How long till the end of the USDollar?

[Hawker]

I think they can keep the dollar propped from a total collapse for a long time yet. Too much debt owed to too many countries for it to go away. China may be looking at an alternative, but it would be against their interest to let the dollar collapse.

Inflation will kill us, and we'll start using alternate currencies, and bartering for goods. They'll prop fiat up until after you need a wheelbarrow full to buy a loaf of bread.

You do know that the long term problem faced in the West is deflation don't you?  Inflation has been dead for over 30 years.

[deisik]

Simply move out of the city and build one of these.



Do you consider this a dugout?

No electricity, no gas supply, no hot and cold water, no toilet... Actually, not very far from a dugout, provided the walls are made from earth. It may look pleasing to the eye, but I don't think this hovel makes a decent, safe and sanitary dwelling...

A hippie retreat!

[bobbit]

I think they can keep the dollar propped from a total collapse for a long time yet. Too much debt owed to too many countries for it to go away. China may be looking at an alternative, but it would be against their interest to let the dollar collapse.

Inflation will kill us, and we'll start using alternate currencies, and bartering for goods. They'll prop fiat up until after you need a wheelbarrow full to buy a loaf of bread.

You do know that the long term problem faced in the West is deflation don't you?  Inflation has been dead for over 30 years.

Well, if deflation is a general decline in prices, caused by a reduction in the supply of money or credit, I'm not so sure. I see rising prices on everything, not a decline in them. I see people locally getting raises, which leads me to believe money is more available, but worth less...and depending on type of credit, some is easy to obtain...including loans for land. At least here.

I don't consider myself a financial genius by any means, I just don't see a big fast collapse of the dollar...too many forces at work.

I'm always open to hear other views, and learn new things though.

[uk1]

5 years max

[dank]

Simply move out of the city and build one of these.



Do you consider this a dugout?

No electricity, no gas supply, no hot and cold water, no toilet... Actually, not very far from a dugout, provided the walls are made from earth. It may look pleasing to the eye, but I don't think this hovel makes a decent, safe and sanitary dwelling...

A hippie retreat!

I'm quite sure that house has all of the above, except maybe gas, but why do you need gas?

It is much more safe than the houses we live in today, it is more resistant to high winds, tornadoes and earthquakes.  It is better for your health too, better than humans breathing in the byproducts of air conditioners and heating elements daily.

It is also less expensive and you can build your house exactly how you want it.

[deisik]

No electricity, no gas supply, no hot and cold water, no toilet... Actually, not very far from a dugout, provided the walls are made from earth. It may look pleasing to the eye, but I don't think this hovel makes a decent, safe and sanitary dwelling...

A hippie retreat!

I'm quite sure that house has all of the above, except maybe gas, but why do you need gas?

It is much more safe than the houses we live in today, it is more resistant to high winds, tornadoes and earthquakes.  It is better for your health too, better than humans breathing in the byproducts of air conditioners and heating elements daily.

I strongly doubt about that. I see no electric wires but I see kitchenware outdoors, so I guess the food is cooked over a campfire. Without electricity you might use gas for cooking, so no gas either. Central water supply is probably also absent (iron trough outside), so no toilet (perhaps an outhouse somewhere around). Earth walls are just plain insanitary, next to nothing beside log walls...

In any case if it has all of the above how would you call that "back to earth"?

[dank]

No electricity, no gas supply, no hot and cold water, no toilet... Actually, not very far from a dugout, provided the walls are made from earth. It may look pleasing to the eye, but I don't think this hovel makes a decent, safe and sanitary dwelling...

A hippie retreat!

I'm quite sure that house has all of the above, except maybe gas, but why do you need gas?

It is much more safe than the houses we live in today, it is more resistant to high winds, tornadoes and earthquakes.  It is better for your health too, better than humans breathing in the byproducts of air conditioners and heating elements daily.

I strongly doubt about that. I see no electric wires but I see kitchenware outdoors, so I guess the food is cooked over a campfire. Without electricity you might use gas for cooking, so no gas either. Central water supply is probably also absent, so no toilet (perhaps an outhouse somewhere around). Earth walls are just plain insanitary, next to nothing beside log walls...

Kitchenware?  That's a cup.  No electric wires?  They're in the wall.  Electric stove tops cost $100.  Water supply?  Called a well.

I would personally prefer people poop away from my house anyways.  But the great thing is, if you want people pooping in your house, you can build a bathroom inside, because you sorta build it yourself.

How is earth unsanitary, please enlighten me.  If I recall correctly, man made items are the cause of this modern problem of cancer.

[deisik]

Kitchenware?  That's a cup.  No electric wires?  They're in the wall.  Electric stove tops cost $100.  Water supply?  Called a well.

I would personally prefer people poop away from my house anyways.  But the great thing is, if you want people pooping in your house, you can build a bathroom inside, because you sorta build it yourself.

So the only thing which justifies this house as "back to earth" is its earth walls, right?

What are these "earth" walls made from actually? Some type of concrete or plain old clay?
Whatever it might be, wooden logs are much better, their only drawback being combustibility...

[deisik]

How is earth unsanitary, please enlighten me.  If I recall correctly, man made items are the cause of this modern problem of cancer.

