there is one thing onely that can save the usa dollar

[stompix]

I think this is not the first time you mentioned URSS. I assume you are referring to USSR every time?

Caps, fat fingers and an autocorrect that somehow recognize URSS rather than USSR as a valid name are to blame.   And of course...not paying attention before hitting post!

I don't know how old you are but I've watched documentaries of the US of old and old interviews and in those videos it was quite common to hear people casually alluding to a falling USD, a sovereign currency which was perceived to be losing its power sooner rather than later.

I'm 40+, I was raised in a communist country, I've seen and heard this bs about the failure of the US since I was a 6yo kid when they dressed me up and put a flag in my hand to wave at our great leaders, while the whole country was on foodstamps in the '80es,  nearly till I finished high school.

But until now all I can see is a strong USD which is still the most powerful global reserve currency at 62%, the green currency which my countrymen have been longing to hold all their lives, the money which people are setting as a sort of an ultimate goal that they are willing to let go of their families and their managerial jobs in exchange for dirty jobs for the sake of its value, and so on.

This is a bit ironic, I couldn't stop myself smiling reading this.
You know, the dollar was more sought during communism here than it's now without it, and it's the same in other countries in Europe that have not switched to the Euro, the more the talk about the imminent collapse the more valuable and harder to get it become, and it's all because that if we ignore the people that all day are predicting collapses and dooms and famine and god knows what the majority in this world trust the green notes. I've seen this in my short trips to Asia and Northern Africa, there is an exchange in every village there is always a hotel and a restaurant that will accept directly $, people that don't care about zerohedge, people that know the notes can be exchanged at ease for anything valuable.

[wxa7115]

foregin investors getting off the usd, usa dont like this!


there is only one thing what can save the usa dollar its a war the usa last hope.

the war if its start it will start before the  covid second wave crisis.

It is known that historically wars have been used by those in power to consolidate their power and obtain profits, this is nothing really new and are many instances of this happening, however if that is truly what you think then why you don't tell us which will be the right opponent for the US? Because while there is little doubt the US has superiority when it comes to the technology aspect of any war, one of the most important aspects is for the leaders of the country to have the will of their people to go to war.

Do you really think that the US which is facing a pandemic, an economic crisis and a social crisis so deep that is questioning their own values as a nation that they have what it's needed to win a foreign war? Because for what I see I don't think the US citizens are willing to go to war right now.

[exstasie]

Yes I would expect the us $ to get stronger, a lot. When? Timing is always tricky, could be weeks, could be months (years?). And let's be honest it's not in the best interest of the US (and of the us $ world debtors) to have a stong currency right now. But I don't think they will have the choice.

Yep, it was extremely important to the Fed to prop up the equity and crude oil markets. A weak dollar facilitates exactly that, which almost makes me wonder if there is more to this narrative than meets the eye.

I agree with you, more or less. I still find Raoul Pal's "dollar wrecking ball" theory for debt deflation to be fairly persuasive. https://twitter.com/RaoulGMI/status/1254110879479746562

Timing it is damn near impossible though.

[bits4books]

You don't have a very good knowledge of Economics I suppose if you think the only way out for the United States is war right? The war will only worsen the state of things both inside the country (very shaky) and outside. If the United States starts a "small victorious war" it will lead to General censure and even greater decline rather than to a return to normal. Do you even understand what you said?

[DoubleEdgeEX]

A war is the method of choice for 200 years, why step away from it? The USA don´t even have to win, I mean, when was the last time the USA won a war? Vietnam no , Afghanistan, no. They should fight Europe, that would be an easy win. If they mess with China, they will lose, that´s for certain. They really need to think about something to get out of this debt economy cycle

[Kong Hey Pakboy]

foregin investors getting off the usd, usa dont like this!


there is only one thing what can save the usa dollar its a war the usa last hope.

the war if its start it will start before the  covid second wave crisis.

I don't understand why war is the only solution that you have think to save the US economy? Do you know if the US would start a war a lot of countries would get affected and the situation could get worst. So the best way to save the US is make a vaccine, and governments and citizens should work together to stopped the active numbers of virus cases.

[LogitechMouse]

It can be the only solution but it will be catastrophic one and it will affect the whole world.

We are already suffering from the pandemic and now you are saying that wars are the only way for the USD to save. Can you site some reasons or proofs that this is the only way that can save USD?? Right now we are in the digital era and the US can recover from these the digital way. It isn't the wars that will help them but something that can be done digitally. Maybe some hacking or anything that is digital related. I'm not saying that this is the way but just an assumption.

Thanks for you kind words though Mr. Jr. Member
#sarcasm

[bits4books]

You don't have a very good knowledge of Economics I suppose if you think the only way out for the United States is war right? The war will only worsen the state of things both inside the country (very shaky) and outside. If the United States starts a "small victorious war" it will lead to General censure and even greater decline rather than to a return to normal. Do you even understand what you said?

