Is the US dollar going away? Not anytime soon.
- Thread starter poker
- Start date
Virtually all equipment worldwide uses the usd. If oil shifts away from usd that will really hurt. If goods and commodities shift away from it the US is in real trouble. It is well know there are billions of counterfeit usd floating around but America seems they could care less and leave their money as one of the easiest to counterfeit in the world.
The denarius went away over a hundred years before that, so not the best example to use.
350 AD: Will the Roman Dinarius go away? Not anytime soon.....
If I had a nickel for every time I heard someone say the U.S. Dollar was going to collapse…I could probably draw Thomas Jefferson’s face from memory.
For a global currency to exist, there are a few “gotta-haves”. That country must be able to back up its currency (in the muscle type of way, not the gold bars kinda way), run a trade deficit, and have a s**t-ton of it (I believe that is the technical term).
So consider those factors, and voila – your list of potential global currencies comes to a whopping 1 – USD.
- P.Z.
For a global currency to exist, there are a few “gotta-haves”. That country must be able to back up its currency (in the muscle type of way, not the gold bars kinda way), run a trade deficit, and have a s**t-ton of it (I believe that is the technical term).
So consider those factors, and voila – your list of potential global currencies comes to a whopping 1 – USD.
- P.Z.
In theory greenback toilet paper will not go away so long as
debt ceiling is lifted whenever it is about to be breached. As this
can go on (seemingly) forever I can't see why the USD will go away
anytime soon.
There is a way for the U.S. not only to root out any scenario of
default in the future but also to prosper and secure the hegemony
of the USD for another century. The Ukraine war can be dragged on
to a point where most of the EU including France and Germany are
completely cut off from Russia's exports of energy and raw material.
That will lead to migration of Europe's manufacturing industries
to the U.S. Affordable fossil fuel prices following collapse of Europe's
economy would make U.S. exports of consumer goods competitive
again. Post-war Russia will have to make nice with the U.S. to bring in
badly needed capital and technology to revive its dying oil fields. And
with Russia on its side and Europe (plus the UK) consigned to the third
world the U.S. can save considerable military expenses by dissolving NATO
which is no longer needed to safeguard world security. The future doesn't
have to look bleak.
debt ceiling is lifted whenever it is about to be breached. As this
can go on (seemingly) forever I can't see why the USD will go away
anytime soon.
There is a way for the U.S. not only to root out any scenario of
default in the future but also to prosper and secure the hegemony
of the USD for another century. The Ukraine war can be dragged on
to a point where most of the EU including France and Germany are
completely cut off from Russia's exports of energy and raw material.
That will lead to migration of Europe's manufacturing industries
to the U.S. Affordable fossil fuel prices following collapse of Europe's
economy would make U.S. exports of consumer goods competitive
again. Post-war Russia will have to make nice with the U.S. to bring in
badly needed capital and technology to revive its dying oil fields. And
with Russia on its side and Europe (plus the UK) consigned to the third
world the U.S. can save considerable military expenses by dissolving NATO
which is no longer needed to safeguard world security. The future doesn't
have to look bleak.
Phil on Time Team still finds them regularly. Will anyone say that about Bitcoin in 1500 years?
