When will Dollar collapse as the world reserve currency?

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

Mr Khan said:

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

 

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.

The only thing gold backing does is make it that much harder to have a flexible currency. Fiat is simply more stable.

Who even operates on the gold standard anymore? India might, i think, though that's showing their weakness.

Backed currency doesn't need to be flexible because its real. If you have it then you have it. Its amazing how much inflation increases prices to outrageous levels to the point that the bubble had to burst in this country.