Dollar is fake money but just legalized fake money

[goldkingcoiner]

The dollar (as well as any fiat currency) is not fake money.

It is a money that does exactly what it was designed to do. Suck the value out of your hard earned paycheck with an invisible tax, which goes up every time the government decides to print more of this bullshit money for bullshit reasons which stem out of bullshit politics.

So no, the dollar is not a fake money, it is just another bullshit money made by the US government to bullshit its people and aaaaall the people abroad. (And of course it will "enforce" the demand for dollars in the nation as well as abroad.)

Which is why I stay with Bitcoin. Even if it goes down at least it will go up again. So far, always higher than before (based on adoption rate globally).

 

[Joy_learns_crypto]

Be it US dollar or any other local currency, they are not fake, as the legal status still  remains a legal tender, but only that they can be manipulated by the government since we don't have a fixed supply and they keep printing the more, while inflation keep rising in the same direction so the whole thing fall back on the masses, while the rich are getting more affordability to earn a living because they earn money in their millions.

I was really trying to reason how the dollar is fake, Fake to who, if it’s fake and then it is against the legal financial status and those using it should be prosecuted.
I think this is an extreme case toward the dollar or any other local Currencies.
The government can manipulate the currency they have the power to do so, they also manipulate lands, natural resources and are strongly nepotistic.

[DrBeer]

Where is this idea coming from? How can a currency be fake when it can be used to purchase anything in the world including where you are living right now? A lot of things may be wrong with the fiat system, the dollar inclusive, but that dies not make them fake, they are still recognised as a medium of exchange. If you think that fiat being prone to inflation due to the rascality of the politicians makes them fake, that is wrong, a big error on your part because inflation is not the same things as a currency being fake.

This is not about real counterfeit money, but rather echoes of the “fantasy” of dollar haters that the dollar is “not backed by anything.” Although they, too, are very happy to receive income in dollars, as it is the most liquid and convenient currency for settlements—it is accepted in virtually any country. I'm not saying that you can pay with it in any country in any store, I'm saying that in virtually any country, banks or exchange offices will easily and gladly exchange your dollars for local currency

[Unknown Op]

Be it US dollar or any other local currency, they are not fake, as the legal status still  remains a legal tender, but only that they can be manipulated by the government since we don't have a fixed supply and they keep printing the more, while inflation keep rising in the same direction so the whole thing fall back on the masses, while the rich are getting more affordability to earn a living because they earn money in their millions.

I was really trying to reason how the dollar is fake, Fake to who, if it’s fake and then it is against the legal financial status and those using it should be prosecuted.
I think this is an extreme case toward the dollar or any other local Currencies.
The government can manipulate the currency they have the power to do so, they also manipulate lands, natural resources and are strongly nepotistic.

Dollars are debt on the country because these value will decrease with time when there will be inflation in the market. Millions of people have dollars and they want to save money in dollars which is bad investment because dollars have no future and if you want to be successful investor then you should invest in gold or Bitcoin which are safest in the all times and there is much less risk than in any other investment. People are trading the dollars and these people are not in loss but if you want to create your wealth then you should place your money in Bitcoin which is good when all markets are going down . Bitcoin investors always earn big amount And dollar investor get returns which are low and people should think for the future not the past and present.

[uchegod-21]

Dollar or any other fiat currency is not fake, it is those who control the fiat currencies that are fake. They print excess cash, impose taxes and carry out lots of economic activities that alter the original value of the fiat currency. As long as fiat's supply is unlimited, anyone can manipulate it for his own selfish interest. Anything and be used as a means of payment as long as the government approves it as a legal tender.

Bitcoin will always be ahead because it has fixed supply and is decentralized. These are the features that will keep Bitcoin going for a very long time.

[Rgram]

You truly did find a way to get me confused in this one, I keep trying to grasp a theme and the next sentence breaks it all up.

Well, if you consider fiat to be fake money because of the idea of it, being printed by a government agency and authorized or legalized, you would be very well mistaken. Fiat is as real as it gets and would continue to be in use for everyday buying and selling as well as payment for services. Its appearance doesn’t make it fake, it’s general acceptance and government backing is what makes it legal. Make peace with it!

[summonerrk]

If you want to invest in the US economy, you can do so in two ways. First, if you bought the dollar, you've already invested a little in the US, as you've supported its national currency, thereby strengthening it in global financial flows. If you want to support the US even more, you can buy federal government bonds, which will prevent the dollar you bought from depreciating due to inflation and will even generate profits. The point I'm making is that the dollar, although not backed by gold since Nixon, is still the number one currency in the world in terms of strength and influence, because it's the national currency of the number one country in the world.

