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I wonder what would finally cause the US Dollar to finally collapse? Would it be China somehow? Either way, the only thing propping up this machine is the fact
by nebula8804 5y ago
I wonder what would finally cause the US Dollar to finally collapse? Would it be China somehow? Either way, the only thing propping up this machine is the fact that the US dollar still means something. What would the world look like post-US?
I noticed that recently my local dollar store has now become the 1.25$ store. This can't bode well for the future...maybe we are experiencing the fall right now. You wouldn't really know until after the fact.
- nradov 5y agoPretty much every fiat currency experiences inflation. That's not a serious problem as long as it remains below hyperinflation levels. The US Dollar can only collapse if the federal government defaults on its debts, or institutes currency controls which make it no longer convertible. The government only accepts tax payments in Dollars, so anyone subject to US taxes has no choice but to hold some Dollars.