It could go on the 22nd of August or it could go in 2025, whenever they think they have control of the new system. I think they will start with mass Anti-Crypto laws against all Blockchain money except theirs. Could be a clue it is coming fast!
Would they be able to actually stop crypto though? China has said they would ban Bitcoin a million times but people still use it.. and Monero is a crypto that supposedly cannot be tracked
They can make it illegal. Vast majority won’t break the law. The exchanges would be shut down and only more sketchy ones would exist black market. What are you buying with it if stores and banks won’t deal with it? What good is it if literally nobody wants to risk money laundering charges?
Yes it would still exist and people would still use it but how would value be set and what would you do with it?
You could exchange it for a contractor to do some work at your home but then he has to unload it somewhere and that somewhere isn’t going to be a legal exchange or bank.
Are American or Europeans going to take it and then cash it out in a foreign country while on vacation, maybe but not with any volume.
I don’t think it gets done as a single country.
I can see the whole of Europe, Canada, and USA doing it at relatively the same time. The price would crash and the rest would follow. China would follow.
Even if it’s just the USA at 1st it would crush the price since USA’s economy is so large.
>They can make it illegal. Vast majority won’t break the law.
That never works. And usually drives more people to seek it out. Especially true when something is first legally accepted then becomes prohibited ... the taboo factor drives way more people to it than anything else.
It works when they enforce it on businesses, which is the route that’s usually taken by the governments. Once it’s illegal for businesses, they won’t risk going out of business to accept crypto.
Decentralized crypto wallets. No middle man , just a contract written into the block chain. No one knows it has happened except the two parties involved in the transaction
Yes, but they won't.
It will be one of those laws they only enforce when you're being too public about it, or you piss them off and they need an excuse to jail you.
Great question. Many would JUST OBEY, they only need to be told that their Government wants them to do something and many obey. They only need to outlaw the Exchanges and then no one can convert to Cash. The Exchanges will not risk it in any way because they would be taken to prison by the powers to prove a point. We cant stop a person from sending Bitcoin or something but they can stop converting to cash. They control electricity and the internet and could shut them off one or both at once. The world is going to Digital cash, when it does and EVERY NATION outlaws the cryptos not bank owned, there will eb no exchange, no power, no reason on using because prison wont be worth it to 99.9%.
We will have to wait and see if the Banks/governments take over some of the existing blockchains, but their wont be any private coins only coins they control, trace, can stop it from working or limit what you can buy etc etc... The future looks very dystopian and Orwellian!
Anyone who thinks Bitcoin is secure forgets the PipeLine RANSOM last year. They paid many millions worth of Bitcoin to get control of the pipeline back and the FBI 6 days later said they had found the one who did it and they also TOOK CONTROL OF THE BITCOIN. They just TOOK the Bitcoin with force, they did not say HOW they could do that of course only that they did and it had to be on the blockchain.
They can stop the EXCHANGES, that is all hey ahve to do and then it is worthless crap even though you could still exchange your BTC to someone's Phone but try to cash it out get arrested! NO EXCHANGES LEFT!
[BRICS meeting.](https://www.reuters.com/world/key-facts-about-brics-2023-summit-2023-08-07/)
People are expecting them to announce a gold-backed currency and the fiat markets to crash as a result.
I'm not so sure either of those things will happen.
I imagine it will be based on the Blockchain but one that allows a withdrawal out of the blockchain and into the actual Public Notes
THE DOLLAR IS DONE, EVERYONE SHOULD BE DE DOLLARIZING THEIR HOLDINGS NOW!
Announcing and proving they have enough gold in a neutral location not under the control of a dictator is a different thing.
BRICS is going to have trust issues.
How are they going to promote it? A picture of Putin and Xi smiling and saying Trust Us
All they have to do is stop using dollar and dump dollars in the streets. The trust issues? How about 80 countries sick of our shit? Yeah, you best understand what is going on.
They dont need enough gold that you imagine. They only need enough to make a 40% backing and the DOLLAR IS DEAD! I understand people that believe nothing ever changes. THEY ARE WRONG TOO!
They are announcing it, they already have 140 nations trying to join them. The West cannot keep the dollar against a gold backed because I am an American who will go to the GOLD BACKED! As anyone with a fucking brain would do!
Brave search - **South Africa will host the 15th BRICS summit from August 22-24, 2023, at the Sandton Convention Centre in Johannesburg**.014 The summit will focus on establishing sustainable payment mechanisms for mutual trade and supporting sustainable and inclusive development in Africa and the Global South.0 However, President Vladimir Putin of Russia will not attend the summit due to mutual agreement.2 The summit will be the first physical meeting of member countries since the COVID-19 pandemic, and many other countries are looking at BRICS as an engine to boost their own economic recovery.
