So, let's make a new general to document the decline in the world's most shitty stable coin - the US Dollar.
But it isn't a real dollar. A US Dollar is defined as 371.25 grains of pure silver as per the Coinage Act of 1792.
So, we use the US Federal Reserve Note
But the Federal Reserve isn't federal and writes checks with no reserves in the bank, so it's committing fraud.
So, we use the US Fraudulent Reserve Note.
When does the world finally say enough?
>inb4 hurr durr dah pozzed military will back it up
Faggot the military is full of gayfers and trannies. What are they gonna do when the gibs are worthless? Literally 3/4 of them are only in it for the free gibs.
Also, fuck jannies.
US Dollar Collapse General /USDCG/
Nathaniel Reed
Brody Parker
If Zig Forums lets this thread die I will eat my hat
Lucas Ross
have a pity bump
Joseph Wood
Non pity bump
Nolan Carter
meanwhile Bella Thorne collects millions and millions of dollars by posting sfw selfies
Aaron Johnson
The US dollar is shit but guess what, so is every other fiat currency out there. There's a huge liquidity squeeze around the world right now and the demand for USD is through the roof, you're delusional if you think it's going anywhere in the next couple of years.
In fact, as things are looking right now, they could dump over 10 trillion dollars on the market tonight and the market would still gobble it up
Liam Perez
>10 trillion dollars
kek you're retarded. fred.stlouisfed.org
digital dollar incoming
Michael Lee
dollar wont collapse
Anthony Nguyen
cope
Levi Kelly
All fiat currencies will collapse against gold, just as they did in the 70s and 80s. Anybody who isn't going all in on silver and gold right now is a fool. Also mining stocks. I recommend Impact Silver.
Chase Wilson
Can anyone explain to a zoomer why the DXY crashed so hard in 2002?
Matthew Smith
Will mean nothing if she does not buy gold or BTC before she hits The Wall.
Dominic Gray
Why are the brainlets on this fucking board bumping shitty P&D crypto shill threads instead of discussing shit here? /pmg/ is the only sane thread left on this god-forsaken board.
Ryder Diaz
>Believing onlyfans fud
Logan Sanders
something tells me this time will be different
Christian Price
Fed will defend the dollar, and it's the least bad currency because there's still a lot of dollar denominated debt that creates demand. Plus there's nothing in the world that can do what the dollar currently does in trade. Long term it's in deep shit, but for now, I think the fed can keep the game going for a little longer.
Cameron Perez
Get some Goldbacks! Goldback.com check em' out. Any opinions on the UPMA?
Ian Reyes
Housing bubble?
Dominic Nelson
9/11
Michael Allen
Exactly this. Once people start to go bankrupt and they start forgiving loans, we'll actually see deflation
Jaxson Cox
This is mostly in /pmg/. /smg/ usually seems preoccupied with shitcoins and horsey.
Christopher Sanchez
>Once people start to go bankrupt and they start forgiving loans, we'll actually see deflation
This is wrong. Debt forgiveness will be inflationary. The existing debt acts as a sponge for cash. The asset to the bank, more likely the fed balance sheet, will also disappear and likely free them up to expand more under the guise of "stability".
Robert Sanchez
The dollar will die next summer
fnlondon.com
Jonathan Allen
I bought some of those, they are awesome. The future is bright and shiney
Nathaniel Davis
Zig Forums has always been about crypto. and i don’t even own crypto, i just like the memes and occasionally there are good threads on here
Justin Myers
What will life in America be like when the dollar crashes?
Jackson Wood
This and The War on Terror starting
Parker Lewis
>crypto
Bitcoin's white paper states that it's a reactionary project against the federal reserves socialization of corporate losses. The whole fucking board should be able to discuss dollar collapse.
Adrian Phillips
So the dollar currently maintains its value because there is a demand for it in the international economy. Its highly fungible, easily accessible, and relatively stable.
What is a better alternative to the USD? The closest thing would be the digital Yuan, well..because its digital. The Yuan itself is weak, volatile, and many of Chinas own elite don't want it. Not to mention China isn't very trustworthy on the world stage.
So the digital Dollar, if and when that's created, would solidify the USD as the world-reserve currency moreover for the foreseeable future.
Unless BTC somehow scales, drops in transaction fees, and the geopolitics behind money make a seismic shift (highly highly unlikely)
Leo Anderson
The only thing that keeps the Dollar valuable is people thinking it's valuable. As soon as people don't see it as valuable, it's over. That simple really.
Jeremiah Roberts
Gold and silver buddy.
Cooper Clark
This is true but an oversimplification. I would revise this to say: As long as other countries and international megacorporations think the USD has value, then the USD has value
Daniel Nguyen
i agree but he’s asking why people only bump PnD threads. it’s the origin of this board, made for the sole purpose of containing crypto PnD threads that were flooding /g/
Christian Torres
the dollar will never collapse, and my comfortable american life will never go away
Easton Rogers
That flew past me, got it -
Daniel Ross
Yes but Gold/Silver as its exchanged now is extremely inefficient in today's globalized economy.
The best method for transitioning to a Gold OR Silver (i dont believe Bimedallism has ever worked due to Gresham's law) would be to have an NGO owned holding facility with 1:1 backing of gold/silver tokens verified via blockchain.
Then you can create highly fungible gold/silver-backed stable digital currencies.
However this much concentrated wealth (the world's wealth essentially) could cause rampant corruption and you know the fucking Rothschild's, Cooks or Morgans 2.0 will come in and fuck it all up again with pyramiding (aka fractional reserve banking)
Brody Adams
This is a real post which a crypto person made when I was arguing with him about gold. I'm not joking.
Joseph Gomez
Also where would the reserves for this even come from? Youd have to take over the world and convince every country to give you their gold and give up their sovereign monetary systems
Seems like something the antichrist might be about
Ethan Sullivan
Luis Bailey
Yes that's more of what I mean, thanks.
Lincoln Nelson
>What is a better alternative to the USD?
Reserve RSV (Backed by Peter Thiel of Paypal)
Liam Morris
All thanks to kikes and the FED which gets more power for the crashes they admit they caused.