[viljy]

Here's an interesting question - are we using USDT to support the dollar too? Let's say there is security in treasuries for the emission of USDT, which already supports the dollar. Then, let's say we use USDT, for example, as collateral in DeFi (it doesn't matter how) - is there secondary support for the dollar through stablecoin or not? Well, does using a stablecoin also multiply this effect (the initial purchase of treasuries for collateral) or is it already neutral for the dollar as such? In other words, is USDT a "sterile form of the dollar" that does not affect the strengthening/weakening of the currency itself?

[DrBeer]

Here's an interesting question - are we using USDT to support the dollar too? Let's say there is security in treasuries for the emission of USDT, which already supports the dollar. Then, let's say we use USDT, for example, as collateral in DeFi (it doesn't matter how) - is there secondary support for the dollar through stablecoin or not? Well, does using a stablecoin also multiply this effect (the initial purchase of treasuries for collateral) or is it already neutral for the dollar as such? In other words, is USDT a "sterile form of the dollar" that does not affect the strengthening/weakening of the currency itself?

Any action involving assets produced or secured by the dollar directly or indirectly supports the real “paper dollar”; that's how the economy works. Yes, USDT is not only secured by Treasury bills, but a significant portion of it is secured by them.

[Doll2233]

Here's an interesting question - are we using USDT to support the dollar too? Let's say there is security in treasuries for the emission of USDT, which already supports the dollar. Then, let's say we use USDT, for example, as collateral in DeFi (it doesn't matter how) - is there secondary support for the dollar through stablecoin or not? Well, does using a stablecoin also multiply this effect (the initial purchase of treasuries for collateral) or is it already neutral for the dollar as such? In other words, is USDT a "sterile form of the dollar" that does not affect the strengthening/weakening of the currency itself?

Any action involving assets produced or secured by the dollar directly or indirectly supports the real “paper dollar”; that's how the economy works. Yes, USDT is not only secured by Treasury bills, but a significant portion of it is secured by them.

We are observing different news of Donald trump and he want to establish the price of dollar and we know that dollar is debt on many countries because USA government is controling the price of that and it could be go down at any time and we saw many time when they printed bulk money and they generated money to devalue other peoples money and they have power to snatch the money, So people should invest their money in  other assets and should not hold money in dollars. Dollar is not safe if you want to hold it for investment purpose and you are living in foreign country and you think that dollar value will retain which is not possible. Trump will play politics and we will see big dollar value decrease.

[XZERO1]

Dollar is not fake money...

A lot of arguments can be made about its value and to criticize how it is being managed by the government, but to be saying it's fake which would imply it has zero or little value is disingenuous at best.

With incorrect arguments like that you are disregarding the process in which money printing happens and what it gives that money/currency value, the main factor that gives a legal tender issued national currency of a country is its economy and how strong or weak it is, it is absolutely NOT backed by nothing.

Surely there will be a lot of printings and debts with national currencies, but even how much that debt/printing will affect the value of the currency will be mostly dictated by how strong the economy is at the moment to be able to absorb such a negative hit, for instance in a very strong booming economy you could have some good amount of debts and printings and still keep how much a dollar can buy groceries fairly stable.

[Hanadawa]

We are observing different news of Donald trump and he want to establish the price of dollar and we know that dollar is debt on many countries because USA government is controling the price of that and it could be go down at any time and we saw many time when they printed bulk money and they generated money to devalue other peoples money and they have power to snatch the money, So people should invest their money in  other assets and should not hold money in dollars. Dollar is not safe if you want to hold it for investment purpose and you are living in foreign country and you think that dollar value will retain which is not possible. Trump will play politics and we will see big dollar value decrease.

Compared to inflation, I see the value of the dollar continuing to decline every year. But this also applies to all banknotes worldwide. However, if you keep your money in dollars, at least it will be stronger than some other currencies. When compared to any currency, the dollar always seems stronger. This is because the United States still has enormous influence worldwide. The dollar is the primary currency in international trade. Almost all international purchases of oil and commodities are made in dollars. Many countries have debts in dollars. So, in the current economic system, I don't see the dollar collapsing and becoming worthless like the peso and the Zimbabwean dollar.

