What is the reason for collapsing the dollar?

[FredSonoma]

Is it to impoverish people to make them easily controllable?

 

[TheReds]

Is it to impoverish people to make them easily controllable?

Collapsing? Kidding? Yes, some smal loss against eur yen but hey, USA got some inflation now. Thats the reason for the "collapse".

 

[gaze]

a weak dollar generally makes stocks go up because people would rather invest then hold onto a depreciating dollar in a bank account

 

[FredSonoma]

a weak dollar generally makes stocks go up because people would rather invest then hold onto a depreciating dollar in a bank account

That makes sense I've though the same, it's very hard to find quality investments aside from stocks, so if everyone buys stocks that inflates the value of those corporations

 

[gaze]

That makes sense I've though the same, it's very hard to find quality investments aside from stocks, so if everyone buys stocks that inflates the value of those corporations

yea, the majority of wealth in the entire world is concentrated in the stock market. that's why millionaires and billionaires love inflation and a weak dollar, because their stock prices can double in year (which happened to amazon, making bezos over 100 billion in unrealized gains and rising). meanwhile the majority of america who doesn't own stocks, who lives on a fixed wage, gets screwed because yearly the inflation lowers the purchasing power of their fixed wage, essentially giving them a pay cut without officially doing so.

 

[TheReds]

Its not a weak dollar. Just some implicit of the inflation. Just wait a year and you will have that strong dollar again.

 

[Missenger]

Its not a weak dollar. Just some implicit of the inflation. Just wait a year and you will have that strong dollar again.

I imagine that's what Venezuela's government said as well.

 

[Drareg]

The dollar won’t collapse, its backed up by the American war machine, if anything most major currencies will brought close to parity to bring in a central bank backed digital currency.

 

[TheReds]

I imagine that's what Venezuela's government said as well.

So you think the worlds biggest economy will surge the same natural resurses deficit and blockade as Venezuela. Thats an absurd comparization.

 

[Missenger]

So you think the worlds biggest economy will surge the same natural resurses deficit and blockade as Venezuela. Thats an absurd comparization.

Good luck feigning innocence like the rest of the 'sheep'.

 

[gaze]

Stanley Druckenmiller says the Fed is endangering the dollar's global reserve status

Fed policies could end up threatening the long-term health of the U.S. dollar, investing magnate Stanley Druckenmiller told CNBC.

www.cnbc.com

Druckenmiller was George Soros partner for many years and was behind Soros's billion dollar short of the british pound during "black wednesday"

How Did George Soros Break the Bank of England?

George Soros pocketed $1 billion by betting against the British pound in 1992, cementing his reputation as the premier currency speculator in the world.

www.investopedia.com

I think he knows a thing or two about currencies.

Ray Dalio is also warning about it:

Ray Dalio Warns Janet Yellen About Perils of a Weaker Dollar | Chief Investment Officer

The hedge fund chief cautions the new Treasury secretary against complacency over the greenback’s continued role as the world’s reserve currency.

www.ai-cio.com

 

[FredSonoma]

yea, the majority of wealth in the entire world is concentrated in the stock market. that's why millionaires and billionaires love inflation and a weak dollar, because their stock prices can double in year (which happened to amazon, making bezos over 100 billion in unrealized gains and rising). meanwhile the majority of america who doesn't own stocks, who lives on a fixed wage, gets screwed because yearly the inflation lowers the purchasing power of their fixed wage, essentially giving them a pay cut without officially doing so.

Yeah, I was looking at the price of gold and since 2008 when quantitative easing started (which is how they justify massive printing), the price of gold is 4x. I doubt gold is anymore valuable, just the dollar is that much weaker. Then in the present, people make a 100k/year salary and think they are "successful," not realizing how much less that is worth than just 10 years ago.

 

[TheReds]

Yeah, I was looking at the price of gold and since 2008 when quantitative easing started (which is how they justify massive printing), the price of gold is 4x. I doubt gold is anymore valuable, just the dollar is that much weaker. Then in the present, people make a 100k/year salary and think they are "successful," not realizing how much less that is worth than just 10 years ago.

