3 ms·
I believe we are in the first stages of the implosion of the US dollar and the US financial system but since it's a huge system it's happening in a motion that
by csomar 3y ago
I believe we are in the first stages of the implosion of the US dollar and the US financial system but since it's a huge system it's happening in a motion that the typical brain does not understand. People think it'll happen in a matter of hours but that might not be the case. It might be happening right in front of our eyes but we have never had such an event so we don't know what it looks like. Until maybe 5-10 years later.
- nemo44x 3y agoWell, the world is increasingly becoming more unstable which is good news for the dollar. The US financial system will continue to excel so long as global demand for dollars remains strong.
- xtian 3y agoDemand for dollars will remain strong as long as they are the least onerous way to conduct international trade for essential goods. The US makes very few of these goods domestically. Eventually the mountains of sanctions, central bank asset seizures, endless debt and money printing, and policy of foreign meddling will tip the scales.
- matthewfelgate 3y agoNo. The USA is set to succeed in the next 10 years because of geographic and demographics. Perhaps you're a pessimist.
- csomar 3y agoI am not a pessimist. I don't believe the geography/demographics argument. Brazil had that and yet the performed really badly. Argentina has a great geography with no demographic tensions and have performed catastrophically. Also, the US is coming from a high point, not 0.
- oytis 3y agoIt's also that the U.S. is a developed country. Most countries are either developed or have good geography, demography and access to natural resources. U.S. has all or it.