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At this point a USD collapse is a collapse of the entire planet's economic system. (IMO, I could be wrong.) It could collapse, but it will take the whole world
by bellyfullofbac 5y ago
At this point a USD collapse is a collapse of the entire planet's economic system. (IMO, I could be wrong.) It could collapse, but it will take the whole world down with it. To use the monarchy analogy again, yeah the emperor might be naked, but as long as we pretend he isn't, we'll continue to have order.
Even China isn't interested in a bankrupt USA/a crashed dollar, because it wants to keep its people fed, and they get fed when they can toil in the factories making cheap shit for Walmart...
- syshum 5y agoWhile none wants the dollar to collapse they are also not willing to see their own economies suffer at the hand of irresponsible people in the fed and Treasury. It is pure hubris to believe the it is impossible for the world to get off the dollar. Hell their have been talks about it in a orderly way by many nations for a long time. OPEC is one of the leading reason for US dollar dominance. If OPEC starts trading oil in something other then USD well we here in the us are going to have a bad time.