[abhiseshakana]

We are observing different news of Donald trump and he want to establish the price of dollar and we know that dollar is debt on many countries because USA government is controling the price of that and it could be go down at any time and we saw many time when they printed bulk money and they generated money to devalue other peoples money and they have power to snatch the money, So people should invest their money in  other assets and should not hold money in dollars. Dollar is not safe if you want to hold it for investment purpose and you are living in foreign country and you think that dollar value will retain which is not possible. Trump will play politics and we will see big dollar value decrease.

Compared to inflation, I see the value of the dollar continuing to decline every year. But this also applies to all banknotes worldwide. However, if you keep your money in dollars, at least it will be stronger than some other currencies. When compared to any currency, the dollar always seems stronger. This is because the United States still has enormous influence worldwide. The dollar is the primary currency in international trade. Almost all international purchases of oil and commodities are made in dollars. Many countries have debts in dollars. So, in the current economic system, I don't see the dollar collapsing and becoming worthless like the peso and the Zimbabwean dollar.

Four major things that makes USD nearly impossible collapse even though weakened :

• USD is a benchmark, premier reserve currency and safe haven. Mostly investor will describe USD as most trusted currency can be paid back. USD is the safest guarantee, standard instrument for global finance and premier collateral for international transaction.
• Global TRUST to USD is very big and strong because world belive that US able and willing to pay their debt, this can be seen from zero default in modern economy history, has strong fiscal structure, their capability to printing USD use throughout the world, and US financial institution has trusted credibility.
  
• What makes USD irreplacable are US treasury market is the deepest market and the most liquid market in the world. With its super big volume, there always be buyer and seller, small spread so investor can entry or exit market anytime without disruptinmg price, at the meantime US market is needed for keeping large amount of reserve. The bigger and more liquid a treasury market, the bigger USD demand which mean USD will be stronger.
• US Military domination, its not only weapon but global stability tools, its maintain and protect USD as power instrument.

[DrBeer]

Here's an interesting question - are we using USDT to support the dollar too? Let's say there is security in treasuries for the emission of USDT, which already supports the dollar. Then, let's say we use USDT, for example, as collateral in DeFi (it doesn't matter how) - is there secondary support for the dollar through stablecoin or not? Well, does using a stablecoin also multiply this effect (the initial purchase of treasuries for collateral) or is it already neutral for the dollar as such? In other words, is USDT a "sterile form of the dollar" that does not affect the strengthening/weakening of the currency itself?

Any action involving assets produced or secured by the dollar directly or indirectly supports the real “paper dollar”; that's how the economy works. Yes, USDT is not only secured by Treasury bills, but a significant portion of it is secured by them.

We are observing different news of Donald trump and he want to establish the price of dollar and we know that dollar is debt on many countries because USA government is controling the price of that and it could be go down at any time and we saw many time when they printed bulk money and they generated money to devalue other peoples money and they have power to snatch the money, So people should invest their money in  other assets and should not hold money in dollars. Dollar is not safe if you want to hold it for investment purpose and you are living in foreign country and you think that dollar value will retain which is not possible. Trump will play politics and we will see big dollar value decrease.

No fiat currency is safe. That is the basic premise. It has a central issuer and inflation, at the very least. But the dollar is no more dangerous than the pound, the zloty, the yen, or the real. No matter how you look at it, everyone, including the “dollar fighters,” wants... no, not reais or rupees or yuan, but... those very dollars Because it's convenient, it's guaranteed to be liquid, and you can buy any commodity on the world market with dollars. At the very least, because there is simply no alternative yet...

[whiteblue]

You truly did find a way to get me confused in this one, I keep trying to grasp a theme and the next sentence breaks it all up.

Well, if you consider fiat to be fake money because of the idea of it, being printed by a government agency and authorized or legalized, you would be very well mistaken. Fiat is as real as it gets and would continue to be in use for everyday buying and selling as well as payment for services. Its appearance doesn’t make it fake, it’s general acceptance and government backing is what makes it legal. Make peace with it!

Yes, we have to accept this reality, there is nothing fake because it has been accepted and gained trust from society with the fiat money that we use every day to live our lives, it's just that the system is like that, they can print money very easily, unlike the era before this fiat system was born, such as because money must have gold behind it as the main value and this paper money is a record of representation as the owner of the gold behind it which is owned by someone and stores it in an institution that issues gold ownership letters, but this system has been abolished, the measure of value is no longer in gold, now the most important thing in this fiat is the trust of its users.

