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What If? The Dollar Collapsed

By Stacker2020, 29/05/20
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What If? The Dollar Collapsed

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I find this same topic very interesting Stacker2020. I've been mulling over the scenarios since late 2014.

I agree with the points you have raised.

The collapse of the current monetary system is inevitable.  Why? because that's been the case for thousands of years. Why should it be any different this time. I believe that people will quickly learn of the value of precious metals in a crash scenario.

The new currency will need to be completely controllable by governments and central banks, so will almost certainly be digital. Blockchain maybe, cashless, definitely. 

There is a black market for everything. Nothing is ever eliminated completely, just goes underground. So will precious metals until its safe to return.

I believe that the real impact of the current pandemic has been wildly underestimated. Once lockdown is eased and everyone tries to return back to some form of normality, we will undoubtedly find out. 

I hope its not half as bad as I think it will be, but it feels like out of the frying pan into the fire. 

Thanks for the thought-provoking video.

 

 

 

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