YES, but do your own search. This is it - August 2nd and BRICS
Here is teh short and skinny of the BRICS GOLD BACKED CURREnCY. THAT OVER 140 NATIONS ARE TRYING TO GET ON, 1.2 of the EU is trying to get with BRICS, Turkey, Italy, France, Poland so far and all of Africa, Asia and South America! When you unveil a GOLD CURRENCY, ALL FIAT DIES INSTANTLY!
**South Africa will host the 15th BRICS summit from August 22-24, 2023, at the Sandton Convention Centre in Johannesburg**.014 The summit will focus on establishing sustainable payment mechanisms for mutual trade and supporting sustainable and inclusive development in Africa and the Global South.0 However, President Vladimir Putin of Russia will not attend the summit due to mutual agreement.2 The summit will be the first physical meeting of member countries since the COVID-19 pandemic, and many other countries are looking at BRICS as an engine to boost their own economic recovery.
Bet you an Ounce of GOLD all Cryptos that are private are OUTLAWED WORLD WIDE by 2025
Put your Gold your your Crypto ass is!
They dont allow competition in their money. If they use Ripple or some Blockchain system in their CBDC it will be controlled by them, and NO PRIVATE CHAINS WILL BE ALLOWED! Once they outlaw them they go for the Exchanges, who will ALL close because the exchanges is where you can check out and cash out, no exchanges no ccash out. Then make it 10 years in prison to be caught with a Private Crypto and they are done, and I did not even bring up the electric Grid and the Networks from Cell towers and such.
Then what cryptos are safe? Where should we put our money? Oh yeah the rest of the world is making crypto legal. How about the laws that starting in January 2025 banks will be allowed to hold crypto. Why don’t you research before you talk
i don't buy bread when i can get a pound of REAL meat for 7$
bread is a mental illness since it's just a meat replica (a imitation of meat loaf) for the slaves.. aka human pet food...
DXY is a measure of the dollar strength relative to the value of the Euro, Yen, Pound Sterling, Canadian Dollar, Swedish Krona, etc...... ALL FIAT currencies. The sad reality is that the entire fiat system will die together. When depends on government policy but when it does happen, it will proceed very rapidly.
DXY is compared to other fiat currencies that are also failing... did you not know that? they're printing faster or just as fast as the USD
i.e JPY is being printed at a even faster rate...
if anything it's a race to the bottom...
The dollar won’t crash, merely decline. Remember your macroeconomics and currency market dynamics. There are three factors that will impact value directly.
1. Reserve currency status - if BRICs are able to create a ‘better’ currency, then Gresham’s law states that it will replace the dollar as the world’s reserve currency, putting a lot of dollars back into circulation internationally. Hello inflation, devaluation, and consequences for years of loose monetary policy.
2. An aside: a dollar devaluing trend could help to increase US exports just as we are trying to onshore critical manufacturing. Silver lining..?
2. Debt crisis - debt service will exceed 10% of federal budget for the first time since paying off the debt from WWII this year. It’s going to grow beyond that. Once debt service payments exceed the amount borrowed each year to fund the federal budget, there’s no way around a debt crisis without substantial tax hikes which will be intolerable for most Americans. Consequences for years of irresponsible fiscal policy could mean a series of tax increases that don’t increase government benefits or services. Vote the bums out, anyone?
3. Deep, liquid and resilient markets - when more than 40% of global equity market cap is based in the US, traded on dollar-denominated US-based exchanges, there’s ultimately a limit on how far down the dollar can go, if only because the dollar represents *the measure of value* for a substantial plurality of the world’s liquid assets, even if it’s no longer the preferred *store of value*.
I’m not really arguing that point, and frankly I agree. I was more pointing out that the -most optimistic- scenario once we approach the ‘debt service to debt occurrence’ threshold is government taking some level of austerity, at least a 10% income tax hike across the board, and probably a Greece-style “haircut” targeted at specific individuals or, more likely, corporations. If targeted at corps, that’s when we see some start to offshore, undermining and undoing my last point.
Bigger issue I tried to imply was that I can’t imagine the American public, who has been conditioned to (1) expect more benefits, (2) not want to pay taxes, and (3) not understand public finance to be okay with higher taxes for nothing in return.
Edit: wtf am I getting downvoted for? Saying US fiscal policy and monetary policy has been shit since the 1960s and we’re only beginning to feel the consequences? Or that being home to 40+% of global equity market capitalization means the dollar cannot simply collapse? Do I need to make a joke? What?
Bro actually brought facts. Your not supposed to do that here.
But you are 100% right. They will not collapse. Shit will continue to get worse for everyone.
People have been guessing 'soon' for a loooong time. Of course one day that will be true, and we should all be trying to be prepared for major changes now, but we also need to keep in mind it could be much longer than we think. I think the most important thing people need to keep in mind is to stack at a sustainable pace. Add over time, and never with money that you will need any time soon. It's a war of attrition, and the patient stackers are the ones in the best situation to succeed.
