Yahoo Answers is shutting down on May 4th, 2021 (Eastern Time) and beginning April 20th, 2021 (Eastern Time) the Yahoo Answers website will be in read-only mode. There will be no changes to other Yahoo properties or services, or your Yahoo account. You can find more information about the Yahoo Answers shutdown and how to download your data on this help page.

ak asked in Social ScienceEconomics · 9 years ago

When is the dollar collapse expected?

My grandfather has been trying to prepare me for the collapse of the dollar for several years now. It wasnt until recent that it really sunk in that it will actually happen and soon. My question is. How much more time do we have to prepare for the collapse of the dollar? When do you guys think it will happen?

6 Answers

Relevance
  • 9 years ago
    Favorite Answer

    Well you just need to answer this question -- under what circumstance will your local grocery store, your local Wal Mart, your phone company, your local restaurant, and the IRS all decide they will no longer accept US dollars? What will they demand instead? Pesos? Vietnamese Dong? Barter? Gold nuggets? Will any of those things fit in the cash register? How to you do your accounting books when every entry to date has been in US dollars, and suddenly you decide you won't use dollars anymore?

    Seems pretty unlikely to me, but if you can answer that question to your satisfaction, you might be able to figure out the "when".

  • Anonymous
    9 years ago

    Nobody really know because our monetary system has no backup associated with it (like gold o silver) so, theoretically, as long as we believe a 20 dollar bill equals 20 dollars we would be good. The problem is the are places with stronger economies than us ,such as countries using the Euro, that is causing our money to depreciate. Through all this though I believe the US dollar will fail when China wants us to repay our debts to them (just look at Germany in world war 2).

  • It isn't expected to collapse.

    Proof? Look how low bond yields are, even on 30 year bonds.

  • ?
    Lv 7
    9 years ago

    The movement is cyclic so statisticians would have prediction of next downturn . But collapse has never been there ...so, like the statistical prediction " sun will rise tomorrow morning"... it will never collapse.

  • How do you think about the answers? You can sign in to vote the answer.
  • 7 years ago

    The Dollar is as worthless as the Fed itself. We have been ripped off by these som bitchs for ohh 200plus years. They are crooks, need to be arrested and charged with counterfeiting, extortion, murder, larceny well that will get the ball rolling. But our congress is full of half drunk all the time sissy mommas boys who don't want to be shot like, Lincoln, Kennedy, all the other worthless presidents who tried to give the money back to the citizens and backed by silver or gold. Screw the irs they are a collection agency for the fed. don't believe it look it up. One of the most important functions of our cowards congress is that they are to, by law, by law, audit and regulate the FED, they never have and never will, because they don't want to get shot. the rockefelons, morgans, wahrbergs, chase' are all criminals, been financed in part or all of by rothchild and their Satanist family let the frickin dollar collapse its worthless, rich people aren't rich, they just have more of the worthless paper than others do. you see, the fed cant kill all of us, so let these rat f--k c--k suckers call in all debts, f--k them and all who believe in the illusion of freedom. they can have their money. WE THE PEOPLE will do something else. screw the fed, screw the dollar, let them both, one created by the other for the other, burn in hell, this whole illusion is about to come crashing down on these crooks, because we are a smarter, much more informed public, that scares the hell out of them, and they know it. watch, lets see what happens, all the fear that they have generated for years is about to be thrown right back in their criminal *** faces. they want it, let those bastards have it. we don't need them, AND THEY KNOW IT. HEY BURNEKE OR WHAT EVER THAT PR--KS NAME IS YOU LISTENING

    FEDERAL RESERVE NOTE, WHAT A JOKE, COME COLLECT YOUR 200 DOLLARS, YOU WONT PASS GO AND HOPEFULLY ALL YOU WORTHLESS MONEY MAKING SCHMUCKS WILL GO TO JAIL, OR GET DEAD THE COLLAPSE IS JUST WHAT WE NEED TO LET THESE CROOKS KNOW THAT WE AINT SCARED AND WE THE PEOPLE ARE TAKING IT BACK AND EVENTUALLY WE ARE GOING TO KICK THE SH-T OUT YOU CROOKED BAGS OF WIND

    LOL BY GOD THATS HOW IT IS.

  • 4 years ago

    The Fed will proceed to purchase treasuries. it extremely is of their own activity of self-renovation. in the event that they end, they circulate under too. ninety% of u.s. won't starve despite if there is an entire give way of the government and the U. S. greenback.

Still have questions? Get your answers by asking now.