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USD Currency Collapse – Possible?

lewj24

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The government is printing money. Printing money is inflation.

There is only X amount of goods to purchase. If you double the money supply there is still only X amount of goods to purchase. This is what causes prices to rise. Supply and demand.

There is no dollar shortage. Just because businesses were shut down and couldn't make money doesn't mean the economy is lacking dollars. There is still the same amount of dollars in the economy. Printing more just causes inflation.
 
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Kid

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Probably 99% of currencies are backed by hot air.
As for your question:
There will be no "collapse" of usd.
It will be gradual change into yuan.
 

Mckenzie

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maverick

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Musashi

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So the USD crashed now...what do you guys think about the USD situation right now and what are your predictions for the near future?
 
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socaldude

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It doesn’t matter what backs fiat money. The economic productivity of that jurisdiction backs the currency.

Even if money was backed by gold and silver they still do it under fractional reserve banking. Certain people wouldn’t get any gold or silver if the currency collapses because there was only 15% gold or something like that in reserves.

What matters is WHO controls the money supply and what counter interests they have apart from the majority. Some money printing is okay to allow poorer people access to more money as big banks and corporations would hoard all the money if the quantity was fixed.

But I imagine there must be some serious political and social unrest for people to say “I’m not accepting any dollars I can’t buy eggs with them it’s too expensive!”

Right now our central bank is stress testing things and frankly lies about the inflation it’s gonna cause. Friedman said it best, inflation is too much money chasing too few goods. They pump trillions in liquidity into their own back yard and to hell with the average joe. That’s the problem.

In other words the jurisdictional aspect of money is the most important. That’s the secret of money. Who controls the land under your brick and mortar business? The nation your a citizen of. Who gave a monopoly over printing money to the fed? Your nation did. What do I pay my taxes in?
 
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WillHurtDontCare

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"On crypto twitter (and gold twitter), you’ll see the meme “Money printer go Brrr”. Now you understand why they are printing the money. The government is attempting to stabilize the global economy by printing the difference in lost GDP."
 
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Kevin88660

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"On crypto twitter (and gold twitter), you’ll see the meme “Money printer go Brrr”. Now you understand why they are printing the money. The government is attempting to stabilize the global economy by printing the difference in lost GDP."
Assets inflation is sure to come. Whenever money is printed it goes to assets market.

On goods market it is tricky. The trade war will push cost up but also drive spending power down.

Most of the productivity growth is pegged to production of manufactured goods. Services like education and medical will just skyrocket..
 

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