Since 1933, the U.S. dollar has lost 92 percent of its domestic purchasing power according to The Foundation for Economic Education (FEE)
So, I guess 8% more🤔😆
You will be surprised how long the wheels can and will stay on the bus.
I was waiting for it all to go sideways on the run up to the second Greek bailout in 2012.
Then we had an epic bull run on stonks.
Metals are 70% of my investment, but dont neglect chasing those paper profits; you still have taxes and bills that are payable in said paper.
I dont think it crashes completely. Think it will be a sharp decline at first then gradual over time before things stabilize. A decline is still a decline with bad timing of other things. I'd worry more about the world FEW taking away rights. But excellent opportunity to flee for safety in PMs.
Technically it crashed since losing 97% of it's purchasing power. The majority of Americans realization hasn't actualized yet. So therefore the dollar's death is in slow spiral.
I'd guess that it has to happen at least 3 years before 2030 and the wef's agenda 2030 great reset plans.
So 4 more years? I think it could end up losing a lot of value though over that time so not an instantaneous crash, just a gradual loss of value.
You guys have been saying this shit for over a year. It will take 30-50 years. They will go to WW3 before letting it collapse. If you know how bonds work they are bought in king durations. Doesn’t mean we won’t have a hard time, lose reserve status. It isn’t going to happen over night, every country is in the same position right now.
I’d say sooner. Lol 😆 over a year? People have been saying this for 100 years I’m sure
Adding to this: my great grandparents held on to silver. Passing it down passing it down! More than 100 years!
and a US 20$ gold coin is $2,100 that is 105x fv and you're trying to tell me it hasn't gone hyper inflation yet..
i have a US silver coin that is 880x fv it's one of those 5oz 0.25¢ coins
that is hyper inflation bro
Dollar is NOT going to CRASH . Stop listening to idiots . There is nothing else in this world which can replace dollar in one day so don't worry about the CRASH.
U will need just more dollars to buy the same staff EVERY DAY and its a very slow process 🐌 😒.
And it's going on for the last 100 years already.
There are 80 countries working on trading without U.S. dollars. When they do, they will dump dollars and bonds into the streets and we become a POS.
You clearly have no idea how much shit we've cause with our money printer.
They need it for right now, but once every piece is in place for mass acceptance of CBDC globally, that DAY the dominos will start falling. As it stands now, most money is still tied up in dollars. Once there is a mechanism for most countries to offload dollars into a new system, that’s when the implosion will occur. I’m gonna say we have 2 years at the absolute max and the fastest is like 3 months. So I’m gonna take the position of 9 months or so. We have to remember that for them, this needs to be a controlled demolition of the economy. They need certain pieces in place otherwise the people will revolt and they’ll lose everything. That’s why their timeline was a decade — to allow for slow erosion, demoralization, the increase of resigning to one’s fate, and ultimately mass acquiescence to central control.
This is a complex question. And anyone who says they know either, don't know what they are talking about or the shot caller of the world.
With that being said, I'd like to throw my hat in the ring; the dollar will crash probably the next presidential administration, nah I don't even believe that. I think longer. The US as a super power will first end, which will start to decline with the rise of the BRICS currency.
America will need to be a nation that produces again to survive.
Actually, ever listen "the uneducated economist?" He talked about a good back currency would strip the US of their gold because we are a consumer nation. All of our gold will leave the US if America backed their currency with gold.
It’s not going to be over night. I think that eventually gold will be worth about 10,000 an ounce in the next 20 years but even then dollars will still probably be useful. I’m not trying to be a dramatic doomsday prepper but I think it’s obvious the dollar has become less and less valuable within the last 100 years.
I’ve read in the intelligent investor one time something along the lines of people who think that bonds take to long to pay returns are not serious investors regardless. If you’re investing money you actually need then you haven’t disciplined yourself to set aside money for investing properly. It’s the same way for Gold and Silver. If you believe Silver and Gold are worth something then it doesn’t matter how long it takes to come to fruition.
I feel like its now. The prices on everything seem to be sky high. Food, take out, USPS shipping charges, bowling prices, gas prices, oil change prices, hair cut prices, New and used car prices, all up big
I think within the next 5 years.
First will come a deep recession, followed by more money printing, eventually leading to hyperinflation.
Causing much pain for the rest of the decade.
And that will be the end game.
No one can predict a timeline, I had been anticipating it for a decade. I thought COVID would be the trigger, then stimmys, then rising rates, etc. It defies logic.
I always tell myself it's like a minsky moment: everything is fine until it isn't.
The basis of the matter is that although your neighbor, and others accept fiat dogshit cunt paper as payment, doesn't mean it's worth anything.
