US Dollar Collapsing

[Hazir]

The bigger the bubble the longer it takes to pop, dollar is over century old, it could last for more than 50 years IMO.
I don't know how far we are already and if entered the period of 'prolonged bubble' or not.
We need to remember that the financial elite will do everything in its power to prevent a total collapse of this economic system based on illusion they created.
What will happen if people realize finally that the system is broken? War? Hyperinflation? I guess that we will see global economic crisis like never before.

I also recommend this thread, A Brief History of Modern Money: https://bitcointalk.org/index.php?topic=1314385.0

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[Yakamoto]

The bigger the bubble the longer it takes to pop, dollar is over century old, it could last for more than 50 years IMO.
I don't know how far we are already and if entered the period of 'prolonged bubble' or not.
We need to remember that the financial elite will do everything in its power to prevent a total collapse of this economic system based on illusion they created.
What will happen if people realize finally that the system is broken? War? Hyperinflation? I guess that we will see global economic crisis like never before.

I also recommend this thread, A Brief History of Modern Money: https://bitcointalk.org/index.php?topic=1314385.0

Chances are we're going to see the system "collapse" and then start again, like it has every other time throughout history. Just like the pound before it, the USD will rule for ~100 years and will then be replaced, like every other reserve currency that has ever existed.

As for what will happen, chances are we will see war like every other time throughout world history.

The fact of the matter is that the US is the world's only superpower and can quite literally curb stomp anyone trying to provoke something. Every other country is a global power (Britain, although I personally think they're more a regional power) or a regional power. The US losing its top position means that everyone can now fight each other since they're all on equal footing, more or less.

The USD is <60 years from the longest world reserve currency lifespan, and it looks to be accelerating to its death.

[MingLee]

It's kind of funny really, I like to read threads that get overly dramatic when they see the price of the USD devalue a little bit. People been saying that the USD was going to drop to nothing of value for years and yet nothing really happened all this time. Now that there is Bitcoin, there should be a larger chance of people exiting USD so they could get rich with Bitcoin though only a few people realize how much money they can make with it and they end up getting USD for it.

Well, there are a lot of legitimate reasons to be concerned when it comes to a world reserve currency slipping, especially when it is a fiat currency and has nothing backing it (although slides are to be expected under such conditions).
While a lot of people have said that the USD will become worth $0, most of them are just cons-men who are looking to sell their own product and get money for it. A currency never has to hit $0 for it to be replaced by something else. All that has to happen is for there to be a legitimate competitor with something of more value than the original.

[Hydrogen]

It may have taken more than a decade for the dollar to actually collapse.

But I think everyone knew it would happen eventually, with how broken the united states political system is, and how fiercely determined american politicians (and the international bankers pulling their strings) have been to overspend their way to oblivion and doom.

The only real questions are, what do we do when we reach that point and whether or not we're able to fix things.

[chineseprancing]

It may have taken more than a decade for the dollar to actually collapse.

But I think everyone knew it would happen eventually, with how broken the united states political system is, and how fiercely determined american politicians (and the international bankers pulling their strings) have been to overspend their way to oblivion and doom.

The only real questions are, what do we do when we reach that point and whether or not we're able to fix things.

I was not agree with this thread, maybe US Dollar was collapsing a little bit but, in general it takes a hundred decades before US Dollar going down.

[Idrisu]

Let's have some new news. The US dollar has apparently been collapsing for decades. They will only let it die when it suits them.

I do tell people from the third world countries whose currencies are being control by dollar's dominant to completely adopted bitcoin and blockchain technology as this will collapse the power of dollars over their local currency and stimulating they economic. Collapsing of dollar dominant is good for developing countries and if this has happened long time ago then I do believe now is the best time to berried it.

[Yuhee]

Let's have some new news. The US dollar has apparently been collapsing for decades. They will only let it die when it suits them.

I do tell people from the third world countries whose currencies are being control by dollar's dominant to completely adopted bitcoin and blockchain technology as this will collapse the power of dollars over their local currency and stimulating they economic. Collapsing of dollar dominant is good for developing countries and if this has happened long time ago then I do believe now is the best time to berried it.

Well it's good but sometimes 3rd world countries have more problematic issues to prioritize.  I think one of its collapse is due to the increase of other investing infrastructures or mostly here in bitcoins. Because bitcoin is really famous more and more investors are enticed to invest in btc because of some obvious bright side that it is tax free. Probably american millionaires are also turning some of there profits in btc because of the growing amount of btc. All you need is a good investments then you can have income in time and to this date btc has the highest underground change in dollars more than others.

[deisik]

It may have taken more than a decade for the dollar to actually collapse.

