AtheistAKASaneBrain
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June 23, 2015, 12:58:21 PM |
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USD is pretty much relevant everywhere in the world. I doubt it's going to collapse any time soon.
It may not collapse in terms of network effect, but internally, technically it's headed to collapse due unpayable debts of every single American country, same goes for the Euro. These guys are really smart and they might as well be able to stretch their tricks endlessly and keep the currencies alive for longer than our lifetimes tho.
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funkenstein
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June 23, 2015, 08:53:59 PM |
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USD is pretty much relevant everywhere in the world. I doubt it's going to collapse any time soon.
We will win at Waterloo
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GreenStox
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June 23, 2015, 10:35:55 PM |
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Maybe we should pay more attention to RMB Yuan, for I think its future is bright. However, US Dollars won't collasp at all.
Well for that China has to find other exporters, because now it exports to the USA, if they cannot import anymore then China will go under too. China already signs big export deals with africa and south-e asia, and also Europe. So perhaps they are preparing for something.
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n2004al
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October 02, 2015, 10:52:35 AM Last edit: October 02, 2015, 11:21:20 AM by n2004al |
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A very big main post, to many words on it, to many references there and a very conviction that this event will really happen. We are at October 2015 and nothing like that is happened. For more the signs talk for the contrary. In the last two-tree months us dollar is increased about 25 % in value. To close my thoughts and to not write more about this question because I had written before in other thread about that the us dollar, according to me, will never crash. So every prediction, source, analyse, or whatever could be that which will told this thing will be always in wrong.
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operrajunk74
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October 02, 2015, 11:04:10 AM |
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I don't think that Dollar will be collapse in 2015 or in future days. The dollar has increased in value compared to all major currencies since he President Barack Obama took office. IF the dollar collapse then there will be a world wide financial down turn like the world has never seen as the dollar holds a eighty some odd percent of all currency traded in the world. But I don't think that dollar will be collapse.
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BitMaxz
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October 02, 2015, 11:23:54 AM |
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I think it never collapse our primary money because dollars is our primary money... maybe on 2090
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azguard
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October 03, 2015, 06:40:39 AM |
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I don't think that Dollar will be collapse in 2015 or in future days. The dollar has increased in value compared to all major currencies since he President Barack Obama took office. IF the dollar collapse then there will be a world wide financial down turn like the world has never seen as the dollar holds a eighty some odd percent of all currency traded in the world. But I don't think that dollar will be collapse.
second dollar is not gonna collapse any time, primary value on markets always first then other currencies
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Rw13enlib88 (OP)
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October 28, 2015, 02:01:05 AM |
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International Monetary Fund staff are set to give the all-clear for China's yuan to be included in the lender's benchmark currency basket, laying the groundwork for a favorable decision by policymakers, people familiar with the discussions said on Sunday. The IMF's executive board is scheduled to decide in November on putting the yuan on a par with the dollar, yen, euro and pound sterling and a key factor will be its performance against a checklist of technical criteria, as assessed by IMF staff. Three people briefed on the IMF discussions, who asked not to be named because of the sensitivity of the issue, said a draft report from staff reached a favorable conclusion on including the yuan, also known as the renminbi (RMB). http://www.cnbc.com/2015/10/25/imf-set-to-give-green-light-on-yuan-joining-currency-basket-sources.html
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danel
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October 28, 2015, 06:43:26 AM |
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^This is what the media wouldn't tell you. Since the beginning of the year Russia and China has been dumping their US treasury holdings and filling their Vaults with massive Gold purchases. The more they dump, the closer they are getting to an economic recession and eventually collapse.
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azguard
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October 28, 2015, 11:14:32 AM |
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^This is what the media wouldn't tell you. Since the beginning of the year Russia and China has been dumping their US treasury holdings and filling their Vaults with massive Gold purchases. The more they dump, the closer they are getting to an economic recession and eventually collapse.
read something about online but price of gold would come to bigger change but its stable any proof or article about this to share this
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jt byte
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October 28, 2015, 11:16:15 AM |
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I don't think that dollar will collapse because it's the first most popular currency in the world. I think that every year the value of 1 USD is deducted by 0.2%. Which means that whatever you bought today with 1$ after few years you have to pay more for that.
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DiamondCardz
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October 28, 2015, 12:11:40 PM |
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I think that every year the value of 1 USD is deducted by 0.2%.
That's not quite how inflation or currency exchange rates work. I don't know where you got that figure from, but it's neither very effective nor useful in proving a point.