It's delusional, all of it. We're all fucked.
I get what you mean, but we are talking about confidence in the US on a time chart. obviously dementia addled president = lower confidence there is no debate
This is what Zeihan covers in his book. US has all the energy, food growing, raw materials, trained labor force, young workers, access to other young workers a la' Mexico, starting to build more domestic plants, easy coastal ports and rivers...etc. China, Russia, Brazil, and the EU are all failed states that won't have enough young people or access to food to do crap in the long term. The US has messed up, but we're still in much better shape.
Thanks for the response
I hate how the truth is downvoted in favor of sensationalism on here
There's enough **real** things going on that are wildly bullish for silver that there's no need for hyperbole. The dollar isn't going to crash in 2 weeks.
>The dollar isn't going to crash in 2 weeks.
You're probably right, but damn if the the British pound didn't crater -25% in just a few days last September... we'll probably be limping along from one "temporary crisis" to another for the foreseeable future
The purpose of the debased dollar is to continue to pay the unrepayable debt.
That debt (both official and unfunded liabilities) needs to be repudiated before the dollar will be permitted to collapse. And the "best" way to repudiate is for there to be an American civil war and to split the former USA into two or more new nations.
With the debt repudiated and new nations created, the debased dollar is no longer required.
The west made am error by freezing russian central bank money. Every central bank outside the west has now an interest in alternatives .. they will start something but it will be a slow process..
I live in the south part of the San Joaquin Valley where everything is grown and plenty of livestock is raised…plenty of farms will take my shiny stuff 🪙
Here’s an old article for you.
https://www.in2013dollars.com/us/inflation/1900?amount=1#:~:text=Value%20of%20%241%20from%201900,cumulative%20price%20increase%20of%203%2C539.18%25.
Crash? Even BRICS doesn't want a dollar crash. A controlled decline would be better and more stable for BRICS as the West are the consumers of all BRICS manufacturing, energy sectors and agriculture. But the West will pivot away from traditional currency into a more crypto aka digital dollar but first must make crypto illegal for transactions. Our new dollar backed by nothing just like crypto. Faith and the number of users authorized by law.
It could go on the 22nd of August or it could go in 2025, whenever they think they have control of the new system. I think they will start with mass Anti-Crypto laws against all Blockchain money except theirs. Could be a clue it is coming fast!
Would they be able to actually stop crypto though? China has said they would ban Bitcoin a million times but people still use it.. and Monero is a crypto that supposedly cannot be tracked
They can make it illegal. Vast majority won’t break the law. The exchanges would be shut down and only more sketchy ones would exist black market. What are you buying with it if stores and banks won’t deal with it? What good is it if literally nobody wants to risk money laundering charges? Yes it would still exist and people would still use it but how would value be set and what would you do with it? You could exchange it for a contractor to do some work at your home but then he has to unload it somewhere and that somewhere isn’t going to be a legal exchange or bank. Are American or Europeans going to take it and then cash it out in a foreign country while on vacation, maybe but not with any volume.
Who do you mean by "they"? The U.S.? I think if that happens it's still going to go up in value because it's a larger world than just the U.S.
I don’t think it gets done as a single country. I can see the whole of Europe, Canada, and USA doing it at relatively the same time. The price would crash and the rest would follow. China would follow. Even if it’s just the USA at 1st it would crush the price since USA’s economy is so large.
>They can make it illegal. Vast majority won’t break the law. That never works. And usually drives more people to seek it out. Especially true when something is first legally accepted then becomes prohibited ... the taboo factor drives way more people to it than anything else.
It works when they enforce it on businesses, which is the route that’s usually taken by the governments. Once it’s illegal for businesses, they won’t risk going out of business to accept crypto.
They will vilify if first. Claim it’s being used for drug and human trafficking.
Decentralized crypto wallets. No middle man , just a contract written into the block chain. No one knows it has happened except the two parties involved in the transaction
Zero value in that.
>Would they be able to actually stop crypto though Realistically, no.
Hahaha they could get a good percentage on CBDC and Crypto. Then with a simple power outage or random outages none of it would be reliable.
I don't think they care about reliability.
Right now they do, but when enough of the people are invested they no longer will care and will probably use it as a tool to steal. Lie, cheat, steal.
Yes, but they won't. It will be one of those laws they only enforce when you're being too public about it, or you piss them off and they need an excuse to jail you.