At any cost US won't go with a war directly. US always tries to make business, and getting into a war between any two countries indirectly helps with the weapon supply. This is how US plans to get out of the ongoing dollar devaluation. If it starts a war with any of the country directly it'll also experience a huge loss, but an indirect participation help them in upliftment.

Apart from the endless war on terrorism (in which the US takes part on both sides), there are no other wars anymore and they are not expected in the near future, for sure. This is because a) no one needs wars b) the wrong time.
Even China isn't stupid enough to start a war. In the future, I think we will have a conflict for our favorite "black" continent, but for now, surely no

[Barnabe]

Would you please us tell why a war would be the US Dollar's last hope?

The usual recycled URSS propaganda now regurgitated by everyone who wants to blame somebody else for his own failures.
The capitalist pigs will be slaughtered and their economy will fall unless they will finance a costly war with their bankrupt economy...fuck logic! And this BS comes over and over again, the US will save its economy with a war, how...that is not something the average Joe has knowledge about as it implies economics, not studies in reptilian cosmology. The war in Iraq was something at around 2.5 trillion if we price the barrel of oil at 50$ at the start of the war that's 50 billion barrels of oil or 200 years of production, although most of the exploitation is done by Russia and China right now but who would bother with those, we all know USA invaded Irak to steal its oil. /s

That aside, I've been hearing about the collapse of the dollar since I was born, I've heard of it at the start of the century, I've kept hearing about it when my child was born and the way things are going my grandchild will hear about this when he will tell stories to his own grandchildren.

If you look at the value of USD vs gold you can argue that the collapse is ongoing.

[exstasie]

If you look at the value of USD vs gold you can argue that the collapse is ongoing.

In that case, you could argue that gold was collapsing from 2011-2015. I would say both are exaggerations.

What is probably really happening: U.S. Bond Markets Are Driving Force Behind the New Gold Rush

Near-zero and even negative yields in the US bond market are driving investors away from the USD. Meanwhile, the combination of Fed QE, fiscal stimulus, and inflation fears are driving risk assets like precious metals, equities, and BTC to the moon.

[AmoreJaz]

A war is the method of choice for 200 years, why step away from it? The USA don´t even have to win, I mean, when was the last time the USA won a war? Vietnam no , Afghanistan, no. They should fight Europe, that would be an easy win. If they mess with China, they will lose, that´s for certain. They really need to think about something to get out of this debt economy cycle

i really dont think war is the solution from this. why not speedy release of vaccine to the public? we already have sophisticated instruments, gadgets, equipment, that can help in accelerated development of this vaccine. and hopefully before the end of this year, the vaccine will be available to everyone. if most of us can get back to our work, the economy will be live again. and that war, is not really a good solution!

[Barnabe]

If you look at the value of USD vs gold you can argue that the collapse is ongoing.

In that case, you could argue that gold was collapsing from 2011-2015. I would say both are exaggerations.

What is probably really happening: U.S. Bond Markets Are Driving Force Behind the New Gold Rush

Near-zero and even negative yields in the US bond market are driving investors away from the USD. Meanwhile, the combination of Fed QE, fiscal stimulus, and inflation fears are driving risk assets like precious metals, equities, and BTC to the moon.

You can do the same analysis with any other currency, the USD is losing value over time. Since the FED has shown no intention in stopping printing money (especially int hese last few months), one can assume that this situation will not change in the near future.

[abhiseshakana]

i really dont think war is the solution from this. why not speedy release of vaccine to the public? we already have sophisticated instruments, gadgets, equipment, that can help in accelerated development of this vaccine. and hopefully before the end of this year, the vaccine will be available to everyone. if most of us can get back to our work, the economy will be live again. and that war, is not really a good solution!

War does not always have to be in the form of combat or gun wars. There is a trade war like the one between America and China or a pandemic which is assumed to be a biotechnology war. There is talk that in some time Trump will be waging a currency war. As we all know, the dollar dominates world trade and is used as a tool to stabilize the national currency. So many countries depend on the dollar. So that America, who owns the dollar, can use the dollar as a weapon to suppress and fight against other countries. In a very light stage, the embargo carried out by the United States is enough to confuse many countries. Moreover, if America reset the value of the dollar, many countries with a deficit in their trade balance and small foreign exchange reserves would be badly hit.

As Henry Kissinger thought, you control food, you control people, you control the energy you control the nation. If you control currency you control the world, you control health you control life.

[cryptoboss2020]

funny but look at the china and russia economy the inflation there is even higher then in usa
and nobody dont talk about russia and china?

or im wrong??

[Sanugarid]

A war is the method of choice for 200 years, why step away from it? The USA don´t even have to win, I mean, when was the last time the USA won a war? Vietnam no , Afghanistan, no. They should fight Europe, that would be an easy win. If they mess with China, they will lose, that´s for certain. They really need to think about something to get out of this debt economy cycle

i really dont think war is the solution from this. why not speedy release of vaccine to the public? we already have sophisticated instruments, gadgets, equipment, that can help in accelerated development of this vaccine.

