Dollar coming to an end

[picolo]

I don't think dollar would come to an end for another 50 years at least. Bitcoin is not that popular to take over.

Right now Bitcoin is not that popular but the Dollar will crash it should become more popular. The Dollar may not end soon but it will lose most its value as the number of Dollar in circulation increases and it becomes a smaller portion of exchanges and reserves in the world

[1714681877]

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[1714681877]

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[1714681877]

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[1714681877]

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[1714681877]

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[ChineseSavior]

if the value of your fiat is nothing but a mere perception of the public or people who use it.... and the media, tv etc controls there perception... How would they ever even know?

In fact you could experience an entire political and economical shift and you would never know. Simply because literally everyone perceived it that way.

take cars for example. If you went through the process to stamp out a proper metal or carbon fiber car, sure it would be strong, but these days it would cost a ton..

so maybe a strong metal/carbon car say cost= 50k.......... retail = 75k net 25k

plastic car with cheap (but flasy/cool) parts = 10k  ......... retail = 75k net 65k


Another thing that we will see very soon is basically the "insourcing" idea as portrayed in The Campaign film.

With all retail now shifting to alibaba (all online and domestic retail will seize to exist in 10-20+years) the only last cost to cut is shipping..

One they bring the factories to us we are done.

sure anyone involved and ahead of the political shift and curve will be well rewarded. But endless generations after them will not be. Beause flawless leveled structured socialism will be all thats left. It will be executed so well that most people will never even know the difference.

When I was in college they used to say if you work job A you will start at 40k/yr... after 2 years you will bump to 50k... 2 more years 50k 4 more years 80k etc etc...

is this not socialism at it's finest? Not only are you limited knowledge by requiring the finanaces/labor/debt to learn. But you're also saying that after you do learn x for y amount of years that this will essentially be your payment/reward plan... crazy

I am supprised to see that nobody has touched down on a silent type political shadow war. Who is to say that there will never be bloodshed starvation collapse etc in any major country? Who is to say that the wars will continue politically in the middle east through shadow corps while a smoke screen of socialism is pulled over our eyes....

Imagine an all out assault on everything to do with the united states economy. China and Russia with an all out assault. Cashing out all money at atm's, manipulating market, retail, technology, casinos with majority speaking madarin clearing out limitless funds making them bankrupt. Police accepting asians at mass numbers. Literally infiltrating every single organization as deeply and quickly as possible.

And dont even get me going on cyber attacks from china...

regardless those ahead of the curve should be rewarded. But the curve will be so steep so god only knows how many will get cut lose.

[orsotheysaid]

I don't think dollar would come to an end for another 50 years at least. Bitcoin is not that popular to take over.

Right now Bitcoin is not that popular but the Dollar will crash it should become more popular. The Dollar may not end soon but it will lose most its value as the number of Dollar in circulation increases and it becomes a smaller portion of exchanges and reserves in the world

True, but if people all around the world keep accepting dollars no matter how many are created out of thin air.. what can stop it anytime soon?

[picolo]

if the value of your fiat is nothing but a mere perception of the public or people who use it.... and the media, tv etc controls there perception... How would they ever even know?

In fact you could experience an entire political and economical shift and you would never know. Simply because literally everyone perceived it that way.

take cars for example. If you went through the process to stamp out a proper metal or carbon fiber car, sure it would be strong, but these days it would cost a ton..

so maybe a strong metal/carbon car say cost= 50k.......... retail = 75k net 25k

plastic car with cheap (but flasy/cool) parts = 10k  ......... retail = 75k net 65k


Another thing that we will see very soon is basically the "insourcing" idea as portrayed in The Campaign film.

With all retail now shifting to alibaba (all online and domestic retail will seize to exist in 10-20+years) the only last cost to cut is shipping..

One they bring the factories to us we are done.

sure anyone involved and ahead of the political shift and curve will be well rewarded. But endless generations after them will not be. Beause flawless leveled structured socialism will be all thats left. It will be executed so well that most people will never even know the difference.

