Could the US dollar ever become completely worthless someday?

Question

Chazmatazz269 · Accepted Answer

It kind of already is. Fiat currency is a lot like art, it’s only worth what someone is willing to give you for it. If any two major economies stop backing the US dollar and call in their debts, the US economy completely collapses. That could literally happen at any given time. That’s actually the primary reason that the US makes so many foolish moves in foreign relations. It’s a lot like owing money to a loan shark. You either pay your debt or the shark can send you on “errands”. We have to keep economic alliances strong unless and until we can fortify our domestic economy. This is one thing Drumpf has been investing a lot of time, energy and money into doing that no other president in the last half century has done. We could prevent economic collapse, but the idiot democrats are fighting him at every turn. Not to mention the capitalist pigs who are making money hand over fist by abusing cheap labor and materials generated by the “global economy”, and literally betting against the success of the USA.
Imagine literally trying to destroy your own country for profit or because you don’t like the sitting president.
The recent concerns over Japan’s currency really should have been a wake up call. Unfortunately most US citizens are too ignorant to understand how close we are to collapse, or too hateful of the president to care.

OneViewpoint · Accepted Answer

Your choices don't leave much room for reality. Sure, the USD could be wiped out. Theoretically. Under those scenarios the entire planet is fucked and you have bigger problems. Relax, it won't happen in your lifetime.

FreyaRed · Accepted Answer

Buy real estate. Farm land is best option, you can rent it and its price rises with inflation. With less capital are precious metals probably an alternate option. Definitely better than keeping paper money of any kind. Shares are high risk option. There are so many bubbles like AI currently it's difficult to predict anything.

Paige2006 · Accepted Answer

Not in my lifetime

OlderAndWiser · Answer

Is it POSSIBLE? Only a fool would deny the possibility. Is it LIKELY? Probably not within my lifetime.

ohsheeT · Answer

It's on its way out and if trump gets his way the US will have its own currency and will be ran through the USA FEDERAL RESERVE it will be mandatory that we put our money in their Bank

You can see what they have been doing to all the farms either China is buying them or our government is buying them shutting them down

What the easiest way to control people

No food and we put all of our money in to the govermnts banking system

All stores are going digital so you go to a grocery store to pay for your food and you get up to the counter to pay and they say sorry but your card would not go through

So now you have no access to your money or food

And the food that you do get has become like McDonald's it's all fake and made with chemicals or if you want to buy some meat you have to buy a 3D printed lab made steak

No other country is like this American people need to wake their fucking ass up

lightbulb27 · Answer

Yea but look at the other worlds currencies of the past… still exist or were transformed. What happens is a change in living standards and global influence.

under trump alone its lost a lot of power but if you weee savvy you got more of them so doung ok.

Historygal · Answer

Don’t think it will fall the us is a big country in the world and has much stakes in the rest of the world and still lots of other countries have trade and investment in the us. I don’t think the orange man will ruin everything

BadApple69 · Answer

The U. S. dollar will always have something to back it. We came off the gold standard decades ago but the U. S. still has Fort Knox filled with gold plus the U. S. has a large GDP.
It’ll never be worthless and if it did happen then the rest of the world is in trouble too

BonzoInBitburg · Answer

As long as the US has the world's largest economy, other countries will continue to devalue their own currency to trade with the US. When the US is no longer the largest economy, or if they stop trading with the rest of the world, there will no longer be any incentive for other countries to prop up the US dollar anymore.

SixFootSexy · Answer

ALL fiat currency is based on paper promises, nukes and aircraft carriers. As soon as the belief in the threat of violence ceases, so will the value/promise of the paper.

MrChinaski · Answer

No. But it has been overvalued for a century as the world's reserve currency. That role is fading as the US dominance of the world economy declines and people are tired of buying debt from a government that can't balance its budget.

So, no, not worthless. A fall in value of 10 to 20% over a decade or two is plausible.

MrOracle · Answer

Given that it's the world's reserve currency and the currency mandated for international sales of oil and gas, it's pretty unlikely, as it would mean the entire global trade system would have failed.

There could certainly be a serious devaluation, but completely worthless? Very unlikely.

Lliam · Answer

You never know. Inflation could go crazy like during the Great Depression. I think the powers that be are afraid of national debt and inflation, and that's why they are pushing for a digital currency.

NoDecision · Answer

Considering that the US Dollar is no longer backed by gold, it certainly could be worthless someday in the future. What I want to know, is there really still gold in Fort Knox?

NathanDavis · Answer

it's a possibility technically... it's already worthless by itself it's only held up by the USA interventionism policies... lol

RachyRach · Answer

Not completely useless. But weaker for sure

NewtoTheSouth · Answer

I think the US dollar will last roughly the same time as the Euro. If you want to take a catastrophic perspective, you could argue that Europe is on the verge of being overrun by Muslins [insert stats here about Muslim growth rate in Europe], then argue that that threatens the very existence of the Euro.

Dargil · Answer

Never worthless but $100 in 1925, was worth In terms of pure purchasing power, is worth $1,800 last year. What would be worth in 2125?

ChiTown33 · Answer

Something will have to replace it as the worlds reserve currency first. But, of course it can be replaced. Anything can.

jshm2 · Answer

Currency becomes worthless when its empire dies. The US is close to dying.

exitseven · Answer

The dollar is the standard currency. It;s not going anywhere soon.

Twalli · Answer

It could, I don't think it will. We've had it for over a century, and while the value has decreased, it's still seen as valuable.

mrkdvsn · Answer

I think it will be the same as worthless if cash is declared unlawful to use to make purchases or sales... where only digital means are allowed

CubaPirate · Answer

I doubt that very much. Its already nearly a global currency

Eiram5 · Answer

Someone gonna bankrupt the country. Like he’s bankrupt he’s business.

Snakeyes7 · Answer

I wish it wouldn't but we have been electing economically illiterate retards since the founding of the Federal Reserve.

strateguy632 · Answer

Yes if democrats print lots to give out.

jamesgoldman · Answer

Fiat currencies always fail eventually

browsingthroughthe · Answer

I guess the world is always a mystery to me 🤲🏻😊

AviatorTom · Answer

@olderandwiser says it best

Talhacikk · Answer

Usa will completely disappear at long term. Like after 738493729483738 years

tatbrat · Answer

Every civilization collapses

Massageman · Answer

No, not "completely".

TonyMetal___1986 · Answer

No one knows...

canamlusciouslad73 · Answer

In about ten years.

RedInnocent69 · Answer

it absolutely could

Pohjolan · Answer

It could but hardly during our lifetime.

ThisSiteSux · Answer

The US dollar is beyond worthless now.

dougeats · Answer

Perhaps but probably not

msc545 · Answer

Possibly.

i_am_back · Answer

Work in progress

wkhan_87 · Answer

I think yes

Could the US dollar ever become completely worthless someday?

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