The dollar is ending as a world reserve currency - Dead by 2018, probably sooner

[FutureMoneyTrends]

Making some good room for bitcoin?

[Balthazar]

Dollar can't die because it's not alive, it's undead since 1971. However, the wooden golden stake could be useful.

[FutureMoneyTrends]

Dollar can't die because it's not alive, it's undead since 1971. However, the wooden golden stake could be useful.

You think a gold standard will finally take it down? Who will initiate it, eastern powers or IMF/G7?

[Balthazar]

Dollar can't die because it's not alive, it's undead since 1971. However, the wooden golden stake could be useful.

You think a gold standard will finally take it down? Who will initiate it, eastern powers or IMF/G7?

There is a project of energy backed currency which is proposed as the common currency for EEU nations. With energy backed currency you always have an opportunity to exchange your stash for Kilowatt-hours at fixed ratio. That could be a basis of reliable system.

Of course nations could prefer to use gold standard for their currencies but I think that energy backed currency will be more attractive for international transactions in comparison with golden stanbdard. Gold based system is less adaptive than energy-based system.

[FutureMoneyTrends]

Dollar can't die because it's not alive, it's undead since 1971. However, the wooden golden stake could be useful.

You think a gold standard will finally take it down? Who will initiate it, eastern powers or IMF/G7?

There is a project of energy backed currency which is proposed as the common currency for EEU nations. With energy backed currency you always have an opportunity to exchange your stash for Kilowatt-hours at fixed ratio. That could be a basis of reliable system.

Of course nations could prefer to use gold standard for their currencies but I think that energy backed currency will be more attractive for international transactions in comparison with golden stanbdard. Gold based system is less adaptive than energy-based system.

Sounds like a good solution. Isn't bitcoin basically backed by computer chips (processing power)?

but energy prices can change substantially; but maybe not more variable than gold or oil

[CripLib]

Thank you for the documentary. Very interesting!

[Balthazar]

Sounds like a good solution. Isn't bitcoin basically backed by computer chips (processing power)?

Nope quite due to fixed coins supply. There is no direct correlation between the price of coin and cost of used resource.

[FutureMoneyTrends]

Sounds like a good solution. Isn't bitcoin basically backed by computer chips (processing power)?

Nope quite due to fixed coins supply. There is no direct correlation between the price of coin and cost of used resource.

Will supply restrained; price will more align with cost

[samaricanin]

You have a good videos, I think that next year will be crucial for the US-EU

[FutureMoneyTrends]

You have a good videos, I think that next year will be crucial for the US-EU

Thanks. Agreed; we're tied at the hip and now eastern countries are connected to rival us because we've sort of oppressed them

[arbitrage001]

Gloom and doom video and predictions are getting old.

[FutureMoneyTrends]

Gloom and doom video and predictions are getting old.

Did you notice we're not just giving opinions and hearsay?

It would make the doc 50% longer to say

"This statistic came from here, this one came from here, this research study says this." this isn't our opinion.

[RitzBitzz]

The dollar should have never been taken of the gold standard because if it hadn't we would still be paying 70 cents a gallon.

[FutureMoneyTrends]

The dollar should have never been taken of the gold standard because if it hadn't we would still be paying 70 cents a gallon.

It hasn't been a true gold standard since 1912

[RitzBitzz]

The dollar should have never been taken of the gold standard because if it hadn't we would still be paying 70 cents a gallon.

It hasn't been a true gold standard since 1912

Yes the fed reserve didn't help the dollar but it wasn't officially taken off till the 70s

[FutureMoneyTrends]

The dollar should have never been taken of the gold standard because if it hadn't we would still be paying 70 cents a gallon.

It hasn't been a true gold standard since 1912

Yes the fed reserve didn't help the dollar but it wasn't officially taken off till the 70s

Global reserves were convertible until 1971. Before that, US citizens could not redeem FED notes for gold

[orsotheysaid]

Dollar can't die because it's not alive, it's undead since 1971. However, the wooden golden stake could be useful.

So if the dollar is like a virus, he has persisted for decades... will it persist with Bitcoin too? I fear it will, it will shape into any form possible to keep going and be the nº1 mainstream currency.

[FutureMoneyTrends]

Jim Rickards furthered the idea that Saudi Arabia is the final domino to go:

https://www.youtube.com/watch?v=RVoMSJ4sry8&list=UUcnmdhM3SQEK5-g3kmOjpOg

in a new interview with Casey Research titled Jim Rickards: Obama Ending Alliance with Saudi Arabia and Killing the Petrodollar

[samaricanin]

Already died, people still do not see it

[Snail2]

Sounds like a good solution. Isn't bitcoin basically backed by computer chips (processing power)?

but energy prices can change substantially; but maybe not more variable than gold or oil

So, we a re heading back to the ancient Egyptian banking system what was based on grains .