Anonymous
Anonymous asked in Business & FinanceInvesting · 1 month ago

Why do so many think that the US dollar is soon to collapse?

Update:

THE US DOLLAR IS BACKED BY THE US MILITARY? (THE LARGEST MOST MODERN MILITARY IN THE ENTIRE WORLD?)

11 Answers

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  • 1 month ago

    When you have a fiat currency that is meant to measure work and it increasingly is distributed for non-work then it ceases to be a measure of work and therefore valueless. 

  • 1 month ago

    That's what they are saying because they're heavily invested in gold, bitcoin or some other inferior currency that benefits from a weak dollar.

  • Erik
    Lv 7
    1 month ago

    They've said this before, but has it ever happened?  Nope.

  • Anonymous
    1 month ago

    Oil and other commodities in the world are traded with US currency, which means countries and companies buy US dollars to hedge against currency fluctuations.  It keeps the worlds currencies relatively stable, which is good for business.  Electric cars are about to to overtake the internal combustion engine.  This will reduce (but not eliminate) the need for the companies to keep the currency.

    Trump is picking fights with every other country in the world. Governments are looking to make other alliances as the US can no longer be relied on to keep it's promises.  They will also buy each others currency and reduce the amount of US currency they have.

    Some might welcome this change, I do not.

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  • yodi
    Lv 7
    1 month ago

    dude, the US has food to feed the world, sequestered carbon to power it and

    a melting pot of ethnicities. 

  • Lv 7
    1 month ago

    uh, maybe because there are TRILLIONS OF NEW USA FUNNY MONEY EVERYWHERE?

  • Mark
    Lv 7
    1 month ago

    Because the US dollar, like many other currencies, is no longer a representation of physical things, like gold.  Rather, the US dollar is pegged to ANOTHER currency, which in turn is pegged to ANOTHER currency, and so on...  This is how hyperinflation happens.

  • Anonymous
    1 month ago

    Because Biden is ahead in the polls.

  • debra
    Lv 4
    1 month ago

    that is the scariest darned thing i read all morning.

  • Anonymous
    1 month ago

    Because so many don't understand how economics really works, and the impact every country's currency has on every other country. 

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