The dollar is finished, but the old must fade for the new to rise

12 replies 475 views
s33d_moonFull Member
Posts: 235 · Reputation: 715
#1Mar 26, 2019, 01:35 PM
It's not wrong to say that the dollar is dead. Seriously, it's over. Everything old has to go for something new to take its place; that's just how life works. The old dollar is finished, and I think most economic experts, myself included, agree on that. But hey, the people in the USA aren’t going anywhere. The bankers are still around and the ones who innovate and come up with ideas are still kicking too. They have their plan B. They know the old system is done, and that’s why they’ll start using crypto. The US is likely gonna put its flag on crypto, even if they didn’t create it. They have the power to claim “crypto is made in the USA.” Who knows, maybe Trump will even joke about "Uncle Trumpmoto". But really, the point is that the US will use crypto as a tool to maintain control over the world for decades. Sure, we can argue that the average person in the US is uneducated and not very aware, but the ruling elite? They are sharp and educated with some of the brightest minds out there. It’s a misconception that the US is just a forceful nation. They often employ tactics where they show one thing while doing another. It seems the administration understands strategies like "appear weak when you're strong and appear strong when you're weak" not in every situation, but in a lot of cases. When you control money and finances, you don’t need a gun. But those who rely on guns will need you.
6 Reply Quote Share
the_sageFull Member
Posts: 116 · Reputation: 408
#2Mar 26, 2019, 06:15 PM
Saying “dollar is dead” is half-true at best. The old system is stressed, yes—debt, inflation, weaponized finance, etc. But “dead” doesn’t mean gone overnight. Empires don’t collapse loudly; they transition quietly.
5 Reply Quote Share
j0hn2013Member
Posts: 29 · Reputation: 123
#3Mar 27, 2019, 12:31 AM
As per the current economical strength and political stability in USA, they will not let their currency die. There are many as technological giants from USA and they are making revenue from around the world. From Microsoft to recent Nvidia, all are doing business in every part of the world and taking money from all of us to USA. I can recall that Tiktok could be the only other modern service which is not based on USA but Trump government is continuously pressuring on tiktok to be an USA based. They have strong innovation in military, pharma, aviation etc. When they have more than enough power in terms of generating revenue, they could self adjust if anything goes wrong with their economic policy. So, USA may continue its dominance for another 50 to 100 years before China or some other country to dominate in terms of economy and power.
0 Reply Quote Share
nonce1337Full Member
Posts: 62 · Reputation: 333
#4Mar 27, 2019, 03:07 AM
I don’t think the dollar being dead is the way to go. Dead systems don’t die, they adapt.  I get it, the dollar has its flaws.  However, the U.S. doesn’t function on one currency, it does have other things, like strong flexible institutions, adaptable capital, and the ability to influence and change things. If crypto becomes the go to financial tool, state influence is inevitable.  Big players can actually shape the rules, and they actually control what is important. It’s not because they are the ones that invented crypto,  but because they are the ones in control of the financial flow, the rules, and the access,  which is where the real power is. Focusing on the average citizen limits the perspective,  as they are not the ones crafting the financial game plan.  Elites and institutions do that, and have always been great at turning challenges into advantages while everyone 'fights' in social media.  Yeah truly the system is old, but it don't really mean the power has disappeared. The power just shifts.
3 Reply Quote Share
Posts: 20 · Reputation: 247
#5Mar 29, 2019, 08:20 AM
Lol! I prefer crypto like BTC over the dollar myself, but saying USD is dead is just silly to say the least. It still accounts for almost half of all global transactions which itself says everything. It isn't as strong as it once was, but it's still up there on top. USD, Euro and a BRICS currency might end up trading blows on top sometime in the future based on my research.
4 Reply Quote Share
jake_lordMember
Posts: 30 · Reputation: 136
#6Mar 30, 2019, 07:20 PM
dollar is still a strong currency against ours until now it is still regarded as one of, if not, the strongest currency in the world and it may be declining or the usa's economy isn't as strong as it used to be but it is not DEAD to say and its impact can still be felt there is no next currency to lead the world just yet it but could be soon
0 Reply Quote Share
maxgasSenior Member
Posts: 122 · Reputation: 908
#7Mar 30, 2019, 11:09 PM
Your statement sounds like a phrase that could certainly be untrue, because from all indications dollar still remains the number 1 currency among all in the world and the tendency of it dying soon could be some motives generated to drive away people from holding unto it. I'm trying to get the point you're laying concerning dollar being dead probably due to the revolving crypto currency in the world today but regardless Dollar is never dead and wouldn't be, there might be arise in new currency but I think it'll still maintain its place.