[Etranger]

No fiat currency is safe. That is the basic premise. It has a central issuer and inflation, at the very least. But the dollar is no more dangerous than the pound, the zloty, the yen, or the real. No matter how you look at it, everyone, including the “dollar fighters,” wants... no, not reais or rupees or yuan, but... those very dollars Because it's convenient, it's guaranteed to be liquid, and you can buy any commodity on the world market with dollars. At the very least, because there is simply no alternative yet...

I’ve always tended to believe that it’s much better to talk about the instability and unreliability of the dollar while actually having some in your pocket, under your pillow, and even under the floorboard, than to discuss such things while sitting there with nothing, without any dollars tucked away. So despite all its shortcomings and flaws, the US dollar, as a fiat currency, with all the features and flaws inherent to fiat money, did not become the world’s reserve currency by accident.

[STT]

People have said this or similar since 1972 when the gold standard was lost.   Comparatively it is fake but since the loss of exact parity or exchange to gold was lost quite openly at first domestically then altogether its not really a secret or fake as such.
   USA does have many tons of gold, the most in the world so there is much backing to the notes issued but its also far exceeded that with debt, again openly done hence fake is not really the correct word.  Soft default is how I was just thinking this situation, its slow ongoing failure deliberately done for apparent profit and easement.

[gunhell16]

I don't understand why OP said that the dollar is fake and made the fake dollar legal. What do you mean by this? Because as far as I know, as long as fiat is certainly what is being protected and saved by all these countries around the world.

And if it is true that the dollar or fiat you are talking about is fake money, it has been providing benefits to many people around the world for decades in this era;
in fact, this is the reason why there are OFWs, just to see a profit in dollars, right?

[Uhwuchukwu53]

I do not see the fist as fake money but I always see it as a means for governments to scam their citizens. It would have been better if there is not inflation or if the inflation is barely noticeable after decades but the governments are not like that. They kept less volatile foreign currencies like United States dollars and gold in their reserves but they kept declining the value of their money. Fiat wild have been better than this if their price is not significantly declining.

Fiat is not a problem. The problem is that no one gets punished for their actions. Those, who are in charge of the country's economy and finances don't get punished when the country doesn't perform well or when they make monetary mistakes that affect millions of people. Where there's a will, there's a way. Invest into education, invest into development, invest into progress instead of Hollywood and fake propaganda and the country will succeed. More responsibility, less corruption and actually paying a price for your actions will result in a better fiat to my mind.

I will agree with because your extremely factual about what acted as syndrome to any economic growth failure, currency is not actually a problem in any working government system because the level of development and infrastructure, industrial work can change the narrative where it will attract many force that will eventually make the currency more of value government influence propelled by good leadership is the key, as at today some currency is of value more than that of my nation because of good leadership even some countries which our currency is better before is ahead in value than what we see today all this is anchor in one government policy lacking required growth.

[DrBeer]

No fiat currency is safe. That is the basic premise. It has a central issuer and inflation, at the very least. But the dollar is no more dangerous than the pound, the zloty, the yen, or the real. No matter how you look at it, everyone, including the “dollar fighters,” wants... no, not reais or rupees or yuan, but... those very dollars Because it's convenient, it's guaranteed to be liquid, and you can buy any commodity on the world market with dollars. At the very least, because there is simply no alternative yet...

I’ve always tended to believe that it’s much better to talk about the instability and unreliability of the dollar while actually having some in your pocket, under your pillow, and even under the floorboard, than to discuss such things while sitting there with nothing, without any dollars tucked away. So despite all its shortcomings and flaws, the US dollar, as a fiat currency, with all the features and flaws inherent to fiat money, did not become the world’s reserve currency by accident.

I completely agree with you, and what's more, anyone who hates the dollar would gladly put it in their pocket instead of their own paper money, which is not backed by anything and is subject to inflation! For some reason, all “anti-dollar regimes” are trying to find ways to sell something for dollars, because you can't buy anything useful on the world market with rubles, Iranian rials, North Korean won, or Cuban pesos!
 
And yes, the dollar did not become the world's reserve currency for no reason and remains so even after the abandonment of the gold standard. The dollar is backed by US guarantees, the US economy, its political weight, its technologies, and many other things that other countries do not have.

PS Although it can be assumed that Trump and his buddies will manage to bring down the dollar at its peak and undermine confidence in it.