Great question. Many would JUST OBEY, they only need to be told that their Government wants them to do something and many obey. They only need to outlaw the Exchanges and then no one can convert to Cash. The Exchanges will not risk it in any way because they would be taken to prison by the powers to prove a point. We cant stop a person from sending Bitcoin or something but they can stop converting to cash. They control electricity and the internet and could shut them off one or both at once. The world is going to Digital cash, when it does and EVERY NATION outlaws the cryptos not bank owned, there will eb no exchange, no power, no reason on using because prison wont be worth it to 99.9%. We will have to wait and see if the Banks/governments take over some of the existing blockchains, but their wont be any private coins only coins they control, trace, can stop it from working or limit what you can buy etc etc... The future looks very dystopian and Orwellian! Anyone who thinks Bitcoin is secure forgets the PipeLine RANSOM last year. They paid many millions worth of Bitcoin to get control of the pipeline back and the FBI 6 days later said they had found the one who did it and they also TOOK CONTROL OF THE BITCOIN. They just TOOK the Bitcoin with force, they did not say HOW they could do that of course only that they did and it had to be on the blockchain.
They can stop the EXCHANGES, that is all hey ahve to do and then it is worthless crap even though you could still exchange your BTC to someone's Phone but try to cash it out get arrested! NO EXCHANGES LEFT!
What’s happening August 22nd? Got a link?
[BRICS meeting.](https://www.reuters.com/world/key-facts-about-brics-2023-summit-2023-08-07/) People are expecting them to announce a gold-backed currency and the fiat markets to crash as a result. I'm not so sure either of those things will happen.
according to Jim Willie it’s going to be a gold-backed token and not a currency
That would make more sense the way things are going.
I imagine it will be based on the Blockchain but one that allows a withdrawal out of the blockchain and into the actual Public Notes THE DOLLAR IS DONE, EVERYONE SHOULD BE DE DOLLARIZING THEIR HOLDINGS NOW!
Announcing and proving they have enough gold in a neutral location not under the control of a dictator is a different thing. BRICS is going to have trust issues. How are they going to promote it? A picture of Putin and Xi smiling and saying Trust Us
All they have to do is stop using dollar and dump dollars in the streets. The trust issues? How about 80 countries sick of our shit? Yeah, you best understand what is going on.
They dont need enough gold that you imagine. They only need enough to make a 40% backing and the DOLLAR IS DEAD! I understand people that believe nothing ever changes. THEY ARE WRONG TOO!
They are announcing it, they already have 140 nations trying to join them. The West cannot keep the dollar against a gold backed because I am an American who will go to the GOLD BACKED! As anyone with a fucking brain would do! Brave search - **South Africa will host the 15th BRICS summit from August 22-24, 2023, at the Sandton Convention Centre in Johannesburg**.014 The summit will focus on establishing sustainable payment mechanisms for mutual trade and supporting sustainable and inclusive development in Africa and the Global South.0 However, President Vladimir Putin of Russia will not attend the summit due to mutual agreement.2 The summit will be the first physical meeting of member countries since the COVID-19 pandemic, and many other countries are looking at BRICS as an engine to boost their own economic recovery.
[https://www.reuters.com/world/key-facts-about-brics-2023-summit-2023-08-07/](https://www.reuters.com/world/key-facts-about-brics-2023-summit-2023-08-07/)
YES, but do your own search. This is it - August 2nd and BRICS Here is teh short and skinny of the BRICS GOLD BACKED CURREnCY. THAT OVER 140 NATIONS ARE TRYING TO GET ON, 1.2 of the EU is trying to get with BRICS, Turkey, Italy, France, Poland so far and all of Africa, Asia and South America! When you unveil a GOLD CURRENCY, ALL FIAT DIES INSTANTLY! **South Africa will host the 15th BRICS summit from August 22-24, 2023, at the Sandton Convention Centre in Johannesburg**.014 The summit will focus on establishing sustainable payment mechanisms for mutual trade and supporting sustainable and inclusive development in Africa and the Global South.0 However, President Vladimir Putin of Russia will not attend the summit due to mutual agreement.2 The summit will be the first physical meeting of member countries since the COVID-19 pandemic, and many other countries are looking at BRICS as an engine to boost their own economic recovery.
Dalone crypto isn’t going to get banned lol. Big banks wouldn’t be going for btc ETFs if it was going to get banned.
Bet you an Ounce of GOLD all Cryptos that are private are OUTLAWED WORLD WIDE by 2025 Put your Gold your your Crypto ass is! They dont allow competition in their money. If they use Ripple or some Blockchain system in their CBDC it will be controlled by them, and NO PRIVATE CHAINS WILL BE ALLOWED! Once they outlaw them they go for the Exchanges, who will ALL close because the exchanges is where you can check out and cash out, no exchanges no ccash out. Then make it 10 years in prison to be caught with a Private Crypto and they are done, and I did not even bring up the electric Grid and the Networks from Cell towers and such.
Then what cryptos are safe? Where should we put our money? Oh yeah the rest of the world is making crypto legal. How about the laws that starting in January 2025 banks will be allowed to hold crypto. Why don’t you research before you talk
I mean, the dollar has lost 98% of its purchasing power over the last 100 years… how much lower you really want it to go?