The thing is even we got a lot of latest equipment in medication we can't still have a vaccine right away, but I agree if there comes out a vaccine a quick release of it will ease the economy slowly since it is the most affected ones after life. And honestly, this is what I'm asking of, why are we getting long time to create a vaccine for this? I mean we already have SARS and MERS-COV back then, and covid-19 belongs to the same family of the virus, so it will be easy for them to mutate the vaccine for those, isn't it? and why are we talking about war? we are already in a war with an enemy that we barely see.

and hopefully before the end of this year, the vaccine will be available to everyone. if most of us can get back to our work, the economy will be live again. and that war, is not really a good solution!

HOPEFULLY    War between countries is unnecessary, if Trump wants more death over the coronavirus (130,+++) then we all be in trouble.

[cryptoboss2020]

what does the usa have anything else useful for sustaneble living for their own people ?

usa dollars? and army ?   what else?

[bitgolden]

Actually if there was nothing wrong with the politicians and USA had like dreamy politicians that does feel like surreal but just "did what they suppose to" as in just serve public and nothing more and that's it, USA dollar would have been so valuable that we would be effected as bitcoin people because bitcoin price would go down.

In reality the only reason any currency goes down is failure of the rulers, this is not just dollars, in any part of the world when one fiat becomes less valuable that is 100% guaranteed because of governments acting to make themselves more powerful and rich while not caring a single bit about the people around them. I do not know how we could ever stop that but that is really just what it suppose to be in the start and somehow it is not anymore.

[stompix]

~

If you look at the value of USD vs gold you can argue that the collapse is ongoing.

And if you look at the value of gold vs oil you can see that oil is collapsing.
And if you look at the value of gold vs [btc , surprise is BTC that is collapsing.
You're taking a small timeframe and declared a collapse, Apple stock collapse a decade ago from 24$ to 12$, was that the end of the company?

Goldbugs have one mantra, every time gold spikes a bit it's the end of the world as we know it, no matter how many times this never happened in the past, this time it will.

funny but look at the china and russia economy the inflation there is even higher then in usa
and nobody dont talk about russia and china?
or im wrong??

Russia is already a failed state, once oil goes down everything goes after it, it has become of such little importance in an economic perspective nobody cares about them anymore.
As for China, people got bored with data from China, everything that comes out of there must have the acceptance of the CCP, everything in those numbers is so fake you have nothing to strat with.

what does the usa have anything else useful for sustaneble living for their own people ?
usa dollars? and army ?   what else?

Oil, gas, land, and a lot of food.
The US is a net food exporter while China is a net food importer, the US can survive on its own, China can't.

[cryptoboss2020]

~

If you look at the value of USD vs gold you can argue that the collapse is ongoing.

And if you look at the value of gold vs oil you can see that oil is collapsing.
And if you look at the value of gold vs [btc , surprise is BTC that is collapsing.
You're taking a small timeframe and declared a collapse, Apple stock collapse a decade ago from 24$ to 12$, was that the end of the company?

Goldbugs have one mantra, every time gold spikes a bit it's the end of the world as we know it, no matter how many times this never happened in the past, this time it will.

funny but look at the china and russia economy the inflation there is even higher then in usa
and nobody dont talk about russia and china?
or im wrong??

Russia is already a failed state, once oil goes down everything goes after it, it has become of such little importance in an economic perspective nobody cares about them anymore.
As for China, people got bored with data from China, everything that comes out of there must have the acceptance of the CCP, everything in those numbers is so fake you have nothing to strat with.

what does the usa have anything else useful for sustaneble living for their own people ?
usa dollars? and army ?   what else?

Oil, gas, land, and a lot of food.
The US is a net food exporter while China is a net food importer, the US can survive on its own, China can't.

are you sure about Russia??? 

russia have natural resources,europe is number one user of russia natural resources!
you sure you have facts right here``?

[stompix]

are you sure about Russia???  

russia have natural resources,europe is number one user of russia natural resources!
you sure you have facts right here``?

So?
Does that change the fact that it's a failed state?
You want facts, let's have facts

GDP per capita 11,162, on par with the poorest of the EU, Romania 12,482 and Bulgaria 9,518, 6 times lower than the US at  65,111
Life expectancy, 72.4, same as Bangladesh at 72.3 or  Suriname 71.6, far below the European Union average at   81.2
Crime? Homicide rate of 8.21, like Gabon at 8.04 or Ethiopia at 7.56, almost double the US average at 4.96, and not even comparing it to Germany at 0.95 or Italy at 0.57

What more facts you want?
You can have all the natural resources you want, it's still a failed state for its citizens. Japan has none Brazil has tons of it, which would you chose?
Russia has only oil and nuclear weapons, that's the harsh reality, that's why millions have fled from it for a better life.