/biz/ - Business & Finance

>>13264743
Yes, it will lead to the collapse of the dollar and world economy. When that will happen is not clear, but it's coming.

Do you know what triggered the crisis in Greece? It was discovered that the Greek government had cooked the books and had a lot more debt than they claimed. Investors freaked out at the possibility that they were going to default. All of sudden they could only borrow money at 30% on the bond market. When the cheap money tries up, America will be fucked. The Fed can print more money but this always leads to hyperinflation.

American debt to GDP is around 100% right now. China is dumping US treasuries. The petrodollar is collapsing. Countries like Venezuala are selling oil in Yuan. China and Russia have set up their own payment system to circumvent sanctions on USD trade (financial warface).

Read Zerohedge, get educated senpai.