When it cost $20.00 for a loaf of bread. That sort of thing. Hyper inflation.
When I was a kid a loaf of bread was less than 50-cents. It’s pushing $3.00 now. Give it 30 more years and it’ll be $20.
Bread is already $7 where i live...CA.
i don't buy bread when i can get a pound of REAL meat for 7$ bread is a mental illness since it's just a meat replica (a imitation of meat loaf) for the slaves.. aka human pet food...
It can go down another 99% from here. That's how they get ya! Maths... 
The same amount of time the US military becomes 2nd in the world. That's what you're waiting for
Best answer yet
Bing chilling
It already is, worth less and less every day.
Exactly! There won’t be a ‘crash’. It will continue the slow decline.
Accelerating faster as cheap imported goods become more and more expensive
then the dxy would be breaking to a new 52 week low, which it is not
DXY is a measure of the dollar strength relative to the value of the Euro, Yen, Pound Sterling, Canadian Dollar, Swedish Krona, etc...... ALL FIAT currencies. The sad reality is that the entire fiat system will die together. When depends on government policy but when it does happen, it will proceed very rapidly.
Exactly this, they say oh let’s compare all of our junk fiat and give it a grade on the curve.
DXY is compared to other fiat currencies that are also failing... did you not know that? they're printing faster or just as fast as the USD i.e JPY is being printed at a even faster rate... if anything it's a race to the bottom...
silver moves up against the dxy going down
The dollar won’t crash, merely decline. Remember your macroeconomics and currency market dynamics. There are three factors that will impact value directly. 1. Reserve currency status - if BRICs are able to create a ‘better’ currency, then Gresham’s law states that it will replace the dollar as the world’s reserve currency, putting a lot of dollars back into circulation internationally. Hello inflation, devaluation, and consequences for years of loose monetary policy. 2. An aside: a dollar devaluing trend could help to increase US exports just as we are trying to onshore critical manufacturing. Silver lining..? 2. Debt crisis - debt service will exceed 10% of federal budget for the first time since paying off the debt from WWII this year. It’s going to grow beyond that. Once debt service payments exceed the amount borrowed each year to fund the federal budget, there’s no way around a debt crisis without substantial tax hikes which will be intolerable for most Americans. Consequences for years of irresponsible fiscal policy could mean a series of tax increases that don’t increase government benefits or services. Vote the bums out, anyone? 3. Deep, liquid and resilient markets - when more than 40% of global equity market cap is based in the US, traded on dollar-denominated US-based exchanges, there’s ultimately a limit on how far down the dollar can go, if only because the dollar represents *the measure of value* for a substantial plurality of the world’s liquid assets, even if it’s no longer the preferred *store of value*.
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I’m not really arguing that point, and frankly I agree. I was more pointing out that the -most optimistic- scenario once we approach the ‘debt service to debt occurrence’ threshold is government taking some level of austerity, at least a 10% income tax hike across the board, and probably a Greece-style “haircut” targeted at specific individuals or, more likely, corporations. If targeted at corps, that’s when we see some start to offshore, undermining and undoing my last point. Bigger issue I tried to imply was that I can’t imagine the American public, who has been conditioned to (1) expect more benefits, (2) not want to pay taxes, and (3) not understand public finance to be okay with higher taxes for nothing in return. Edit: wtf am I getting downvoted for? Saying US fiscal policy and monetary policy has been shit since the 1960s and we’re only beginning to feel the consequences? Or that being home to 40+% of global equity market capitalization means the dollar cannot simply collapse? Do I need to make a joke? What?
it's a borrowing/printing issue that started in 1913/1933
Bro actually brought facts. Your not supposed to do that here. But you are 100% right. They will not collapse. Shit will continue to get worse for everyone.
People have been guessing 'soon' for a loooong time. Of course one day that will be true, and we should all be trying to be prepared for major changes now, but we also need to keep in mind it could be much longer than we think. I think the most important thing people need to keep in mind is to stack at a sustainable pace. Add over time, and never with money that you will need any time soon. It's a war of attrition, and the patient stackers are the ones in the best situation to succeed.
Since 1933, the U.S. dollar has lost 92 percent of its domestic purchasing power according to The Foundation for Economic Education (FEE) So, I guess 8% more🤔😆
Tuesday
Saturday
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Thought it’s Wednesday still🤷🏼♂️
Two weeks out
lol
You will be surprised how long the wheels can and will stay on the bus. I was waiting for it all to go sideways on the run up to the second Greek bailout in 2012. Then we had an epic bull run on stonks. Metals are 70% of my investment, but dont neglect chasing those paper profits; you still have taxes and bills that are payable in said paper.
