/biz/ - Business & Finance

>>21066862
the public goods would still be there (thorugh laws and law enforcement). there are kilotons of precious metals and bombs there to back any new currency. that new currency will likely be electronic central bank money. that's it.

Modern financial system and petrotrading would grind to a halt. Many banks globally would lose massively because they all have exposure to (petro)dollar and it would throw the world into a recession that would probably lead to a massive global conflict or intermittent series of conflict. Civil strife, social issues and balkanization would ensue in many parts of the world and problems like lack of good drinking water, food and common infectuous diseases like dysentery would return to those parts of the world that have (more or less) eradicated them.

Basically it would be the happening of happenings.

>>21066862
booglo party starts

>>21067127
>new currency will likely be electronic central bank money. that's it.
All private banks big ans small abolished

The Fed is the only bank left and the only currency accepted is FedCoin

>>21066862
Reminder that everyone complaining about the dollar system is just coping that they don't have any dollars. People who actually do have dollars don't complain about it.

>>21066862
How would you call a new American currency?

>>21067501
yeah, and people with dollars are married to them and just keep hoping that their value will last their lifetime.

>>21067511
$BRR duhh

>>21067556
No, poor dumb boomers paying into their 401ks are not "people with dollars. Actual people with dollars are investing that shit to make even more dollars.

>>21066862
>What would happen if the U.S. dollar actually collapsed?
No one has the private wealth and incentive to attack the dollar at that level. Currencies don't just magically "collapse", either the economy starts to collapse first and can't service the claims at the current nominal rate or a government trying to peg against something it doesn't control loses control in that process. A real economic collapse in America would have to start with some sort of domestic war (not being able to get to the store wouldn't be your only problem) or extreme incompetence that's unlikely.

>>21067830
>>21066862
Dollar collapse is impossible anyway. Even with all the money printing this year, the dollar is only getting stronger. Why? Look up the dollar milkshake theory.

>>21068039
except it's literally dumping right now

>>21068039
>the dollar is only getting stronger
Have you looked at the index recently?

1 drop = a steak dinner
1 ripple = mansion and yacht

>>21068243
Unironically this.

>>21068039
Dollar can collapse. A sufficiently enormous crisis can easily do it. 2008 was close already and it's far milder than what we're going to get if the coroneer induced heart attack in renting markets pollutes the real estate market.

>>21068125
>>21068189
Now look at foreign currencies relative to the dollar.

>>21066862
Trump presses the nuke buttons. If Biden is in power then the every news agency lies and says the dollar is stronger than ever.

>>21067127
>the public goods would still be there (thorugh laws and law enforcement).
This is what I'm afraid of. The collapse of value in dollar means the breakdown in the government, corruption will be rampant by this time similar to USSR. Then due to corruption, several WMDs from the former Soviet territories were sold off to elites, many still untraced and missing.

>>21066862
Its what $1000 EOY meant all along