3 Reply Quote Share
maxi_hawkFull Member
Posts: 104 · Reputation: 660
#8Mar 31, 2019, 02:29 AM
I do not agree that the dollar is dead. It is a well known fact that the dollar is losing its value, therefore it is better acknowledging the fact that it is actually is losing its value. Saying the dollar is dead is a bit over exaggerated. At least for now, global trade, debt financing and the others are being controlled by Dollar for now. The system that controls the dollar might be week and depreciating, but dollar is still accounting for all stated above and even more. I love bitcoin, but I will not over exaggerate things to make myself feel good.
2 Reply Quote Share
diamond21Member
Posts: 34 · Reputation: 164
#9Mar 31, 2019, 04:47 AM
Yes, the US is the most unusual nation on earth, and its high standard of living is easily understood by the fact that it does things no other country in the world does—for example, it offers a green card, which demonstrates how much people from all corners of the planet dream of becoming US citizens. And its government is truly powerful and always looks out for the interests of strengthening the dollar, essentially selling the entire world the idea of ​​the dollar's extraordinary strength. Just think about it: it's not even a resource, but essentially an investment in making the US even stronger. The dollar is a vicious cycle in relation to other currencies, because it's better than any money on the planet. At the same time, of course, it's inferior to cryptocurrency assets.
5 Reply Quote Share
SilentYieldSenior Member
Posts: 145 · Reputation: 1003
#10Mar 31, 2019, 11:00 AM
It's too soon to say the dollar is dead, we see trump's current efforts and strengthening the position of the US with his trade strategy and also strengthening the position of the dollar, all of this is related as a whole, we can say that weakening is true but I think we need to go deeper into how long it will last, maybe it could be less than a decade and its dominance starts to weaken again. Now it is still a period of transition and global competition in the use of international trade currencies, economic aspects, political aspects will play a big role to show strength, every domination must collapse as in the history we have gone through in this world, we are just waiting for the bubble to burst and a new power that is recognized by the world is born.
1 Reply Quote Share
c4lmdeg3nSenior Member
Posts: 191 · Reputation: 1118
#11Mar 31, 2019, 03:15 PM
I get it that many dollar haters wish for it to die especially none Americans because of it's dominating presence in global finance, they want a rival opposition that will challenge it at the top. It could happen in the future but for now there's no fiat that can favorably compete with the US dollar and I don't think that the currency is dying in the foreseeable future. Bitcoin is stepping up to the plate and it came with an edge that no traditional currencies have which is decentralization. I know that Bitcoin can match the US dollar because you don't need a third party involvement to do p2p transactions. We should understand that Bitcoin is not in a competition with the US dollar or any other fiat that steps up they can coexist but I see Bitcoin taking the top spot sometime in the future.
2 Reply Quote Share
wolf_blockFull Member
Posts: 125 · Reputation: 586
#12Mar 31, 2019, 04:47 PM
I don't think the American dollar is close to being dead as so many people claim on the internet and in some conspiratorial news and channels. The USD is under stress because some competitors have appeared in the geopolitical landscape and by Bitcoin and other cryptocurrencies are also taking the interest away from Fiat, but that does not mean USD will disappear over-night leaving a vacuum of power to be filled by other currencies. The American dollar will slowly lose influence over time and the Federal reserve and the presidency of the United States will make all thing possible to keep their Fiat as king of international transactions.
5 Reply Quote Share
im_apeHero Member
Posts: 629 · Reputation: 3824
#13Mar 31, 2019, 05:09 PM
Hey mister economic expert, I think you should first make up your mind then start topic after topic in this board. You can't say "dollar is about to go up in value" in another topic then say dollar is already dead in this topic simultaneously.
2 Reply Quote Share
?Reply
Sign in to reply to this topic

Related topics