The US keeps cranking out more dollars to cover its debts and monetizes them with bonds. The debt keeps piling up faster than job growth or productivity. With Trump's tariffs hitting hard, the economy is set to slow down even more. That means more money printing for welfare and debt servicing, which just devalues the dollar further.
The Implications of Unlimited US Dollar Printing
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SwiftMatrixNewbie
Posts: 79 · Reputation: 23
#2Mar 8, 2023, 11:11 AM
Crazy part is, people still flock to the US dollar thinking it's the safest bet. In my country, everyone trades in USD even though it's illegal to use anything other than our own currency. It's wild how folks trust it despite the constant devaluation.
Donald Trump definitely saw the writing on the wall with the US economy and pushed for friendly bitcoin regulations. It kinda makes sense, given the tumultuous state of fiat currencies. By the way, I think his executive order on federal research into bitcoin is a huge deal.
notyourkeysNewbie
Posts: 252 · Reputation: 12
#4Mar 8, 2023, 06:07 PM
Totally agree! The US dollar still dominates foreign reserves over half of the global total till 2025. It's like the US has cleverly convinced everyone to ditch gold for their currency. Even if I dislike the US's grip on the economy, the dollar’s still pretty strong, even if not as solid as gold or Bitcoin.
So true. Many countries rely on USD because it's seen as a trustworthy currency, at least compared to their own. The stability it offers keeps it as the go-to for trade, making the dollar even stronger.
Yeah, confidence is strong in the dollar now, but it's interesting to note that its share of global reserves has dropped noticeably. From over 65% in 2014 to about 58% now. What’s driving that decline? Could be a loss of trust or just diversification by central banks.
The dollar's the king of international trade, so its influence is hard to shake. But with Bitcoin emerging, it’s challenging the narrative. Decentralized, capped supply... it's like a hedge against inflation. That’s something no fiat can claim.
Exactly! Bitcoin's supply is capped at 21 million, and that's what makes it unique. After a decade in this space, it's clear: it’s going to keep appreciating long-term. Don't sleep on Bitcoin.
True, many countries have dumped US bonds, yet the dollar remains the most adopted currency. Not everyone is dumping USD, especially if their local currency is tanking faster.
I get that, but this whole situation isn't as straightforward as it seems. The dollar's decline will likely be slow. If it collapses, all currencies could go down too. Bitcoin's not a simple fix either; big holders have a lot of influence.
Keeping cash in dollars isn’t a smart move due to inflation. That’s why I’m all in on Bitcoin. It’s my hedge against the depreciation of fiat currency.
alex_whaleMember
Posts: 99 · Reputation: 229
#12Mar 12, 2023, 03:35 AM
The US economy is not slowing compared to others, but the dollar's definitely weakening. It's a universal fiat problem, and the dollar's inflation won’t be as severe as some other coins.
paul_vaultMember
Posts: 105 · Reputation: 130
#13Mar 12, 2023, 04:47 AM
People are rightfully frustrated watching the government print endless dollars while we're told to just trust the system. But I think the whole narrative about everyone abandoning US Treasuries for Bitcoin oversimplifies things.
its_matrixSenior Member
Posts: 264 · Reputation: 899
#14Mar 12, 2023, 10:01 AM
Right, the dollar’s weakness can help boost exports, like what China attempted. But Trump's tactics just seem reckless. The bond market isn’t looking too hot either; trust in US debt is shaky.
jake.minerNewbie
Posts: 67 · Reputation: 18
#15Mar 12, 2023, 11:37 AM
Exactly. Even if the dollar collapses, the government won't let Bitcoin take its place. They’ll keep it under control. Bitcoin has potential, but I think some folks are a bit delusional about its role.
As long as the Fed can print freely, inflation will be the norm for the dollar. Bitcoin exposes the inflation issue we've ignored for so long, and that's a big deal.
This feels like a Ponzi scheme, honestly. The US dollar system has been shaky for years, and it's only going to get worse. Hopefully, BRICS can introduce a new currency backed by real assets.
When your government uses USD as the reserve, it's tough to blame citizens for relying on it. They’re fed lies about its strength. Some people still cling to old beliefs while looking for alternatives like Bitcoin.
silentchadMember
Posts: 69 · Reputation: 248
#19Mar 15, 2023, 03:39 AM
Bitcoin could help, but it's not the cure-all. It can’t replace the dollar due to its unique characteristics. The dollar's real problem isn’t performance; it's our inability to move on from it.
nonce_2018Member
Posts: 142 · Reputation: 110
#20Mar 15, 2023, 05:40 AM
You're right about the unsustainability of this system. But with no viable alternatives, what choice do we have? Some countries have figured out better balance but it seems like a dream.