I was told that USD $ is going to collapse, True ?

[TradeTune]

Here in middeleast countries because Most currecies are tied to USD, because of Petro Dollar.

There is concensue that anyone holding dollor bank account, should keep it in Euro or other currencies, because USD will keep weakening much more and Bitcoin will replace Dollar ... what's your take on this?

 

[maxinger]

That is a good one.

Next rumor, please.

 

[HolyGrailSeeker]

All fiat currencies eventually collapse.

 

[VicBee]

Here in middeleast countries because Most currecies are tied to USD, because of Petro Dollar.

There is concensue that anyone holding dollor bank account, should keep it in Euro or other currencies, because USD will keep weakening much more and Bitcoin will replace Dollar ... what's your take on this?

Speaking of my experience, I bought an apartment in Spain in September and would not have been able to secure a euro loan if my employment income had been in US dollars... for that specific reason.

 

[Gaslight Capital]

Covid is about ready to burn the world down again… Let's see who's currency gets bought and who is currencies get sold.

USA!​

 

[zdreg]

Covid is about ready to burn the world down again… Let's see who's currency gets bought and who is currencies get sold.

USA!​

$US being bought is a short term reflex transaction as a reserve currency. Longer term the US will be recognized as a zombie economy similar to Argentina and will lurch from one financial crisis to another. Adjusted for inflation stocks will be a poor investment.

 

[Gaslight Capital]

$US being bought is a short term reflex transaction as a reserve currency. Longer term the US will be recognized as a zombie economy similar to Argentina and will lurch from one financial crisis to another. Adjusted for inflation stocks will be a poor investment.

I do not agree.

 

[Girija]

Here in middeleast countries because Most currecies are tied to USD, because of Petro Dollar.

There is concensue that anyone holding dollor bank account, should keep it in Euro or other currencies, because USD will keep weakening much more and Bitcoin will replace Dollar ... what's your take on this?

Yup everyone here is buying bitcoin. Tell your folks too sell everything and buy bitcoin.

 

[MarkBrown]

if you go to the grocery store you will see that it already has collapsed

 

[Scataphagos]

All fiat currencies eventually collapse.

Sad but true. Seems greedy politicos just can't help themselves... they simply MUST "print money and spend more than they take up in taxes". And they don't stop until their currency is almost worthless and all holders of it (mostly native citizens) are bankrupt.

Amazing.... with so many historical examples of this... that governments can't seem to learn the lesson.