Q: Is the US dollar headed for a collapse?

jim rogers

FAQ: Is the US dollar headed for a collapse?

We all know that the dollar is in sad shape. From Giselle Bundshen allegedly not accepting US dollars in payment and Jayz waving around Euros in his videos to Jim Rogers, the guy that helped George Soros break the Bank of England in 1992 by shorting it and is now looking to divest from the US dollar entirely. My gold broker is even suggesting that the US dollar is headed for a major downturn. (I am sure he is looking for me to continue to buy gold but still….)

Who here feels the US dollar is headed for a collapse. If not, explain why you think so.

www.goldsenze.com Answer:

Yes, sadly the US government is constantly printing more money with anything to back it up to pay for the wars in Iraq and Afghanistan. This cannot go on forever.

Nov. 4 – Jim Rogers tells Reuters the Greek bailout plan merely pushes the debt crisis into the future, and could cause spark an end to the euro zone in five years.

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  4. Do you think the stock market or economy will crash or head to a depression in 2012 or 2013?
  5. Is it about time to invest in gold and silver since the dollar is losing it’s value? goldsenze

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3 thoughts on “Q: Is the US dollar headed for a collapse?

  1. Collapse? Not so much. Continued decline in value? Yes. The dollar’s price as compared to other currencies pretty much has the future value of it factored into it’s exchange rate.

    The business environment and the poor investment/savings decisions by Americans and the debt-ridden U.S. Government will continue to drive down the value of the dollar.

    It’s also important to note that the dollar’s decline sets up a situation where americans get poorer, but our exports are set to rise and the cost of doing business in the U.S. goes down as compared to other countries.

  2. Whatever else you do, do not listen to gold brokers… :)

    More to the point, collapse of the U.S. dollar is highly unlikely, unless the U.S. experiences a period of hyperinflation. A more likely scenario is a gradual devaluation of the dollar to the point where U.S. reaches some resemblance of trade balance (which is already beginning to happen; this year’s exports are sharply up due to the declining dollar).

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