But I think everyone knew it would happen eventually, with how broken the united states political system is, and how fiercely determined american politicians (and the international bankers pulling their strings) have been to overspend their way to oblivion and doom

I don't really think that the political system of the US is actually broken

In fact, many people around me now really talk about how robust, resilient and resistant it is after Trump has been elected the US "champion". Trump kinda seems like a random dude who managed to make it to the top somehow, but the system obviously won't let him destroy itself. We have seen his executive orders mainly ignored, courts openly defying him, and he does seem to care, after all, otherwise he would be quickly displaced if he is unpopular (which seems to be the case) or just assassinated like Kennedy by the CIA (if he were)

[Pab]

I can agree exept cash,cash is backed by my pocket if will be crash you will know what is capital controll limited withdrawn of your money from your cards that time cash is king

[Hydrogen]

I don't really think that the political system of the US is actually broken

In fact, many people around me now really talk about how robust, resilient and resistant it is after Trump has been elected the US "champion". Trump kinda seems like a random dude who managed to make it to the top somehow, but the system obviously won't let him destroy itself. We have seen his executive orders mainly ignored, courts openly defying him, and he does seem to care, after all, otherwise he would be quickly displaced if he is unpopular (which seems to be the case) or just assassinated like Kennedy by the CIA (if he were)

It might help to talk a little about general areas where the political structure is broken.

Elon Musk's Space X budget is between 10 and 1000 times smaller than NASA's budget. Space X is constantly innovating and progressing space technology despite having a budget that is tiny in comparison to NASA's. While NASA spends many times more what Space X does without producing much in the way of postive tangible gains. This is one indication of how broken, inefficient and wasteful the US political system is.

In the US public schooling system, some schools have per student costs which are near to the cost of Harvard tuition. Another example of an broken, wasteful and inefficient state run program. Private schools in the USA are always far superior to state run public schools in terms of cost, performance and overall educational standards.

In terms of defense, the united states spends more on military funding than any country on earth. Yet, looking at recent news, it seems russia has superior military technology in some areas. One example of this is russia's new zircon hypersonic missiles which are nearing production. The united states, despite spending more than 10 times more on defense than russia, is nowhere near having hypersonic capable conventional missiles or ICBM's while russia will have both, shortly.

America's healthcare system is the most inefficient, wasteful and expensive on the planet. All of these inefficiences are not random, isolated, occurrences but rather symptoms of a broken political system.

There could be a reason why the united states military appears designed to be as fuel inefficient and expensive as possible. New US warplanes like the F-22 and F-35 have wings which are as small as possible to make them as fuel inefficient as possible. While russian warplanes typically have much larger wings and much better fuel efficiency. The same with tanks. The abrams M1 is equipped with a gas turbine which can be extremely fuel inefficient in comparison with the diesel engine other countries like russia use in their own tanks.

Is it an accident that many american industries like healthcare and products like wartime hardware are purposely built to be as inefficient and expensive as possible?

The F-35 program cost more than a trillion dollars, likely due to the political system being broken. A country like russia with a political system that is not dysfunctional could probably have built the same aircraft at a fraction of the cost.

Trump is doing some good but to fix the problems we have, we must first be willing to admit these problems exist.

That is not so easy for many.

[SpectivVR]

If you think about, in relation to Bitcoin, all currencies are falling really.

[fathur.aza]

What does the US Dollar collapse if it can reduce opinion in forex tranding?
To my knowledge only the US Dollar fell in value from other currencies.

[Yveen]

It's a bit early to say if it's going to collapse.I'd wait at least 1 year of Trump's administration to see how prices go.

[Xester]

It's a bit early to say if it's going to collapse.I'd wait at least 1 year of Trump's administration to see how prices go.

You have a point there but the author is speaking is not talking about the value of dollar but the gold reserves behind the US dollar. The author is implying that if Chinese can hold majority of the worlds gold then they will have dominance since they will exposed the US fake gold reserve. Another thing is that if the US will buy gold at China at a higher value the bulk of US dollar will go to China and that will make Chinese Yuan have a blast over US dollar. Either way in the long run as the author implies China will overcome USA and to be safe we must invest on bitcoin.

[Hydrogen]

The value of the dollar depends on its trading on the open market.

When the US wages war in the middle east at a cost of $6.5 trillion dollars.

The $6.5 trillion represents time(in worked man hours), wealth and productivity of the united states.

Spending $6.5 trillion without producing tangible positive gains, is like lighting a big mountain of money on fire, like the Joker in the Dark Knight.

One might say the dollar is collapsing as large sums of it are being destroyed without producing positive tangible gains, which in turn devalues or debases the currency and decreases its value.

