Dollar coming to an end

[picolo]

thresher, you're like the guy who gives no credence to global warming because the winter is cold.

i keep saying the dollar is going to be strong for while yet.  when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like.  It may be a hyper- phase, or it may not yet.  An eventual hyper- phase is inevitable, however.  It's just math.

Taking loans in Dollar to buy mining companies, oil companies, gold or bitcoin seem like the trade of 2015

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[Sergios]

Nope the dollar isn't going "to end". This article is clearly written to bet an S load of shares and tweets about what is right  and wrong  with everything in between. Looking to the past and "copy/pasting" it to a current day problem/situation is one of the first big "no-no"s that are being hammered in at quality universities all over the world. That this "dude" did that doesn't give much value to his mindless ramblings. Besides a currency doesn't go "bust" suddenly, they just print out more money under the guise of some .......( insertion place for the politicians motivation)reason.   

[Sergios]

Furthermore a currency that is basically a "world currency", like the dollar, Euro, Yaun and others to fall into dust so to speak, everyone should use other currencies for trading and avoid these currencies, which you can't. Why is that? because it is easy, fast, reliable ( to certain extent) because it has a government backing the currency ( which is saying every resident of said country is backing that coin/currency), etc.

I believe that "fiat" currency and digital currency ( though your paycheck is also digital when it arrives on your bank account)will continue to co-exist for a long time... or something catastrpohic should happen ( in the financial sector... like the news that "every single gold bar reserve of the US fed reserve are fakes") then it is likely that a currency potentially "could" find itself in a major "S** storm". Still the elites, banks etc are in charge and do you really think they give everything up without a fight?

[aminorex]

a currency doesn't go "bust" suddenly, they just print out more money under the guise of some .......( insertion place for the politicians motivation)reason.    

That scenario is exactly what I would call "bust".  And it has already begun.  It just hasn't played out to the end-game yet.

My views are consistent with the expectations voiced by Ambrose Evans-Pritchard recently (in the Telegraph), that "a world awash with excess capacity cannot withstand a fully-fledged dollar tightening shock. The effects will ricochet back into the US eventually, but that could be a long time hence, and this in a sense is the problem for asset markets."

...reliable ( to certain extent) because it has a government backing the currency ( which is saying every resident of said country is backing that coin/currency)...

As the U.S. wealth distribution shifts to Gini extremes, the ability of the population to effectively back the USD declines with their declining share of tax burden.  Those who are able (the few wealthy) are disinclined to expend their wealth backing the USD.  They rotate offshore first.  They will avoid the tax burden, so they cannot be expected to support the currency.

Still the elites, banks etc are in charge and do you really think they give everything up without a fight?

Of course not.  They are first into the lifeboats.  Death by drowning is reserved for steerage class passengers.  Heck, that's what lifeboats are *for*.

[Eastwind]

thresher, you're like the guy who gives no credence to global warming because the winter is cold.

i keep saying the dollar is going to be strong for while yet.  when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like.  It may be a hyper- phase, or it may not yet.  An eventual hyper- phase is inevitable, however.  It's just math.

Taking loans in Dollar to buy mining companies, oil companies, gold or bitcoin seem like the trade of 2015

If the oil price stays below $50, that could be bad investment.

[picolo]

thresher, you're like the guy who gives no credence to global warming because the winter is cold.

i keep saying the dollar is going to be strong for while yet.  when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like.  It may be a hyper- phase, or it may not yet.  An eventual hyper- phase is inevitable, however.  It's just math.

Taking loans in Dollar to buy mining companies, oil companies, gold or bitcoin seem like the trade of 2015

If the oil price stays below $50, that could be bad investment.

The oil price will likely rise again within 2 years

[General_A]

thresher, you're like the guy who gives no credence to global warming because the winter is cold.

i keep saying the dollar is going to be strong for while yet.  when the squeeze on dollar shorts is over (which will take a while, since there are so many USD denominated loans offshore), then we'll see what the next phase looks like.  It may be a hyper- phase, or it may not yet.  An eventual hyper- phase is inevitable, however.  It's just math.

Taking loans in Dollar to buy mining companies, oil companies, gold or bitcoin seem like the trade of 2015

If the oil price stays below $50, that could be bad investment.

The oil price will likely rise again within 2 years

Yeah, I am no expert but I do believe that there is a good bargain to be had in the oil sector right now.

[xcapator]

People are judging the value of their btc against the dollar in one breath and calling the dollar dead in the next, what a joke !

[mindrust]

US Dollars is going to rule the world as long as USA lives.

I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.

[General_A]

US Dollars is going to rule the world as long as USA lives.

I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.

True story..... No one would want to be in the Euro over the dollar anymore!

[Crypty3]

US Dollars is going to rule the world as long as USA lives.

I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.

True story..... No one would want to be in the Euro over the dollar anymore!

Or BTC for that matter

[darkmind]

People are judging the value of their btc against the dollar in one breath and calling the dollar dead in the next, what a joke !

at some point, you won't need to convert to dollar to buy everything you need with cryptos

[molecular]

US Dollars is going to rule the world as long as USA lives.

I was thinking only Euro is strong enough to challange $'s power but $ just kicked €'s a** as he did BTC's a few months ago.

why? the EUR is way ahead in the race to the bottom.

Many consider deliberate currency devaluation to be a tool that can help jump start a nation’s economy. The aim of such a practice is to increase exports while encouraging domestic purchases by making goods outside of the country relatively more expensive.

However, like any good prisoner’s dilemma, this might be the case if only one country acted in isolation. The reality is that many major countries engage in the same policy, and the end result – as the infographic details – is a race to the bottom.

The currency war isn't over yet, though.

[Crypty3]

People are judging the value of their btc against the dollar in one breath and calling the dollar dead in the next, what a joke !

at some point, you won't need to convert to dollar to buy everything you need with cryptos

That's not happening anytime soon.

[picolo]

People are judging the value of their btc against the dollar in one breath and calling the dollar dead in the next, what a joke !

at some point, you won't need to convert to dollar to buy everything you need with cryptos

You can already buy a lot with BTC. BTC could get huge with a price of 40,000$ or more and still be a little bit under the radar.

[leex1528]

You can already buy a lot with BTC. BTC could get huge with a price of 40,000$ or more and still be a little bit under the radar.

I don't see that ever happening.  40,000 is a huge number and it just doesn't seem like that could happen.  Don't get me wrong I would love it if it did. The dollar will not go away in anyones life time on this board.  IT may eventually come to an end but not in our lifetime.

[bakedrice]

perhaps WW3 breaking out could lead to a reshuffle of world powers

[leex1528]

perhaps WW3 breaking out could lead to a reshuffle of world powers

It could, but I still don't see that killing the dollar overall.  The amount of change that would have to come would be so drastic it is just going to take a lot of time to change.  Nothing more than time will change the value of the dollar.

[bakedrice]

perhaps WW3 breaking out could lead to a reshuffle of world powers

It could, but I still don't see that killing the dollar overall.  The amount of change that would have to come would be so drastic it is just going to take a lot of time to change.  Nothing more than time will change the value of the dollar.

[BillyBobZorton]

What would happen to 99% of hip hop songs? They are all based around making dollars. All the lyrics would be rendered deprecated out of a sudden. What about all these bling bling chains?