angramainyu said:ARE YOU PLANNING THE U.S. DOLLAR COLLAPSING and so are not using things like Paypal.??? It is reliable for me. IS THE U.S. DOLLAR GOING TO DEVALUE SEVERELY,, and you are not warning us.???
The situation is the dollar has been de-valuing for a very long time now, since the removal of the Gold Standard or backing up of the currency.
Many people as a result are worried that the US Dollar will eventually collapse, but the situation is, it's based on fiat currency and it's being printed, so "collapse" will not necessarily mean it will collapse as people imagine historically, but it might keep inflating. Currencies need careful management to not lose their value.
This phenomenon is ongoing since 1915 or so if I recall correctly, it doesn't happen now, but many economists right now are making a big deal out of this because of the imaginary printed and unbacked money that has been printed by the US Government. This reduces trust in a currency, but doesn't necessarily mean the economy will collapse or the dollar will collapse. It means that it will devalue, but this devaluing is a global phenomenon and these things go up and down.
The above however is not an event that just happens instantly, it has been on the buildup for decades now, and it has to do with the dollar supply on the open market.
The dollar is like 99% devalued since it's initial value and this has been happening for a very long time now, decades. But that doesn't mean that it will "Collapse". Maybe it will become less adopted, but it can keep going. How this can keep going is by essentially adjusting the economy to the new numbers.
People generally imagine a super hyperinflation scenario, but what I believe is going to happen, is that the economy itself will "inflate" as in the numbers inflating, and that this then can be fixed or it can be furthered into oblivion. It won't necessarily go into Weimar Germany mode yet.
Lastly everything that is an asset [Gold, silver, bitcoin, physical property, collectible things] is going to adjust to these new numbers that will give rise to themselves out of this incessant printing of dollars.
I have talked about this for years now, and why the above is important. Even as little as very few bucks right now in these things, in the longterm of decades, are part of building a financial security. As I have stated before, land and property are the most stable and best things one could have, but then again everyone has a different financial power and requirement.
Maybe you would need to use the search function, but I realize that it can be impossible to keep track of every response. This doesn't mean I have not said something, however.
That is not something that "will happen now" it's the ongoing situation where any currency is not backed by anything but the mindset of it being "printed on demand", demand meaning essentially the will of politicians.
But their sudden and stupid reckless moves don't reflect real value creation in a Nation or an economy, so them keep printing money out of thin air, causes a serious devaluing of the US dollar and it's trust, but also causes erosion in the consumer economy.
This is a normal part of the economy, but the exaggeration of this power can cause severe problems. Since Co-Vid this has been going rampant.
The economy breaks when the lower and middle class are destroyed, which causes a revolution, through arrogance of the higher classes and the political classes or simply due to mismanagement.
The above is a constant; the enemy wants the Middle Class gone, as it's a sign when there is a powerful middle and middle upper and middle lower class, that an economy is treading well. If these shrink and they become worse and worse, chaos always does occur.
But no this is not the reason we are no longer accepting these, it's because we are being discriminated against by these services which constantly cause problems because we are moving into a dystopian world where people are attacked financially over having "strange" beliefs.
-High Priest Hooded Cobra 666