/biz/ - Business & Finance

>>54005550
>nah, the dollars biggest strength is its liquidty
>in a financial crisis, people flock to the dollar, KNOWING the fed is going to print the shit out of it, because that means they're flocking to the one asset with liquidity
>if the fed didn't print, the dollar would be worthless
They are flocking because all other currencies around the world are linked to the US dollar meaning it will be the last fiat currency to implode. But then it comes to the point where no one has anywhere else to go other than commodities. That is game over for the US dollar. Besides, governments around the world are already in the process of dumping fiat currencies for CBDC when they get it up and running. People who leave their wealth in fiat currencies will be left holding a bag of worthless numbers.

>>53093599
>So collapse, standard of living is plummeting, half of the economy is fake, hyperinflation. Where is this happening. I'm not seeing this in Europe and in the states inflation for example is like 10%.

Pensions in the UK nearly collapsed, banks are yet again getting another bail out by the BoE, Credit Suisse nearly going under getting a bail out. Laws brought in across the G20 in 2014 saying that banks now have to do bank bail-ins which effectively makes all banks stocks that people put their money in. Food scarcity is now going to be a problem in 2023 especially in places like Egypt where they are pretty much dependent on Ukraine crops, some African countries are nearly wholly dependent on Ukraine for food. Energy bills are set to double this April meaning more people are going to be spending their money on essentials causing a slowdown in consumer goods made even worse when western banks continue to do quantitative easing. It's in a death spiral, and all it takes for the whole thing to collapse is a competing global economy outside of the US dollar and a crack up boom where everyone drops their fiat money for commodities.

>Muh gold
Is only one aspect of it. Personally I think the whole fiat system and central banking need to be outlawed, it's nothing but a mafia.

>>51722279
>Debt slavery explained
That's a based post you saved.