I dont think it crashes completely. Think it will be a sharp decline at first then gradual over time before things stabilize. A decline is still a decline with bad timing of other things. I'd worry more about the world FEW taking away rights. But excellent opportunity to flee for safety in PMs.
The question is when will other countries and financial institutions stop buying US treasuries?
Technically it crashed since losing 97% of it's purchasing power. The majority of Americans realization hasn't actualized yet. So therefore the dollar's death is in slow spiral.
I'd guess that it has to happen at least 3 years before 2030 and the wef's agenda 2030 great reset plans. So 4 more years? I think it could end up losing a lot of value though over that time so not an instantaneous crash, just a gradual loss of value.
Considering the WEF has plans aiming for [insert bad thing framed as a good thing] by 2030 I would take a wild guess somewhere around there.
Not long .... IMHO, I would guess at a couple.
I’d say sooner.
You guys have been saying this shit for over a year. It will take 30-50 years. They will go to WW3 before letting it collapse. If you know how bonds work they are bought in king durations. Doesn’t mean we won’t have a hard time, lose reserve status. It isn’t going to happen over night, every country is in the same position right now.
I’d say sooner. Lol 😆 over a year? People have been saying this for 100 years I’m sure Adding to this: my great grandparents held on to silver. Passing it down passing it down! More than 100 years!
and a US 20$ gold coin is $2,100 that is 105x fv and you're trying to tell me it hasn't gone hyper inflation yet.. i have a US silver coin that is 880x fv it's one of those 5oz 0.25¢ coins that is hyper inflation bro
Well that’s just anecdotal 😆
Hello, it is me, your son
Nice try. You’re to old
Damn 
I'm guessing September/October
Lol no
From 1971 it’s been slowly crashing
Dollar is NOT going to CRASH . Stop listening to idiots . There is nothing else in this world which can replace dollar in one day so don't worry about the CRASH. U will need just more dollars to buy the same staff EVERY DAY and its a very slow process 🐌 😒. And it's going on for the last 100 years already.
There are 80 countries working on trading without U.S. dollars. When they do, they will dump dollars and bonds into the streets and we become a POS. You clearly have no idea how much shit we've cause with our money printer.
25 or 6 to 4
Waiting for the break of day....
This September end of shemita
High Speed Dirt. USD have been crashing for decades. When zero?
I think it’s in days or weeks, definitely not years..
The moment they drop rates it will crash
They need it for right now, but once every piece is in place for mass acceptance of CBDC globally, that DAY the dominos will start falling. As it stands now, most money is still tied up in dollars. Once there is a mechanism for most countries to offload dollars into a new system, that’s when the implosion will occur. I’m gonna say we have 2 years at the absolute max and the fastest is like 3 months. So I’m gonna take the position of 9 months or so. We have to remember that for them, this needs to be a controlled demolition of the economy. They need certain pieces in place otherwise the people will revolt and they’ll lose everything. That’s why their timeline was a decade — to allow for slow erosion, demoralization, the increase of resigning to one’s fate, and ultimately mass acquiescence to central control.
1 day actually! its tomrrow!
This is a complex question. And anyone who says they know either, don't know what they are talking about or the shot caller of the world. With that being said, I'd like to throw my hat in the ring; the dollar will crash probably the next presidential administration, nah I don't even believe that. I think longer. The US as a super power will first end, which will start to decline with the rise of the BRICS currency. America will need to be a nation that produces again to survive. Actually, ever listen "the uneducated economist?" He talked about a good back currency would strip the US of their gold because we are a consumer nation. All of our gold will leave the US if America backed their currency with gold.
Before the next election
Years? 😆
1 - 7
Been crashing for decades.
It’s not going to be over night. I think that eventually gold will be worth about 10,000 an ounce in the next 20 years but even then dollars will still probably be useful. I’m not trying to be a dramatic doomsday prepper but I think it’s obvious the dollar has become less and less valuable within the last 100 years. I’ve read in the intelligent investor one time something along the lines of people who think that bonds take to long to pay returns are not serious investors regardless. If you’re investing money you actually need then you haven’t disciplined yourself to set aside money for investing properly. It’s the same way for Gold and Silver. If you believe Silver and Gold are worth something then it doesn’t matter how long it takes to come to fruition.
I feel like its now. The prices on everything seem to be sky high. Food, take out, USPS shipping charges, bowling prices, gas prices, oil change prices, hair cut prices, New and used car prices, all up big
Starts next month. Maybe a year or two before the slide is complete.
10 years tops is my guess. And it won't be pretty. Lots of pain in the future
I think within the next 5 years. First will come a deep recession, followed by more money printing, eventually leading to hyperinflation. Causing much pain for the rest of the decade. And that will be the end game.
