You are viewing a single comment's thread from:
RE: Witnessing the Aftermath of Hyperinflation: Zimbabwe
Now here's a scary thought, could the same thing happen to the US dollar?
Now here's a scary thought, could the same thing happen to the US dollar?
It's not a matter of IF, but when. For what I've been studying for that last few years, unfortunately we are closer to the dollar colapse then one could ever imagine.
So, a new war (yep, a real bloody fucking war), is on its way to "solve" the dollar issue.
Prepare yourself. Buy Bitcoin, gold and silver.
Very unlikely. I've gone over this here:
https://steemit.com/hyperinflation/@alexgr/hyperinflation-dollar-collapse-and-precious-metals (long read - sort of like a small ebook)
...and here: https://steemit.com/hyperinflation/@alexgr/if-the-government-is-printing-trillions-why-is-there-no-hyperinflation (much smaller read but captures some of the elements)
An additional reason on why the dollar is more unlikely to collapse (it's used to maintain a debt-slavery scheme... if the dollar collapses, the debt-slaves are free): https://steemit.com/dollar/@alexgr/the-usd-is-like-a-fence-that-keeps-debt-slaves-inside-a-labor-camp
It would take a very long time. If the world community abandons US dollar as the defacto trade currency for say oil and various other commodities then this could happen. I do think that it would take a very long time.
Thats already happened actually. The USD is no longer the global trade currency nor the petrol dollar anymore!
The end is on the horizon, and this HAS BEEN happening for a VERY LONG time.
It can happen to any fiat currency, but you need to understand the Zim history to understand why they experience this hyperinflation. These guys looted their economy and to promote political correction they destroyed the only economic driver they had - agriculture - by taking farms away from productive farmers and give it to those who have no interest in farming. The worse thing is that the Zim government does not see it as a problem. After the west stopping giving money, the Chinese government started to bankroll them. Other African nations also don't see it as a crisis. In the African Union Mugabe is seen as one of the great leaders of the continent.
Heiditravel's mentioned the Congo war as a reason, but that was not a war like we have seen in the other parts of the world. Those were little battles between fighting factions in a country. Namibia also sent some troops to this war, but they don't have hyperinflation. As a matter of fact, Namibia is a desert and Zim a tropical paradise. If one of these two should have hyperinflation, it should be Namibia.