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BA Computer Science, University of Oxford Dissertation was about threat modelling on distributed ledgers.
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neurotypical
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October 28, 2015, 04:02:29 PM |
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I don't think that dollar will collapse because it's the first most popular currency in the world. I think that every year the value of 1 USD is deducted by 0.2%. Which means that whatever you bought today with 1$ after few years you have to pay more for that.
Not in 2015, but it WILL collapse. The trends are set in stone now, there's no way this train cannot be saved from crashing against a huge wall of debt. The debt grows, while purchasing power of the individual shrinks. This is textbook recipe for an inevitable disaster. I hope that people has been stacking up their Bitcoin and metals game. Anything else just isn't safe.
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DiamondCardz
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October 28, 2015, 06:13:39 PM |
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The debt grows, while purchasing power of the individual shrinks.
Sorry, but it's statements like these that really make me stop and think about how far-fetched crypto-anarchists can get. This is basic economics. Inflation (or, as you put it, shrinking purchasing power) reduces the real value of debts. Your two statements actually cancel each other out more than being wholly bad. The US dollar isn't going to collapse. Get real, come on. Even if the US goes bankrupt, we will find a way, the world will not die and be consumed by fire. When you people point to increasing debt, you ignore the great recession that happened just 7 years ago. Think this just vanishes?
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BA Computer Science, University of Oxford Dissertation was about threat modelling on distributed ledgers.
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bitcoinvest
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October 28, 2015, 07:15:45 PM |
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first of all us dollar has collapsed a long time ago...about some years. and together with this all the other currencies....see euro and the fight the have to keep alive and play the game... but the point is not when the Dollar of US or Canada or and other dollar or EUR will go down..... the point is that the people understand that world change very fast we are not in 1900 we live in 2015.....go back your memory when bitcoin started ... who believed you when you told him that bitcoin will go so up that people will get paid for work in bitcoin? who believed you when you told him that this virtual currency will have real value out there ? .... you know the answer. ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) and what about now?? almost everybody knows about the principles of using virtual currency.. the point is not when will fall because we will not decide this moment, we don't have any switch that we will push to take it on or off... but we all together have the power to change things. we can be prepared and wait for this. entering the bitcoin world is really a big step for what will bring to us the future.. by the way i also belong to the 80% of the votes who say no to the poll..
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zimmah
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October 29, 2015, 01:50:01 AM |
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2015? No.
This century? Yes.
More specifically, probably before 2030, maybe before 2020
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nydiacaskey01
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October 29, 2015, 01:53:41 AM |
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Maybe if they start war against a well developed Country that's the start of collapse, but for now since they are always in the neutral stance and want's to keep distance on issues that might start a war, I don't think US Dollar will collapse soon.
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TastyChillySauce00
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October 29, 2015, 11:44:51 AM |
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i think it's impossible for dollars to be collapse in next 5-10 years because almost all of people around the world use this currency to make an online transaction, so the conclusion, dollars will not collapse for about next 5 years ![Grin](https://bitcointalk.org/Smileys/default/grin.gif)
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bitcoinvest
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October 29, 2015, 01:01:58 PM |
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what can change this 5 year period you say is something big like a war let's say.... did you hear the news of Micosoft for ETH ? have you seen the fact all the big companies have a very close look or already involved into digital currencies.. it's very clear to everybody that nobady trust anymore a broken dollar or a broken euro where the money that is in our hand have nothing to do with gold reserve... saying about Dollar collapse is like saying for Greece that will collapse.... how exactly??? since Greece has already collapsed... Greece is inside Euro but moves without money and that is reason for capital controls.... i give you an example... let's say you want to pay the loan of your house ok? you can do it only with 2 ways: - Pay with Cash money
- Transfer Money from bank account you have in another country
You can't pay with money you have to another Greek Bank.... Do you get it now? ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ![Huh](https://bitcointalk.org/Smileys/default/huh.gif) ? New money, you can pay ONLY with NEW money.... Now this situation is here but what tells you that will not go to Spain for example or Italy etc.... Bitcoin is a very good option to move and solve all problems.. of Dollar or Euro etc. etc....
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AtheistAKASaneBrain
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October 29, 2015, 02:54:16 PM |
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2015? No.
This century? Yes.
More specifically, probably before 2030, maybe before 2020
2020 is too soon, maybe even 2030. But definitely the cycle of the current fiat empire is crumbling. All fiat currencies have had cycles of about 70-100 years before they had massive collapses. Time is due that this insanely big and forever increasing debt gets wrecked into where it belongs.
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