Latvia wants permanent U.S. troops, foreign minister tells Blinken

Re:Latvia wants permanent U.S. troops, foreign minister tell... by nebula8804 on Monday March 07, 2022 @12:34PM (#30590768)

I wonder what would finally cause the US Dollar to finally collapse? Would it be China somehow? Either way, the only thing propping up this machine is the fact that the US dollar still means something. What would the world look like post-US?

I noticed that recently my local dollar store has now become the 1.25$ store. This can't bode well for the future...maybe we are experiencing the fall right now. You wouldn't really know until after the fact.

[ Parent | on HN ]

Re:Latvia wants permanent U.S. troops, foreign minister tell... by nradov on Monday March 07, 2022 @12:55PM (#30591042)

Pretty much every fiat currency experiences inflation. That's not a serious problem as long as it remains below hyperinflation levels.

The US Dollar can only collapse if the federal government defaults on its debts, or institutes currency controls which make it no longer convertible. The government only accepts tax payments in Dollars, so anyone subject to US taxes has no choice but to hold some Dollars.

[ Parent | on HN ]