Updated over 16 years ago on . Most recent reply
Dollar Predictions
I believe within three years the Dollar will have tied the all time record for the longest period of time a fiat currency has survived, until being replaced, or reset back to commodities.
What are your predictions: Will the dollar break records? Be replaced? Be reset back to a commodity basket? Reset to gold?
What is life going to be like if/when it does reset. Two currencies taken at the supermarket: old dollar and new dollar? Will we hear/read the price of gold announced in all media forms, every hour?
Inquiring minds want to know!
Fiat currencies have crashed consistently and repeatedly for thousands of years. It does not mean the world becomes mad max. But what will it look like during the transition?
Most Popular Reply
Back to the topic at hand, I am sure that the dollar will lose it's status as the world reserve currency in the near future. We are destroying the dollar with all the wreckless printing of money (from thin air) and unsustainable spending. Why would China or any other country want to hold dollars when the dollar is losing value right before their eyes
That doesn't even account for the trillions of dollars that "free" health care and 'cap and trade' will cost. Furthermore, the middle class is being destroyed right before our eyes as socialism is instituted. What's going to happen to the dollar? It's going to be destroyed and the economy is going to collapse!!! It's happened over and over throughout history and is happening now right before our eyes.
Mike