>>21791710>Yeah i think that statement is someone correct, albeit a bit too oversimplified.Of course. If the US dollar starts to rapidly devalue relative to oil or other commodities, foreign holders of US dollars (eurodollar market) and US dollar denominated debt (US Treasuries) would begin to sell, triggering a rapid collapse of the dollar value (hyperinflation) which would trigger a collapse of other world currencies, since they are nearly all effectively a derivative of the $USD.
With the USA caught in fiscal debt trap, printing money is the only way out, barring a "productivity miracle".
A productivity miracle would be some technology that allows essentially free, unlmited qantities of energy. Whether that is rrapid, large scale deployment of Small Modular Reactors, or whether it's the release of some highly classfied technology. (possibly alien derived)
Outside of a free energy miracle, (which would drive bitcoin to near zero) The US dollar will be dying. exactly when, no one can predict. Will it last 10 more years, very unlikely. Will it last ONE more year, likely.
The Fate of the Dollar: Brent Johnson, Jeff Deist, Keith Weiner
https://youtu.be/nEWGnnC9dZM?t=2436 Jan 5, 2024
>Don't think of gold priced in dollars, think of dollars priced in gold.>It's actually gold that gives value to the dollar, and when gold withdraws it's bid, the dollar is done. 