When I was in college they used to say if you work job A you will start at 40k/yr... after 2 years you will bump to 50k... 2 more years 50k 4 more years 80k etc etc...

is this not socialism at it's finest? Not only are you limited knowledge by requiring the finanaces/labor/debt to learn. But you're also saying that after you do learn x for y amount of years that this will essentially be your payment/reward plan... crazy

I am supprised to see that nobody has touched down on a silent type political shadow war. Who is to say that there will never be bloodshed starvation collapse etc in any major country? Who is to say that the wars will continue politically in the middle east through shadow corps while a smoke screen of socialism is pulled over our eyes....

Imagine an all out assault on everything to do with the united states economy. China and Russia with an all out assault. Cashing out all money at atm's, manipulating market, retail, technology, casinos with majority speaking madarin clearing out limitless funds making them bankrupt. Police accepting asians at mass numbers. Literally infiltrating every single organization as deeply and quickly as possible.

And dont even get me going on cyber attacks from china...

regardless those ahead of the curve should be rewarded. But the curve will be so steep so god only knows how many will get cut lose.

All the "security" the government can give comes at a very high price and means some are going to be under paid and be less safe for some to enjoy the relative safety net.

[Wekkel]

Read this: http://www.gata.org/node/8303 and think Bitcoin again.

[bornil267645]

the main problem is the market cap. No matter how much we try it, it would be like vanishing a glass of water from a pond. But still it's pond and our Bitcoin id getting up there.

[oprahwindfury]

I don't know if I can agree with the article. The U.S. dollar is based on a debt system that itself is based on it's military and oil. When OPEC stops writing checks to the U.S. using U.S. dollars then I will be worried but until then I don't think I will bat an eye to these articles anymore. As long as the U.S. has it's military might to keep OPEC within it's grasp, the U.S. dollar will still be the worldwide currency. That's my belief at least.

[picolo]

I don't know if I can agree with the article. The U.S. dollar is based on a debt system that itself is based on it's military and oil. When OPEC stops writing checks to the U.S. using U.S. dollars then I will be worried but until then I don't think I will bat an eye to these articles anymore. As long as the U.S. has it's military might to keep OPEC within it's grasp, the U.S. dollar will still be the worldwide currency. That's my belief at least.

Some OPEC countries start selling without using U.S Dollar if I am right (let me google it) and they could start doing more and more sells in other currencies, swap or Gold in the very near future.

[STT]

I dont go in for conspiracies, the most powerful thing is natural trends, you can rely on this because its stronger then anyones opinion and it'll take down anybody no matter how powerful.    When a tide comes you cant avoid it, some things are just bigger and I think we all accept this on a personal level.   It also applies to countries, international trade and global bias that are in play now and in future.
  Humans as a people or species even do display trends and phenomena, not everything can be manipulated and managed, change is constant.   Economics should reflect all this but it does not, its (become) politically biased to the most powerful display in the room, it often ignores natural trends which are larger still.  Bigger then USA or OPEC, dollar all the things we know today can change and within ten years say which is pretty quick if the switch were to an Asian currency or wherever.

For example the bias on OPEC would be its main party which is Saudi Arabia.   They have great population growth which is causing their own consumption of oil to rise and effect their ability to influence external countries with their vital export.   A bigger theme then the sway from opec are themes within their own countries, this I think is much bigger then USA can help out for return favour.  At some point the situation becomes over extended and agreements collapse, more oil going to China at a higher price might be the path of least resistance.    

