundaries of the unthinkable are exceptionally elastic," said Claudio Borio, head of the Monetary and Economic department at the BIS.

"The consequences should be watched closely, as the repercussions are bound to be significant."


http://www.telegraph.co.uk/finance/economics/11479425/Low-rates-will-trigger-civil-unrest-as-central-banks-lose-control-BIS.html

Negative rate proves that banks do not care about making profit by customer deposit, but focus on printing money and loan them out. Don't know how long this business will continue, but it will take many years before people escape fiat money at large scale

When interest rates rise, the dollar will become incredibly strong, IMO.

rates can only rise to about 3% before bankruptcies set in.. its all relative. It won't increase the rate too much fundamentally... fundamentally (not speculatively) the rate depends on the swap rate and at 4% other central banks will also raise so really it may rise against EUR or CNY but the other commodity based currencies will also rise the same amount so USD as a basket may hold steady or go down.

Bond yield and price trade in opposite directions, the lower the yield the higher the price of the instrument and vice versa. Now; financial institutions and indeed the FED itself are leveraged to the hilt and then some. So, it wouldn´t take that much hikes to pretty much wipe out their capital. Hence, all the QE desperation in past years.

Well, nothing lasts forever I guess. We´ll see how it unfolds in the coming months. The FED will begin hiking rates or so the dollar says. The FED´s problem is that they can´t really start a hiking trend and then soon reverse it. That would not be taken kindly in the market. After they say a they´re forced to say b and so on.

Everything you say it's true, but there is a big difference from "it should" to "it's going to". I think the dollar scam is still powerful enough to be running for at least a couple decades now. Of course we'll see BTC being the antagonist of this and raising in the meantime so all's good.

The dollar has so much popular opinion around it. Every country in the world would help support it if it began to fall apart.

This has been predicted for 2014, 2013, 2012, etc.

Not going to happen.

Thats what they want you to think..

Canada's export agency signed a deal with China's biggest bank on Monday to promote the use of the yuan as a settlement currency in trade-related transactions, as officials in Toronto launched the first yuan trading hub in the Americas.

"It means that trading will be enhanced, it means that costs for Canadian importers will be made more efficient," Oliver told reporters at the hub's launch event.

The Canadian Chamber of Commerce estimated in November that the trading hub could boost Canadian exports to China by C$32 billion ($25.44 billion) over the next decade, and cut Canadian importers' costs by as much as C$2.75 billion.


http://www.reuters.com/article/2015/03/23/canada-china-yuan-idUSL2N0WP27M20150323

I agree. However I feel you may have missed one supposition here. What if they don't want to save the country? What if they want marshal law? A final stroke to usurp the rest of the power that lies with the States and the People.

No way.  USD is looking strong due to recovering US economy.  We don't need a USD collapse for bitcoin to do well.

While it is true that the USA is on a long term unsustainable path - current account deficit and growing government debt - that does not mean the USD will collapse anytime soon.  Just no way to know when.

Good Luck!

Where should we better keep the savings though? real-estate? gold?

Well too bad this doomsday scenario won't actually happen so you won't be able to say, "I told you so!" Buuuuut, now that I said that. If it happens you can come back to this and say it! (But it won't.)

It is the export make USD worth something: Foreigners need USD to buy products/assets from US. If export stopped, huge amount of USD will become useless and sold by foreigners and the value of USD will crash

O'really? If so, how did it come to happen that the US net exports are negative overall with a trade deficit of almost 41$ billion just in January of 2015? Is it a mere coincidence that in the recent years the biggest trade deficits were recorded with China and Japan, which also happen to be the largest holders of the US debt?

So what is actually the United States exporting?

They´re exporting debt and if there are any snags the CIA and the military are quick to set that right again.

Good luck, g

Did De-Dollarization Just Reach Escape Velocity? China's New Silk Road & Putin's Eurasian Trade Network


Submitted by Tyler Durden on 03/24/2015 - 23:00
The New Silk Road, actually roads - boosted by a special, multi-billion-dollar Silk Road Fund and the new Asian Infrastructure Investment Bank (AIIB), which, not by accident, has attracted the attention of European investors - symbolizes China’s pivot to an old heartland: Eurasia. Beijing has been quick to dismiss any notions of hegemony. It maintains this is no Marshall Plan. China, on the other hand,  is focused on integrating “emerging economies” into a vast, pan-Eurasian trade/commerce network. And that, crucially, would have to include Russia, which is a vital part of the New Silk Road through an upcoming, Russia-China financed $280 billion high-speed rail upgrade of the Trans-Siberian railway. This is where the New Silk Road project and President Putin’s initial idea of a huge trade emporium from Lisbon to Vladivostok actually merge....

http://www.zerohedge.com/news/2015-03-24/did-de-dollarization-just-reach-escape-velocity-chinas-new-silk-road-putins-eurasian

Gold - Silver - Bitcoin


Historically speaking, the gold silver ratio has rested somewhere between 15 and 10 to 1, reflecting the average supply of each metal. There have been times throughout the history of money where the ratio has been even lower—China had a 4 to 1 ratio at one point and the ancient Egyptians demonstrated a 1 to 1 ratio at one point.

http://www.silver-coin-investor.com/gold-silver-ratio.html


http://taxfreegold.co.uk/goldsilverratioshistoric1970onward.html

than, seems like bitcoin could be new gold

sorry, i tried to move on the deathline but i couldnt, i reset the poll by mistake  :D :D

US Dollar collapse in 2015?  (Voting closed: March 29, 2015, 12:46:14 AM)
(not sure, but around 1-4)
Yes: ~10
No: ~40