Have you ever heard about worms, microbes and other evil creatures that live in soil and carry or cause various diseases?
This modern problem of cancer? Are you kidding?

Cancer has been known since ancient times...

[Hawker]

I think they can keep the dollar propped from a total collapse for a long time yet. Too much debt owed to too many countries for it to go away. China may be looking at an alternative, but it would be against their interest to let the dollar collapse.

Inflation will kill us, and we'll start using alternate currencies, and bartering for goods. They'll prop fiat up until after you need a wheelbarrow full to buy a loaf of bread.

You do know that the long term problem faced in the West is deflation don't you?  Inflation has been dead for over 30 years.

Well, if deflation is a general decline in prices, caused by a reduction in the supply of money or credit, I'm not so sure. I see rising prices on everything, not a decline in them. I see people locally getting raises, which leads me to believe money is more available, but worth less...and depending on type of credit, some is easy to obtain...including loans for land. At least here.

I don't consider myself a financial genius by any means, I just don't see a big fast collapse of the dollar...too many forces at work.

I'm always open to hear other views, and learn new things though.

Fair points.

Inflation is a narrow measurement of price increases of a basket of specific goods.  Its low or non-existent in the Western economies.  It doesn't include house prices, rent or share prices so its fair to say that some things are getting much more expensive.  The theoretical reason deflation is a problem is that there is a global gut of savings - some inflation might force people to spend the savings and thus get the economy moving.

[bobbit]

No argument from me on that. There are days I wish it would all collapse fast, and other days I hope it doesn't. I just keep preparing and trying to minimize the effect it will have, if it happens.

I think they can keep the dollar propped from a total collapse for a long time yet. Too much debt owed to too many countries for it to go away. China may be looking at an alternative, but it would be against their interest to let the dollar collapse.

Inflation will kill us, and we'll start using alternate currencies, and bartering for goods. They'll prop fiat up until after you need a wheelbarrow full to buy a loaf of bread.

You do know that the long term problem faced in the West is deflation don't you?  Inflation has been dead for over 30 years.

Well, if deflation is a general decline in prices, caused by a reduction in the supply of money or credit, I'm not so sure. I see rising prices on everything, not a decline in them. I see people locally getting raises, which leads me to believe money is more available, but worth less...and depending on type of credit, some is easy to obtain...including loans for land. At least here.

I don't consider myself a financial genius by any means, I just don't see a big fast collapse of the dollar...too many forces at work.

I'm always open to hear other views, and learn new things though.

Fair points.

Inflation is a narrow measurement of price increases of a basket of specific goods.  Its low or non-existent in the Western economies.  It doesn't include house prices, rent or share prices so its fair to say that some things are getting much more expensive.  The theoretical reason deflation is a problem is that there is a global gut of savings - some inflation might force people to spend the savings and thus get the economy moving.

[dank]

How is earth unsanitary, please enlighten me.  If I recall correctly, man made items are the cause of this modern problem of cancer.

Have you ever heard about worms, microbes and other evil creatures that live in soil and carry or cause various diseases?
This modern problem of cancer? Are you kidding?

Cancer has been known since ancient times...

You're such a troll.

[mladen00]

Maybe US$ will survive, but inflation... now it depends on those that have US invesment bonds (Japan, China) with +2000.000.000.000 $ in bonds.
When they activate the bonds....

[Kiki112]

Maybe US$ will survive, but inflation... now it depends on those that have US invesment bonds (Japan, China) with +2000.000.000.000 $ in bonds.
When they activate the bonds....

the $ will definitely survive, it  might become worthless but it will survive

[Hawker]

Maybe US$ will survive, but inflation... now it depends on those that have US invesment bonds (Japan, China) with +2000.000.000.000 $ in bonds.
When they activate the bonds....

the $ will definitely survive, it  might become worthless but it will survive

As long as you can use it to pay taxes it has value. 

[Spendulus]

Maybe US$ will survive, but inflation... now it depends on those that have US invesment bonds (Japan, China) with +2000.000.000.000 $ in bonds.
When they activate the bonds....

the $ will definitely survive, it  might become worthless but it will survive

As long as you can use it to pay taxes it has value.  

Actually that's a pretty important point.  Consider a future scenario a few years off....

...you and most everyone has USD/Pounds/Euros/etc and have bitcoins....

...what you going to pay taxes with?  The most worthless thing in the bucket.  What you gonna hang onto?  The bitcoin.  This actually argues for the continued existence of the Most Worthless.

[morphKET]

i'm going to say it will take about 5-10 years. the end is happening now. the dollar is dying right as we speak. yes there will be some trivial bumps along the way like another 2008, but it's dead. the dollar is on it's last gasps of air. and no, there is no way to bring this thing around. unless the fed goes, irs and all other psychos attached to it, than it MIGHT be able to change. but i sincerely doubt that either way. dollars got to go along with the old fiat system. it's been the restriction on humanity for far to long.

[andreja1982]

End of USD means big start of BTC and others cryptocurrencies

[Kiki112]

End of USD means big start of BTC and others cryptocurrencies

no it doesn't, it means a new currency will be born or an another one will be used, this would have absolutely no influence on bitcoin
but we're arguing for no reason as this isn't going to happen in our life span 

[dank]

Sure it will.  Within the next decade.