Let's say the dollar completely dies off next week?
What would happen to us? Would it be Venezuela?
How would apartments handle rent? If the dollar is worth nothing?
Does this mean they would need to kick everyone out? Will there be chaos in the streets and people harming each other for food?
How do you think it will play out?
Dollar will not die according to Trump. Right now, the entire world would be chaotic if the dollar died.
I do believe there will be some pain felt, but not Venezuela or people in the streets.
Even if it does, many currencies have died in the past, and usually there is some sort of orderly transition into a new one.
Debt holders and pensioners will take a little bit of a haircut. Everyone will need to tighten their belts a little. Government spending will need to be reduced going forward (this is a good thing).