[Lieldoryn]

I don't really think that the political system of the US is actually broken

In fact, many people around me now really talk about how robust, resilient and resistant it is after Trump has been elected the US "champion". Trump kinda seems like a random dude who managed to make it to the top somehow, but the system obviously won't let him destroy itself. We have seen his executive orders mainly ignored, courts openly defying him, and he does seem to care, after all, otherwise he would be quickly displaced if he is unpopular (which seems to be the case) or just assassinated like Kennedy by the CIA (if he were)

It might help to talk a little about general areas where the political structure is broken.

Elon Musk's Space X budget is between 10 and 1000 times smaller than NASA's budget. Space X is constantly innovating and progressing space technology despite having a budget that is tiny in comparison to NASA's. While NASA spends many times more what Space X does without producing much in the way of postive tangible gains. This is one indication of how broken, inefficient and wasteful the US political system is.

In the US public schooling system, some schools have per student costs which are near to the cost of Harvard tuition. Another example of an broken, wasteful and inefficient state run program. Private schools in the USA are always far superior to state run public schools in terms of cost, performance and overall educational standards.

In terms of defense, the united states spends more on military funding than any country on earth. Yet, looking at recent news, it seems russia has superior military technology in some areas. One example of this is russia's new zircon hypersonic missiles which are nearing production. The united states, despite spending more than 10 times more on defense than russia, is nowhere near having hypersonic capable conventional missiles or ICBM's while russia will have both, shortly.

America's healthcare system is the most inefficient, wasteful and expensive on the planet. All of these inefficiences are not random, isolated, occurrences but rather symptoms of a broken political system.

There could be a reason why the united states military appears designed to be as fuel inefficient and expensive as possible. New US warplanes like the F-22 and F-35 have wings which are as small as possible to make them as fuel inefficient as possible. While russian warplanes typically have much larger wings and much better fuel efficiency. The same with tanks. The abrams M1 is equipped with a gas turbine which can be extremely fuel inefficient in comparison with the diesel engine other countries like russia use in their own tanks.

Is it an accident that many american industries like healthcare and products like wartime hardware are purposely built to be as inefficient and expensive as possible?

The F-35 program cost more than a trillion dollars, likely due to the political system being broken. A country like russia with a political system that is not dysfunctional could probably have built the same aircraft at a fraction of the cost.

Trump is doing some good but to fix the problems we have, we must first be willing to admit these problems exist.

That is not so easy for many.

A great example of Russian propaganda. Only really the US economy is several tens of times more than Russia. The Americans are flying 5th generation aircraft, and the Russians have only 4 generation. Russian higher education cannot compete with American. All the rich Russians prefer to be treated in America and not in Russia. And goes on and on.

[seongyupyoo]

It's not going to happen before 2018. The US economy is actually doing quite well right now. I could see it happening eventually but I think you are safe with your fiat for a good while. These banks have a lot of fight in them and they're gonna do whatever it takes to keep things afloat. Greed is a powerful force.

[Yakamoto]

It's not going to happen before 2018. The US economy is actually doing quite well right now. I could see it happening eventually but I think you are safe with your fiat for a good while. These banks have a lot of fight in them and they're gonna do whatever it takes to keep things afloat. Greed is a powerful force.

There are a lot more factors to a dollar than just an economy and how good it looks on the outside.

While I'm not going to say that the US is in a state of collapse and everything is just going to be getting worse, it really is starting to dramatically degrade on the inside and there are a lot of divisions within that country that can escalate very quickly if people start to shove. If something like that happens, everyone takes a brutal hit and the US Dollar won't be viewed as strong if their citizens start fighting each other in the streets. Opens up a lot of other doors for things to happen.

[gabmen]

It's not going to happen before 2018. The US economy is actually doing quite well right now. I could see it happening eventually but I think you are safe with your fiat for a good while. These banks have a lot of fight in them and they're gonna do whatever it takes to keep things afloat. Greed is a powerful force.

There are a lot more factors to a dollar than just an economy and how good it looks on the outside.

While I'm not going to say that the US is in a state of collapse and everything is just going to be getting worse, it really is starting to dramatically degrade on the inside and there are a lot of divisions within that country that can escalate very quickly if people start to shove. If something like that happens, everyone takes a brutal hit and the US Dollar won't be viewed as strong if their citizens start fighting each other in the streets. Opens up a lot of other doors for things to happen.

well sadly I think your point is very much possible in a really short amount of time. although i can agree that the dollar right now is quite stable considering the situation that we're having politically and with the issues internationally. hopefully it can sustain though as a crash of the dollar will not only affect america but pretty much the whole world

[chineseprancing]

On my own opinion I think US dollar were not collapsing it was fluctuating because some coins or money in the market were still raised up that's why US dollar were bringing down. Moreover USD were takes a decades before collapsing