Both of you understand the issue. What has kept the US “Dollar” (it really isn’t a real Dollar at all) is it’s long run as the world’s reserve currency, which is coming to an end, and its use as the “Petrodollar” buying and selling crude oil, which is also ending thanks to the BRIC nations and the “One belt, one road” initiative by China in Asia.
What will it look like? No one really knows, but I think we can get a good idea after taking a hard look at other nations that have gone through and are going through economic collapse. Zimbabwe, post Soviet Russia, and certainly Venezuela. Something else to consider is that during the crash of ’29 a majority of the population was still rural. They knew how to do things to survive. They were accustomed to hard physical work, and they had ‘community’ and a strong moral and spiritual foundation. Not so today with the majority now living in urban areas concentrated along our coasts. They know how to work a thermostat, maneuver in the internet, expect conveniences at their finger tips on demand, and not much else.
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This reply was modified 1 year, 7 months ago by
James Mitchner.