The enormous growth in the whole world last 20 years has forced every resource to gain, that together with common inflation did the gains in gold etc.

 

[Dr. B]

Yeah, I was looking at the price of gold and since 2008 when quantitative easing started (which is how they justify massive printing), the price of gold is 4x. I doubt gold is anymore valuable, just the dollar is that much weaker. Then in the present, people make a 100k/year salary and think they are "successful," not realizing how much less that is worth than just 10 years ago.

whats the 100k equivalent of 100k 10 years ago? btw housing prices havent gone up that much over 10 years... in fact they seem right around the same as 10 years ago... was the housing market inflated to begin with
hasnt quantitative easing been around 100 years, since fdr or something?

Its not a weak dollar. Just some implicit of the inflation. Just wait a year and you will have that strong dollar again.

why in a year?

I imagine that's what Venezuela's government said as well.

i can see the point, i think the US has the war machine to back up the dollar, ensuring its success even with this inflation

The dollar won’t collapse, its backed up by the American war machine, if anything most major currencies will brought close to parity to bring in a central bank backed digital currency.

do u think bitcoin will be worthless? if they bring in central bank backed digital currency what happens to the dollar? is it just the paper form of the digital currency or will it collapse

 

[FredSonoma]

whats the 100k equivalent of 100k 10 years ago? btw housing prices havent gone up that much over 10 years... in fact they seem right around the same as 10 years ago... was the housing market inflated to begin with
hasnt quantitative easing been around 100 years, since fdr or something?

I don't know the answer to either question unfortunately, however in 2020 there was $2 trillion dollars of USD in circulation. In 2010, there was $942 billion! (Source: U.S. Currency in Circulation | U.S. Currency Education Program).

2010 Population: 309 million
2020 Population: 331 million

Where is there double value to keep the dollar the same? If anything people might argue America was more productive in 2010.

 

[FredSonoma]

do u think bitcoin will be worthless? if they bring in central bank backed digital currency what happens to the dollar? is it just the paper form of the digital currency or will it collapse

Yes I do, the future of the economy as Ray calls it is a "mandate economy," and not a "free market economy," aka a few large corporations will sell everything. They will not accept Bitcoin or whatever other decentralized crypto, they will only accept the government Central Bank Digital Currency. So cryptos will be worthless

I don't know about the paper dollar, I would hope that we would be able to trade them in for CBDC's. Who knows what they might try to do with a "cyber attack" though

 

[FredSonoma]

The enormous growth in the whole world last 20 years has forced every resource to gain, that together with common inflation did the gains in gold etc.

What enormous growth in the past 20 years? America has hardly innovated in anything except for software

 

[TheReds]

What enormous growth in the past 20 years? America has hardly innovated in anything except for software

The rest of the world. Africa, asia and ester europe.

 

[CaptJim]

The middle class of America is a historic aberration. Something similar to it has never existed before,
It helped fund American military might, and countless technological breakthroughs.

Get rid of the middle class and you end American superiority.
Get rid of American superiority and the world reverts back to serfdom and peasants.

The old power structure returns. The aristocracy and the elite are back in charge and in their "rightful"
places.

The other steps involved including taking away all muskets, making sure the offspring do not have the mental ability to compete
with the elites offspring, and creating events that make self help impossible.

 

[Dr. B]

Yes I do, the future of the economy as Ray calls it is a "mandate economy," and not a "free market economy," aka a few large corporations will sell everything. They will not accept Bitcoin or whatever other decentralized crypto, they will only accept the government Central Bank Digital Currency. So cryptos will be worthless

I don't know about the paper dollar, I would hope that we would be able to trade them in for CBDC's. Who knows what they might try to do with a "cyber attack" though

do you think stocks are the best investment? stocks and property? not cryptos, not other currency?