There's been a lot of talk on the Internet about the possibility of a dollar collapse. As dire as it may seem, there IS a silver lining to a dollar collapsing and that is a couple things. First, the veil over people, who are deluded by the prospects of material (money) gain falls away, and they begin to see the world the way it truly is. But the biggest change of a dollar collapse is that a dollar collapse is entirely superficial. There is still a farmer growing crops in Pennsylvania, or running a chicken farm in Kentucky. There are still people who are technically employed, drilling for oil. All it takes is one or two people saying "Hey, I have access to oil, and you have access to food. I'll continue drilling for oil, if in exchange you provide food." That's just a rough example, but theoretically, there is no legitimate reason why our grid cannot continue functioning after a dollar collapse. And before you say that money is the primary motivator of people, let me make one very big point: Linux. Linux, an entirely open source operating system for both the end user and enterprise users. It is currently the 3rd most popular computer platform in the world, run on around 5% of computers, just short of the immensely popular Mac OS X at 8% (source). Linux is projected to reach $1 billion of revenue in 2012 (source), pending a dollar collapse of course. Well, why is something free so popular? Because people contribute to the betterment of something for all. In other words, people are motivated to improve Linux to help other people, rather than personal (monetary) gain. I'll leave you with this video, which (shockingly) shows what truly motivates people:
I think you have a very good point here. The dollar has lost 97% of it's value in 97 years, and is still dropping. Society functioned perfectly before the dollar, and there is no reason why it cannot function the same if it is removed. Valuables (including precious metals) would still have value after the collaspe, meaning that there is no real monetary loss.
I would have to agree with you on your statement. It's a shame as to how this world works. I do believe going back to the original barter and trade methods could help change this world for the better at this point in time. I've seen the video you've posted before quite a few times, and a tremendous video it is at that. I catch myself on occasion going back to that video and watching it for an odd sense of inspiration.
I understand what you are saying and it is very true. However, I do not believe that the USD will collapse any time soon, no matter what the skeptics say. As long a oil is sold in USD, the dollar will remain the main currency around the world. In my opinion, of course. Why would it collapse if this is the case?
I I think a problem arises in that it is not practical for 7 Billion people to barter and haggle with goods each day of the year. Furthermore how do people who can only perform services, that are paid by the government, survive. For example a government paid school teacher is hardly going to be able to exchange teaching for groceries. Money is the medium in which all goods and services can be accredited a value and without it many people would struggle to lead efficient lives. Perhaps there is more to it than this, and solutions present, but that is the fundamental error I see in the arguement.
If the main currencies of the world were to collapse, there could be a window of opportunity to explore alternative forms of money creation, so as to get away from fractional reserve central banking. Other forms of money creation that might prove more useful or fair to all, would be ' Commodity Back Currency', and or a 'Resource Based Economy'.
I don't think the dollar is going to collapse otherwise many countries are going to get bankrupt. What you have said sounds great from US perspective but it doesn't take into account the dollar reserves held by foreign countries. China and India hold most of their foreign currency reserves as dollars so they stand to lose the most in case of a dollar collapse. Plus the Euro is no longer a viable alternative to dollar because of the EU crisis. So whether we like it or not, the dollar is not going to collapse, at least not in the short term.
I think a dollar collapse could be a good thing for people who have invested in silver and gold and have a big stock of the precious metals. You do have a really good point. I think eventually we are going to be using gold and silver to barter.
I do feel that the dollar is going to be taking a big and when/if it does it thank god we do own some precious metals. I however feel that in the short term (1-5 months) dollar is going to be making a good sized rally.
I personally don't think that dollars would collapse that soon, but then again I find this post relevant and really useful.
