throughout history all fiat currencies have eventually collapsed. The reason the dollar hasn't yet, and has actually gotten stronger vs. other fiat currencies recently is because oil is traded in U.S. dollars worldwide. As long as that is the case the dollar is essentially backed by oil ( hence the term "petro-dollar"). That is starting to change and when more oil producers begin to bypass the USD it too will collapse.
throughout history all fiat currencies have eventually collapsed. The reason the dollar hasn't yet, and has actually gotten stronger vs. other fiat currencies recently is because oil is traded in U.S. dollars worldwide. As long as that is the case the dollar is essentially backed by oil ( hence the term "petro-dollar"). That is starting to change and when more oil producers begin to bypass the USD it too will collapse.
How is it rising?