When will Dollar collapse as the world reserve currency?

[S.T.A.G.E.]

Mr Khan said:

S.T.A.G.E. said:

hysterianut said:

Troll_Whisperer said:
What currency can replace it though?

dollar backed by gold

The bankers fucked over Americans. Thanks to frational reserve banking we'd have to start at square one. Thats almost a centuries worth of inflation. Theres nothing worse than currency backed based on faith.

Fiat currency is actually the most stable in the long run. Hyperinflation is a nice bogyeman to trot around, but it only happens in limited circumstances (namely when a country's debt is denominated in another currency or in gold, so if they can't pay their debts, printing money to do so just devalues it with insane speed)

People cannot pay their debts because of inflation, fractional reserve banking, outside borrowing, and excessive printing. There is no boogeyman and faith is not the best thing to focus on when you have a currency. This country's currency was built on the notional of reserve notes backed by gold, silver and whatever we truly had. If we didn't have money, well too bad. The second we gave up everything to the bankers they put us all in debt up to our ears for years to come.