Dollar coming to an end

[BillyBobZorton]

Sorry, but i have heard plenty of people for years going on about "the end of the dollar", hasn't happened yet, and i still cannot see it happening at all.

MEPH

It will happen tho, but the EUR must go down first.

[neurotypical]

Sorry, but i have heard plenty of people for years going on about "the end of the dollar", hasn't happened yet, and i still cannot see it happening at all.

MEPH

It will happen tho, but the EUR must go down first.

EUR is solid for now... at least until 28 February when Greece must take a decision.

[DLCseller]

Its just dollar not all fiat

[Trader Galactic LLC]

Its just dollar not all fiat

Not true.

The euro is in much bigger trouble than the dollar.   The yen is also on the brink of collapse and the Yuan is being held up by massive govt spending which much of it is [abnormally] being spent on real estate development.

So the dollar is actually the stronger of all paper fiat but it is also near death.

All paper fiat are gonna collapse and die soon.

And what a coincidence, a fully trackable global crypto currency is ready to just take over. 

Bitcoin is gonna blow up on an unimaginable way later this year after the ETF goes green.  Buy and hold and don't sell for a measly $10,000 per BTC.

[DLCseller]

Its just dollar not all fiat

Not true.

The euro is in much bigger trouble than the dollar.   The yen is also on the brink of collapse and the Yuan is being held up by massive govt spending which much of it is [abnormally] being spent on real estate development.

So the dollar is actually the stronger of all paper fiat but it is also near death.

All paper fiat are gonna collapse and die soon.

And what a coincidence, a fully trackable global crypto currency is ready to just take over. 

Bitcoin is gonna blow up on an unimaginable way later this year after the ETF goes green.  Buy and hold and don't sell for a measly $10,000 per BTC.

How about Malaysian Ringgit, Indonesian Rupiah, Indian Rupee and others?
Are they collapsing too?

[Trader Galactic LLC]

How about Malaysian Ringgit, Indonesian Rupiah, Indian Rupee and others?
Are they collapsing too?

We live on a globalized economy now.  If you look at Ukraine, Russia, Egypt, Argentina, Europe, etc., America's [inflationary] monetary policy is directly having catastrophic effects on all of those countries' economies and currencies.

So yes, India et al will not be able to keep up with the US, they cannot borrow their way out like the US so therefore, their currencies will be much more quickly destroyed via extreme inflationary [excess printing] policy.

This is very good news for gold, silver and especially Bitcoin (and crypto) as there will be very limited places for billions of people to put their earnings and cash savings.

This is why the Bitcoin ETF will open the floodgates for trillions to dollars to come into Bitcoin and crypto.  And it should all start this year and it should blow up very very fast.

[DLCseller]

How about Malaysian Ringgit, Indonesian Rupiah, Indian Rupee and others?
Are they collapsing too?

We live on a globalized economy now.  If you look at Ukraine, Russia, Egypt, Argentina, Europe, etc., America's [inflationary] monetary policy is directly having catastrophic effects on all of those countries' economies and currencies.

So yes, India et al will not be able to keep up with the US, they cannot borrow their way out like the US so therefore, their currencies will be much more quickly destroyed via extreme inflationary [excess printing] policy.

This is very good news for gold, silver and especially Bitcoin (and crypto) as there will be very limited places for billions of people to put their earnings and cash savings.

This is why the Bitcoin ETF will open the floodgates for trillions to dollars to come into Bitcoin and crypto.  And it should all start this year and it should blow up very very fast.

So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.

[Trader Galactic LLC]

So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.

That's an absolute guarantee.  What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?

Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.  

So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.  

[molecular]

So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.

That's an absolute guarantee.  What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?

Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.  

So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.  

I think this is a trap for the government and a double-win for the people:

1.) the freedom of economic transaction (bitcoin delivers that, it's censorship-resistant) is important to protect against opressive government or other entities trying to control the flow of money (take the wikileaks blockade as a prominent example)

2.) the use of sound money (especially via the inelastic money supply) forces fiscal prudence on governments. Spending has to be financed by taxes. The use of sound money also has positive effects on the economy because it will greatly reduce misallocations of capital (bailouts and other capital mis-injections) and plundering of the unsuspecting population ("hidden inflation tax")

[picolo]

So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.

That's an absolute guarantee.  What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?

Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.  

So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.  

I think this is a trap for the government and a double-win for the people:

1.) the freedom of economic transaction (bitcoin delivers that, it's censorship-resistant) is important to protect against opressive government or other entities trying to control the flow of money (take the wikileaks blockade as a prominent example)

2.) the use of sound money (especially via the inelastic money supply) forces fiscal prudence on governments. Spending has to be financed by taxes. The use of sound money also has positive effects on the economy because it will greatly reduce misallocations of capital (bailouts and other capital mis-injections) and plundering of the unsuspecting population ("hidden inflation tax")

The People need to take the governement accountable for useless expenses and going into debt with the children and unborn accountable.