The working population within China is falling, this causes rises in their wages altering their ability to undercut other countries exports on low wages alone.   This might mean lower treasury debt holdings.   Naturally secondary developments and consequences occur,  I think these are the main reasons why dollar would fall.  Ultimately politics either foresees this change or fails under the strain of the inevitable

[Eastwind]

The working population within China is falling, this causes rises in their wages altering their ability to undercut other countries exports on low wages alone.   This might mean lower treasury debt holdings.   Naturally secondary developments and consequences occur,  I think these are the main reasons why dollar would fall.  Ultimately politics either foresees this change or fails under the strain of the inevitable

The retirement age for Chinese man is 60 and for woman is 55. It will be raised to 65 and old in the near future. So the working population will not decrease too much.

[xcapator]

USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?

[Dajve]

USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?

Getting stronger according to who? Gas prices going down doesn't equals the dollar strengthening, and there are many currencies doing much better than the dollar. Which currencies are you talking about?

[Amph]

USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?

getting stronger where?

it's dying since ages

[Beyonce]

USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?

getting stronger where?

it's dying since ages

I think people put too much faith in the dollar and other fiats. They'll all be looking confused when the economy and currency collapses at some point in the future like they thought their 'strong' currency never would.

[picolo]

USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?

getting stronger where?

it's dying since ages

I think people put too much faith in the dollar and other fiats. They'll all be looking confused when the economy and currency collapses at some point in the future like they thought their 'strong' currency never would.

The FED, ECB and BOJ say clearly that they want to massively increase the money supply so they will probably do that until it's a total mess. It is easy to understand USD is one of the worst big currency to hold then EURO and Yen

[STT]

It is already a mess, the main thing is when a majority of people realise this.  China is one of the largest holders of dollar debt but their people are not free to explore value of the dollar and their currency or national worth as party officials have a policy of supporting USA trade by a fixed exchange rate.
If I was some random Chinese person living on 2nd world goods I might spend a bit and upgrade my circumstances, if the whole nation did that it would mean many dollars stored as US treasury debt are spent globally.   That value would also go back to China instead of residing in the budgets of Washington accounts, it would alter many things.

Japan also has a strange situation where the country has debt a few times larger then the whole country makes total in a year.   Its certainly already a mess, but the velocity of this money is low and captured so we have a stagnant situation.   A healthy economy would be liquidate this value to better use but politics currently prevents it.   The people are placated by welfare spending and opacity of this lost value

[panju1]

The FED, ECB and BOJ say clearly that they want to massively increase the money supply so they will probably do that until it's a total mess. It is easy to understand USD is one of the worst big currency to hold then EURO and Yen

When the economy slows down, central banks try to mint their way out of trouble. The problem is, other countries try to follow suit. In the end, exports/growth don't pick up in any country and all countries experience inflation.

All fiat currencies inherently suffer from this problem. Advantage Bitcoin!

[picolo]

The FED, ECB and BOJ say clearly that they want to massively increase the money supply so they will probably do that until it's a total mess. It is easy to understand USD is one of the worst big currency to hold then EURO and Yen

When the economy slows down, central banks try to mint their way out of trouble. The problem is, other countries try to follow suit. In the end, exports/growth don't pick up in any country and all countries experience inflation.

All fiat currencies inherently suffer from this problem. Advantage Bitcoin!

Increasing the money supply is a sure way to get more troubles and run away inflation.

[manselr]

USD is getting stronger, gas prices going down in USA - meaning foreign currencies are declining in value - is this good for BTC?

getting stronger where?

it's dying since ages

It's not dying. You can say "it's dying it's dying", but people will keep accepting dollars and that's all that matters. If it's used it's alive period.

[johnyj]

Increasing the money supply is a sure way to get more troubles and run away inflation.

The reality is more complicated: Central banks print 10x more money and buy out all the troubled assets in the country while still introduce very low or none inflation, since the sellers of those assets (commercial banks) simply put back their income money into FED's reserve account and don't touch those money, to ensure there will be no extra liquidity on market, thus no inflation

By doing this, they created a housing bubble and crashed it, drove people to default, took their house, and sold back to themselves using printed money. After several repeat, they own majority of the country's assets, dollar is not important any more for them, even the USD crashed, they have already get all those assets