Thread: When will the dollar collapse?

I think it depends a lot on how you define "collapse".

I'm doubtful of the wheelbarrows of money scenario.

However I think we're eventually going to see a revaluation of the dollar vs asian currencies that is going to make for a significant quality of life hit.

Also I think we might match some of the historical highs for inflation and experience 10-20% inflation per year for a while.

So if dropping to a third of its purchasing power over a span of five years is a "collapse" I think we'll see it within the next decade or so.

Originally Posted by What is free

With the way our economy is headed, when do you think it will happen?

Hard to say. It will collapse, all fiat currencies do. How it will collapse, and what it will be replaced with is anyone's guess. There will be a demand from the economic central planners to fix the problems they created with more economic central planning. On the other side, there is a growing movement to restore free banking and free markets in money.

What you should hope for is that the dollar collapses after the other major world currencies do, not before. Anyway, get ready for another round of QE to "save us" from damage caused by the evil, nasty greed of corporations.

Like EURO Dollar will never collapse, otherwise the entirely World Economy will blow up.

double post

Agree here. Except on the amount of value lost. The U.S is already in the final steps of helping China to position itself and its currency as co-reserve status with the dollar. China has already been giving direct purchasing rights and access to the U.S Federal reserve when buying bonds and allowing The Peoples Bank of China to open up branches in the U.S

(Reuters) - China can now bypass Wall Street when buying U.S. government debt and go straight to the U.S. Treasury, in what is the Treasury's first-ever direct relationship with a foreign government, according to documents viewed by Reuters

.http://www.reuters.com/article/2012/...84K11720120521

One the reasons to this is to make cheaper for China to buy U.S debt at a cheaper rate by cutting out middlemen Wall Street banks.. another reason is to devalue the dollar but allow China first dibs on U.S debt since they are going to be the biggest purchaser. This will facilitate devaluing the dollar against the yuan making it possible to keep the U.S debt charade chugging along a few more years... in the end China will own a good portion of the U.S directly... from credit cards to home mortgages and auto loans.

Everybody will be happy.. the multinationals...the banks.. the politicians... republicans... and democrats, dont fool yourself into thinking this a lefty or righty thing.. this is brainchild of both sides.

In the end the dollar will have lost over half of its value and the american people set back to 1930's standard of living for the masses ( since alot of our standard of living is bought on debt anyway).

Dont whine America.. by enthusiastically allowing yourselves to be duped, and manipulated... divided American against American along imaginary ideological divides you allowed this to happen. You assumed that this was only going to affect the "other guy".... all of us are the "other guy' the people orchestrating this have one side... and 99.8 % of Americans dont belong.

Originally Posted by waltky

Granny says it gonna happen on Dec.21st of this year.

Originally Posted by Ostap Bender

Like EURO Dollar will never collapse, otherwise the entirely World Economy will blow up.

The result would be disaster so it can't happen? That's a circular argument. Governments don't have some magic power to violate the laws of economics without suffering the consequences. No fiat currency in history has withstood the test of time, and the dollar and the Euro are no exceptions.

Originally Posted by BleedingHeadKen

, and the dollar and the Euro are no exceptions.

I can not see any alternative to both currencies. Or do you think Yuan, Zloty, Dansk Krone or probably Ruble will be fine?

Originally Posted by Ostap Bender

I can not see any alternative to both currencies. Or do you think Yuan, Zloty, Dansk Krone or probably Ruble will be fine?

They'll all go.

Why do you believe that there must be an alternative in the form of some government's fiat paper?

It will collapse when Obama gets reelected.

Just kidding. It probably won't collapse anytime soon. Fiscal responsibility isn't partisan, and it's sweeping in elections in this country. I trust that Romney will win and, with Ryan and other leaders, will tackle the budget. We need to reform the entitlement programs, and I believe that these guys are the ones to do it. It might just be wishful thinking, but who can blame me for wishing that politicians would balance the budget?