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Simple answer - not in my lifetime, and perhaps never.
the dollar will crash on October 24, 2067 at 10:17 AM.
I expect a new dollar, like new francs, new marks, new pesos, to be issued within next 20 years. The government will declare exchange rate old for new, 100 to one.
Then they'll claim they reduced the deficit. It's either that, or the Amero or some world currency.
Things are trending badly, but its not like we've hit a point of no return. If the dollar tanks, I believe it'll be because the entire global economy tanks.
Gold is my canary in the dollar coalmine, if it hit $2500/ounce tomorrow I would say the dollar is dead within a year. But the recent hit it took suggests to me that we are regaining confidence in the dollar.
So you're the one what stole the time machine I intended to send back to the present!
i say keep your gold, as long as the fed prints, the market will rise, and interest rates are so low, no one make make money from savings, people have moved from gold to the market to ride the wave, but it cannot last, david stockman has raised several warnings.
You can get 3% on 10yr T-bonds or 6% on junk bonds and mortgage securities. They're drawing money out of safe havens for stocks and bonds creating another booble.
i saw the other day 10 yr CD, 1.5% interest......and i said, are you kidding me!
Hard to say. Gold is trending downward, which really means the dollar is getting stronger as gold is mainly a value-storage device.
Don't know that we can go on indefinitely like we are, but gov and finance powers will be fighting it the whole way... more likely a long, slow drawn out collapse than a sudden one... but **** happens.
IN short, frack if I know.
Not sure why the dollar would collapse. Every other country in the world is printing money and running huge deficits. The question is when will the whole house of cards collapse.
Confidence is gradually shifting to Asian markets since they have the most per capita growth rate right now. Which I think is unfortunate, because I would rather not see China as the world's next hegemon.
As for the U.S. dollar, it's hard to say. It really depends on the inflation rate and the unemployment rate. Both are tied to spending power and in our consumerist economy that matters. For some reason, our politicians (and GOP) think it makes more sense to gut worker rights and unions in order to make us more competitive with China - and we never will be, not when their population is four times ours - than simply invent a new system that the world can transfer their faith to.
There are many growing social movements all over the world that make the 99% movement look like a walk in the park, all based on the sentiment that people are tired of their lands, resources, and ways of life being destroyed to benefit a few globalist plutocracies -- especially when in the past 80 years we have come so close to tasting freedom of the people in very practical, tangible ways. America is the undeniable epicenter of those plutocracies.
Our dollar does not hinge on productivity anymore, but whether or not other countries want to drink the koolaid of the American way of life. Increasingly, they don't want to, not when they are witness to our own degeneration. If the globalists do to the rest of the world what they are doing to American freedoms, then faith will not be maintained, and the dollar will be devalued.
My estimate is the next couple of years.
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