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SimulationCommander's avatar

I have zero faith in any of the money printers not to completely print the dollar into oblivion. Countries get tired of holding devaluing dollars the same way that Americans do.

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Noodles123's avatar

I 100% agree with you on point #2...However, for point #1 I'm not on board.

I'm American, but travel and now live in Yucatan Mexico.

I can tell you that Europe has ZERO faith in us and I was just in several Nordic countries last month and they are not Pro-US...AT ALL...They're waiting for us to sink.

In Mexico, I have seen my currency exchange drop almost 16% in less than a year.

I used to get about 19.8 pesos per dollar and now only get between 16.2-16.8 pesos.

That's a loss of about $150 dollars per $1000 difference and it's speeding down.

No one with any intelligence wants the Dollar and they are looking at other currencies such as the Russian Ruble, which people never mention, but is the hottest currency going on 2 years.

They have almost zero inflation and their currency went from I believe 126.5 rubles to the dollar to 90.1...That's a rise of 40.1%.

Our garbage script is worthless, as the federal reserve keeps our valuable T-Bills and gives us paper or electronic credit for which they have no collateral.

90%+ of dollars don't exist...It's just blips on a screen.

Might want to see who is manipulating the currency and charging us interest for absolutely nothing...I'll call them "The Bagel Boyz."

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