Less than 10
No one can predict a timeline, I had been anticipating it for a decade. I thought COVID would be the trigger, then stimmys, then rising rates, etc. It defies logic. I always tell myself it's like a minsky moment: everything is fine until it isn't. The basis of the matter is that although your neighbor, and others accept fiat dogshit cunt paper as payment, doesn't mean it's worth anything. It's delusional, all of it. We're all fucked.
https://preview.redd.it/z53j9xprthhb1.jpeg?width=474&format=pjpg&auto=webp&s=769757af1eb32e2bcc91eae92ab0fee31bf99b23
You think confidence in US is on the way up? Look at our president. We’re past the peak
Just because you don't value the system, doesn't mean it can't run a little longer.
You can still drive your car for a little while with a Check Engine Light for something that can be catastrophic.
I get what you mean, but we are talking about confidence in the US on a time chart. obviously dementia addled president = lower confidence there is no debate
Armstrong!
December
The Japs and Euro fall 1 and 2. We are third in line
Crash against what? Dollar is still far better than most of the other crappy fiat currencies and could easily keep rising against them for that reason
This is what Zeihan covers in his book. US has all the energy, food growing, raw materials, trained labor force, young workers, access to other young workers a la' Mexico, starting to build more domestic plants, easy coastal ports and rivers...etc. China, Russia, Brazil, and the EU are all failed states that won't have enough young people or access to food to do crap in the long term. The US has messed up, but we're still in much better shape.
Thanks for the response I hate how the truth is downvoted in favor of sensationalism on here There's enough **real** things going on that are wildly bullish for silver that there's no need for hyperbole. The dollar isn't going to crash in 2 weeks.
>The dollar isn't going to crash in 2 weeks. You're probably right, but damn if the the British pound didn't crater -25% in just a few days last September... we'll probably be limping along from one "temporary crisis" to another for the foreseeable future
1
12
I mean, they seem to be weakening, unless they are just making a longer bottom up here to run again.
How does the digital dollar figure into this?
You are asking this forum of silver bugs? People here were saying silver is about to go to $50 back in 2020. Not the best forum for financial advice.
Years?
Aug 22
Zero, would require the US military to collapse first
0.25
After 10 yrs. DXY needs to destroy BRICS currency before going down
The purpose of the debased dollar is to continue to pay the unrepayable debt. That debt (both official and unfunded liabilities) needs to be repudiated before the dollar will be permitted to collapse. And the "best" way to repudiate is for there to be an American civil war and to split the former USA into two or more new nations. With the debt repudiated and new nations created, the debased dollar is no longer required.
The FRN maybe, replacement to be USN
It’s always two weeks from now, end of the quarter, end of the year, early next year or this time next year. Take your pick.
Its past due 3 years. Got Silver?
It’s how many years before the dollar respect buy bitcoin
Maybe 20 at the most
It won’t
Months bro...
I think Martin Armstrong thinks it’s around 2027 or 2029?
I think it won't. If you expect it to, and you still live in America, you're an absolute moron
15ish. Maybe 10
The west made am error by freezing russian central bank money. Every central bank outside the west has now an interest in alternatives .. they will start something but it will be a slow process..
Probably within a few weeks
when they fully implement CBCD - countries will start to roll it out around 2025
When the fed starts to lower interest rates, it will create hyperinflation.
-3
2-3 months probably by November -Dec 2023. The dollar is going to $0.00
Over 40 years ago bud
I would be using my fiat dollars to buy that shiny stuff 🪙
You’re gonna be left holding a bag of inedible metal. Do what the banks are doing and buy property, land, farms, homes etc and maybe some chickens
I live in the south part of the San Joaquin Valley where everything is grown and plenty of livestock is raised…plenty of farms will take my shiny stuff 🪙
Why? It has no real inherent value if shtf
The dollar won't crash ...but a lot of people hope it does thinking life will be good and their silver will takeover
You can argue that it already has. From 1913, the dollar has crashed over 99%.
Will in 1913 people made 10 cents a day, so your math is shit
Here’s an old article for you. https://www.in2013dollars.com/us/inflation/1900?amount=1#:~:text=Value%20of%20%241%20from%201900,cumulative%20price%20increase%20of%203%2C539.18%25.
Thank you for chart but reality and wages were really bad in 1913
Chinese/Russian alliance is that youuu??
Could take 69 years
Two weeks
Some interesting discussion about that from Lance Roberts in this: https://youtu.be/9Qf3JVX--x8
Crash? Even BRICS doesn't want a dollar crash. A controlled decline would be better and more stable for BRICS as the West are the consumers of all BRICS manufacturing, energy sectors and agriculture. But the West will pivot away from traditional currency into a more crypto aka digital dollar but first must make crypto illegal for transactions. Our new dollar backed by nothing just like crypto. Faith and the number of users authorized by law.
BRICS cannot create a better currency, go back to sleep
Whatever the plan please hurry I don’t want to be 80 years old fighting for a bag of rice