It might just be me, but I don't see it quite this way.
First, I've literally been hearing about the destruction of the US dollar since nearly 30 years ago, where some militia members were telling me to hoard coins because when the US dollar collapses, the coins will still have value.
Second, there are forces at work making US dollars scarce. There aren't enough dollars in print to service the interest on loans which creates scarcity, but also loans to other countries were made in US dollars, which means these countries somehow need to obtain US dollars in order to service the loans.
Third, the reality is the US dollar is very strong right now and has been increasing in value for over a decade. I'm an expat and I get paid in US dollars. My paycheck conversions give me an extra 40% more now compared to a decade ago based on exchange rate alone.
Fourth, the entire world has been kicked in the balls financially. In your opinion, are people really doing incredibly well right now compared to former years, or are they struggling?
That's right, they're struggling.
Sure, there are hundreds of billions of dollars squandered/stolen floating around in computer database, but that isn't trickling down to regular people, and regular people are suffering based on all the friction caused by Covid and a bad economy.
Fifth, countries go out of their way to devalue their currencies against the US dollar, because it brings to them advantages (more demand for trade). Well if countries are devaluing their currency against the US, what does that do to US currency? Elevate it.
My only point is this ... destruction of the fed doesn't necessarily mean destruction of the US dollar. They're not synonyms that can be used interchangeably. The fed can crash and burn and they can arrest and hang every one of them, that doesn't necessarily mean the US dollar is going to crash.
It might just be me, but I don't see it quite this way.
First, I've literally been hearing about the destruction of the US dollar since nearly 30 years ago, where some militia members were telling me to hoard coins because when the US dollar collapses, the coins will still have value.
Second, there are forces at work making US dollars scarce. There aren't enough dollars in print to service the interest on loans which creates scarcity, but also loans to other countries were made in US dollars, which means these countries somehow need to obtain US dollars in order to service the loans.
Third, the reality is the US dollar is very strong right now and has been increasing in value for over a decade. I'm an expat and I get paid in US dollars. My paycheck conversions give me an extra 40% more now compared to a decade ago based on exchange rate alone.
Fourth, the entire world has been kicked in the balls financially. In your opinion, are people really doing incredibly well right now compared to former years, or are they struggling?
That's right, they're struggling.
Sure, there are hundreds of billions of dollars squandered/stolen floating around in computer database, but that isn't trickling down to regular people, and regular people are suffering based on all the friction caused by Covid and a bad economy.
My only point is this ... destruction of the fed doesn't necessarily mean destruction of the US dollar. They're not synonyms that can be used interchangeably.