Table of Contents
Is the monetary system going to collapse?
The collapse of the dollar remains highly unlikely. Of the preconditions necessary to force a collapse, only the prospect of higher inflation appears reasonable. Foreign exporters such as China and Japan do not want a dollar collapse because the United States is too important a customer.
Is the US dollar going down 2021?
Bank forecasts for the US Dollar in 2021 The US dollar (USD) is volatile. Bank experts predict this will continue to be the case in 2021. Bank experts believe that ongoing uncertainty from the coronavirus pandemic, a tumbling US economy and an increase in USD money supply will keep the USD weaker than other currencies.
When did the monetary system collapse?
And even in the last 100 years, the system has not been entirely stable. As Rickards notes, “[t]he international monetary system has collapsed three times in the past century — in 1914, 1939 and 1971.”
Is the US monetary system on the verge of collapse?
Lost in all the noise, however, is any recognition that the US monetary system – and by extension, that of much of the developed world – may very well be on the verge of collapse.
Will the world let the dollar collapse?
Foreign exporters such as China and Japan do not want a dollar collapse because the United States is too important a customer. And even if the United States had to renegotiate or default on some debt obligations, there is little evidence that the world would let the dollar collapse and risk possible contagion.
What would happen if an economic collapse occurs?
If an economic collapse occurs, it would happen quickly. No one would predict it. The surprise factor is, itself, one of the causes of a collapse. The signs of imminent failure are difficult for most people to see.
Is the mountain of debt heaped up since 1971 collapsing?
Unfortunately, like virtually all of the power elite, both miss the point that the mountain of debt that has been heaped up since 1971 is fast reaching the point of collapsing like a too-big tailings pile and taking the monetary system down with it.