Investing in infrastructures or eduction can be bad if it is badly done and they spent too much. Most people will still be in favor of any money pour to education.

[okthen]

So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.

That's an absolute guarantee.  What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?

Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.  

So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.  

I agree that crypto actually gives the ability to supervise transactions, etc., but I think bitcoin won't be the one (in a scenario where global adoption is reached through governments) simply because you cannot print more of it - as it has been done with fiat for the past decades.

[picolo]

Sorry, but i have heard plenty of people for years going on about "the end of the dollar", hasn't happened yet, and i still cannot see it happening at all.

MEPH

It will happen because you cannot create that many dollars in a world that is naturally looking for other world currenceis without the value of each dollar going down a lot.

[picolo]

So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.

That's an absolute guarantee.  What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?

Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.  

So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.  

I agree that crypto actually gives the ability to supervise transactions, etc., but I think bitcoin won't be the one (in a scenario where global adoption is reached through governments) simply because you cannot print more of it - as it has been done with fiat for the past decades.

The fact you cannot print bitcoins is a good aspect of bitcoin. You can divide it all you want.

[billyjoeallen]

In the world of fiat currency, the USD is the leper with the most toes. It gets stronger in times of world financial crises because it is safer than other fiat currencies by virtue of being the world reserve currency. It may indeed end up in hyperinflation, but not until many many years of watching other currencies fail first.

Even with near zero interest rates, the dollar strengthens when credit contracts. Money is lent into existence so when banks stop making new loans, the money multiplier runs in reverse because the existing loans are still being serviced (paid back). Without central bank intervention (quantitative easing), eventually this leads to collapse because there is not enough money in existence to pay back all outstanding loans.

One of these two outcomes is inevitable eventually. Death by fire or ice. But because the central banks can create new money at will, fire (hyperinflation) is the more likely outcome- However the US central bank (Federal Reserve) can postpone that longer than any other central bank. All they have to do is keep the inflation rate lower than the other major world currencies, import everything the U.S, used to manufacture, and find somebody else to blame.

[Erdogan]

but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.

[NotLambchop]

I hate to interrupt your learned discussion but was it one lump or two?

[ajareselde]

but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.

There is zero chance of dollar ever going away, it will however continue to do what it does best, and that is loose the purchasing power over the years.
It comes to me as a great surprice, however , that dollar actualy progressed in comprarison to euro in the last year or so, and quite greatly actually.

cheers

[BillyBobZorton]

but... since dollar is de facto the most owned by other central banks, those banks leaving the dollar could make a difference. Maybe... the dollar is the first (of the big fiats) to go.

There is zero chance of dollar ever going away, it will however continue to do what it does best, and that is loose the purchasing power over the years.
It comes to me as a great surprice, however , that dollar actualy progressed in comprarison to euro in the last year or so, and quite greatly actually.

cheers

All fiats have failed after their cycle is over. I dont see why dollar has to be immortal.

[molecular]

So....theres a big chance that the world will starting using cryptocurrency instead of paper money?
Oh yea, thats what I called the future.

That's an absolute guarantee.  What country wouldn't want a fully traceable and traceable currency they can use to totally control the masses while not having to print and distribute real paper money?

Crypto money and especially the tracking abilities of the blockchain are a wet dream of any government, bank or corporation.  

So there is no doubt the planet will switch to crypto money it's just a question of how long it will take and which currency will be the global one.  

I think this is a trap for the government and a double-win for the people:

1.) the freedom of economic transaction (bitcoin delivers that, it's censorship-resistant) is important to protect against opressive government or other entities trying to control the flow of money (take the wikileaks blockade as a prominent example)

2.) the use of sound money (especially via the inelastic money supply) forces fiscal prudence on governments. Spending has to be financed by taxes. The use of sound money also has positive effects on the economy because it will greatly reduce misallocations of capital (bailouts and other capital mis-injections) and plundering of the unsuspecting population ("hidden inflation tax")

The People need to take the governement accountable for useless expenses and going into debt with the children and unborn accountable.

That doesn't sound like a feasable strategy. Governments are corrupted and they have monopoly on force. It doesn't look like governments are listening to their people much or have the goal to act in the peoples interest, either. It looks more like they're trying to control the people.

I think using crypto (not only -currency, but other applications like encryption) is a much more feasable and peaceful strategy. You don't end a system by attacking it, but by building and using better ones.

[NotLambchop]

...
All fiats cryptos have failed after their cycle is over a few weeks. I dont see why dollar Bitcoin has to be immortal.

Bitcoin's what, six years old?  And you're talking about mortality?