Bitcoin Forum

Just the other day I got an email in which Ron Paul, libertarian icon, former member of Congress from Texas and father of the Republican presidential candidate Rand Paul, eagerly proclaimed that his “final prediction of a dollar collapse is about to become reality.”

The email was a bit extreme, perhaps, with references to the hyperinflation of Weimar Germany, Robert Mugabe’s Zimbabwe and the Book of Genesis. But Mr. Paul’s dire premonition fits within an overarching Republican proposition that the Obama administration and the Federal Reserve are relentlessly undermining the American economy.

Other, more serene analysts have also predicted a weak dollar. Martin Feldstein, who was a top economic adviser to President Ronald Reagan, argued some five years ago that the country’s large trade deficit and ultralow interest rates, coupled with sales of United States assets by international investors and changes in the Chinese economy, would push the dollar down over coming years.

They were exactly wrong. The dollar’s rise, which started virtually the day Professor Feldstein made his prediction in 2011, shows little sign of abating. It amounts to only the third instance of such consistent appreciation since Richard Nixon took the United States off the gold standard in 1971.

The American economy might just be bumbling along, but it is doing substantially better than the rest of the advanced industrial world. “It is quite natural,” said Barry Eichengreen of the University of California, Berkeley, “that the currency of the country whose economy is least bad should have the least worst currency.”

http://www.nytimes.com/2016/01/27/business/economy/the-dollar-keeps-rising-for-good-or-evil.html?ref=economy&_r=0

A very good conclusion here:

Dollar was rising becouse of  market speculation,it has nothing to economy
1 year from now what will be dollar price and to witch currency
Email from Ron Paul,does that email was really from Ron Paul

I think that it will be good for Bitcoin as the price of Bitcoin would be the same, but the value would be higher.

Look at this:

http://www.usdebtclock.org/


the valuation cannot be sustainable.
and the bigger the speculation bubble is, bigger will the fall

i think if the dollar rose only affects users of dollar itself and the population of America, there needs getting cheaper goods

"The dollar’s rise, which started virtually the day Professor Feldstein made his prediction in 2011..."
The time frame is way too short; Look at the real value of the Dollar since the start of the Federal Reserve and you will be lucky if the remaining value is still ~2%.

Why would a strong dollar relative to other nations' currencies be good or bad for U.S. trade?i heard we close to global crisis part 3?

You are right but higher the dollar will be higher the price of bitcoin
The increase in price has to be stable without much deviation

To be quite honest... I don't even understand how that clock is legitimate. I know the debt is something stupid and all, but I don't see how it increases X amount of dollars per second.  I feel that it would be more realistic if it were to change once the government borrows some money from over seas or something like that, but I can't see it being so continuous to where it doesn't stop.  Does any one have any explanation about this?

The government has been borrowing at such a steady (and increasing) pace that an average can be deduced.

It's the same for the number of people on earth. We don't know how many are really born every second, but we can guess based on an average.

in long term, dollar prices will go up against local currencies ..  it is expected situation ..

You can navigate through years and its obvious that the debt is increasing proportional with passing time, and given the general state of the matter in the
economy, i dont see this trend changing any time soon, if ever.
Either way you turn this around, price of bitcoin should increase compared to the usd, both on the inflation data, and comparative by properities of the two.

The dollar has still a good 20 to 30 years to go in my opinion. in 10 years, things will look very different. Bitcoin will be 5 figures minimum and the use will be widespread already, and it will be a direct competitor. In 20 years, anyone holding 21 BTC now will be rich, and we will start seeing some serious stuff, with dollar collapse type news in mainstream media. in 30 years, im afraid some sort of big war may have happened, and BTC will reign supreme as the to-go currency, defeating gold as the global value standard.

Of course, this all may happen in 10 years for all I know.

Exactly.

I agree with the sequence of events, with the assumption that one thing will be done in that span of time... That the bitcoin devs start agreeing with each other and fix the core foundation of bitcoin before it's too late.  If that's not done, and there still hasn't been anything that has been accomplished to help enable more transactions to be made without maxing blocks out, then there might be some big trouble (for us bitcoin holders).  I mean think about it, if that's the case where every single block is being maxed out and people can hardly use bitcoins for every day transactions, then how the hell can we expect that if there is some sort of collapse of the dollar that everyone will just readily go to bitcoin?

They will just simply go back to the old way of doing business, and that's with a system that goes back to the gold standard.  I would imagine that in the future, if/when all the worlds fiat systems collapse, that bitcoin or any other future cryptocurrency will have to be priced in the amount of gold...

Bitcoin needs to do some serious work "under the hood" before this happens, because if it's not ready by the time of the collapse, then there will be no adoption at all.

When the dollar is strong, money will flow from other nations into US to get higher interest. So it is bad for other nations.

A Dollar too strong can also be bad for the US export industry because products become more expensive.And that again is good for competition from outside of US.
There are always two sides of a medal!

If dollar keeps raising, BTC price also keeps raising. So it is good news in fact. It is sign of good economy.  ;)

You must know that Bitcoin is also rising so that is very good for those who made an investment in Bitcoin.
But you never know what can happen later with the value, but I hope that the value of Bitcoin will rise for a long time and that will be so good.

+1. seems like politicians are preparing a good shake.

Bitcoin fully depends on dollar if dollar rising bitcoin is gonna fall. Am i right? I am so bad in economics and other similar sciences.

That trillion dollar has been popped back in 2008 make it even better lol.

The more that grows, its a ticking time bomb eventually ready to pop, but will be the longest old bubble.

The politicians will hope that this debt is never paid back and the bubble goes on exploding.
This bubble pop will be felt all over the globe.

I believe the increase in price to be a good for bitcoin. The reason is that when dollar value increases the cash out got from bitcoin conversion will also be high.

Its a shame too.

We already seen the slow potential problems after when that whole financial crisis hit. Everything was slow, too many lay offs, people being broke.

The demise of the dollar has been predicted probably since it began centuries ago, and I've been hearing the same prognostications from the precious metals crowd for years now.  I hate to say bring it on, but everyone is crying wolf.  I don't say that it can't happen, but it's not looking like armageddon is going to happen in my lifetime.

For the people that life in America this is a good thing but it will give America more power. And for the people that want to go on vacation to America this is not the best thing for them.

if it keeps rising I think it was pretty good, and maybe it will affect both also for bitcoin users. Well we often swap bitcoin to the dollar, so it might be quite nice

The dollar has lost most of its purchasing power in the last 50 years. It is rising only compared to other trash currencies like the Euro. And even that may only be temporary.

The reason is simple: The European Central Bank fully opened the floodgates for Quantitative Easing, while the Fed decided to slow down the stream a little bit. If you're reading the economic data correctly (which means filtering out bogus statistics), you will soon notice that the Fed will return to fullscale QE within an instant. I'd say not more than one year.

Then the competition between the Western regimes, of who owns the better trash currency will start a new round...

ya.ya.yo!

Dollar is decreasing,will be no rates increase,usa is entering in to recession,so what FED will do now,thay willl lower rates below zero and another trilions,forgot dollar will rise