The Glade 4.0

Just asking your thoughts.

Mine is that the collapse has already started but won't be seen publically for a few months. The key turning point will be when OPEC finally announces the dollar is not pegged to oil or the IMF changes their reserve currency. This will get public attention and the results could not be hidden.

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"...but there exists also in the human heart a depraved taste for equality, which impels the weak to attempt to lower the powerful to their own level and reduces men to prefer equality in slavery to inequality with freedom." - De Tocqueville

Hopefully soon. This country needs an amputation, not more low level antibiotics that are only masking the symptoms.

Until people are tossed into a "sink or swim" situation, they are going to keep taking the easy and destructive road.

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A man who has nothing for which he is willing to fight, nothing which is more important than his own personal safety, is a miserable creature and has no chance of being free unless made and kept so by the exertions of better men than himself. ~ John Stuart Mill

Well the "solution" proposed will be a one world or a conglemerate currency.

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"...but there exists also in the human heart a depraved taste for equality, which impels the weak to attempt to lower the powerful to their own level and reduces men to prefer equality in slavery to inequality with freedom." - De Tocqueville

Actually, and ironically, a global currency is the correct solution. However, a free banking currency like gold, or something else of hard value. Not a regulated currency, as will be proposed.

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Ezekiel 23:19-20 

Rynar:

That's not true at all. There only viable commodity to use as a global currency is untenable in your belief set. Gold is insufficient, because history shows it can be manipulated and regulated without concrete government interference or collusion. Consequently, the only thing that has hard commodity value in the contemporary world opens up a whole slew of ethical concerns.

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You are correct, and I should have been more clear. Technically, all hard commodities should be in competition as currency, in a perpetually ongoing manner. When I said one currency, I should have said "backed means of exchange".

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Ezekiel 23:19-20 

The United States Dollar? Collapse?

I don't think it is going to happen for at least twenty years. Probably not even then. It may be devalued 10 or 20 per cent, but a total collapse? No, and the reason why is that the rest of the world can't afford for the USD to fail. Even when it is evident it has lost its bang, the countries that rely on the United States to be their consumers will pretend it hasn't.

The only thing keeping it up since Nixon destroyed the Bretton Woods System and took the dollar of the gold standard has been the faith of the rest of the world.

If the dollar collapses, a lot of the other currencies in the world will follow suit within weeks. The Great Depression will be a fond memory within a couple years.

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The U. S. Constitution doesn't guarantee happiness, only the pursuit of it. You have to catch up with it yourself. B. Franklin

"A mind needs books like a sword needs a whetstone." -- Tyrion Lannister, A Game of Thrones

That faith is failing Michael and China is reconsidering its losses of a few trillion when weighing the future loss of a few tens of trillions.

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"...but there exists also in the human heart a depraved taste for equality, which impels the weak to attempt to lower the powerful to their own level and reduces men to prefer equality in slavery to inequality with freedom." - De Tocqueville

Micheal:
I'd say de Gaulle destroyed the system set up under the Bretton Woods Agreement. Nixon just removed the fixed price for an ounce of gold.

As to the OP, I've got no real insight as to the collapse of the USD, but "The demise of the dollar" has caused quite a stir.

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"Dress cops up as soldiers, give them military equipment, train them in military tactics, tell them they’re fighting a ‘war,’ and the consequences are predictable." —Radley Balko

I think the dollar will collapse when *YAWN*

The US Dollar index has lost 13 percent of its value since March.

As for the sentiments about other currencies being precipitously dependent on the dollar, that idea is predicated on the fallacy that the American consumer is necessary to perpetuate the world economy.

This is false. The American consumer cannot play this role, anymore than a druggie going from loan shark to loan shark to secure financing to pay off his debt is a value to his borrowers as a debtor.

Curiously, China has no real way out of this unless the American economy miraculously becomes productive again, and not a consumer, financed based service economy measured by poor indicators like the GDP. If China begins sell off its US assets (the bulk of which is Chinese government owned US Treasury Securities, though I'm sure there is tiny fractional ownership of private US equities and bonds by both the Chinese Government and private Chinese parties) then it crushes the US Dollar before it can get any value from the securities. If it says in, it just digs the hole deeper and wider.

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"It's real, grew up in trife life, the times of white lines
The hype vice, murderous nighttimes and knife fights invite crimes" - Nasir Jones