The value of the present U.S. FIAT backed Dollar will collapse
Most bank accounts with large for-profit banks will collapse. Including but not limited to JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, etc. Your local credit unions are safer. As they will be less affected by this collapse.
This FIAT U.S. backed Dollar will be replaced by a GOLD backed U.S. dollar or other valuable local RESOURCE backed U.S. dollar. In other words, the U.S. dollar will not disappear, but will be replaced by a GOLD backed U.S. dollar.
Most other countries will stop accepting any U.S. FIAT backed dollars because they will be wortless. But will accept payments in GOLD backed currencies. They will accept either your local GOLD backed currencies or any GOLD backed currencies which qualifies to the buyers. Any Fed centralized FIAT currencies will obviously be very unlikely to be accepted. Such as CBDC, FedNow, or any other Fed's FIAT backed centralized currency.
China, who has the biggest economy in the world since around 2014, increasingly supports GOLD backed local currencies of various countries
Most large businesses presently using mostly FIAT backed U.S. dollars will both declare bankruptcy in U.S. dollar and move their assets to BRICS. This is one way they can start doing business on cleaner and safer GOLD backed currencies.
Uplifting Full Related Video
Related full 2 hours interview video with Economist Bill Klatt, and host Carner James at https://rumble.com/v2vgsei-economist-bill-klatt-dollar-collapse-what-to-expect.html
Summary Speculations
The value of the present U.S. FIAT backed Dollar will collapse
Most bank accounts with large for-profit banks will collapse. Including but not limited to JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Goldman Sachs, etc. Your local credit unions are safer. As they will be less affected by this collapse.
This FIAT U.S. backed Dollar will be replaced by a GOLD backed U.S. dollar or other valuable local RESOURCE backed U.S. dollar. In other words, the U.S. dollar will not disappear, but will be replaced by a GOLD backed U.S. dollar.
Most other countries will stop accepting any U.S. FIAT backed dollars because they will be wortless. But will accept payments in GOLD backed currencies. They will accept either your local GOLD backed currencies or any GOLD backed currencies which qualifies to the buyers. Any Fed centralized FIAT currencies will obviously be very unlikely to be accepted. Such as CBDC, FedNow, or any other Fed's FIAT backed centralized currency.
China, who has the biggest economy in the world since around 2014, increasingly supports GOLD backed local currencies of various countries
Most large businesses presently using mostly FIAT backed U.S. dollars will both declare bankruptcy in U.S. dollar and move their assets to BRICS. This is one way they can start doing business on cleaner and safer GOLD backed currencies.