When will Dollar collapse as the world reserve currency?

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

Mr Khan said:

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

Mr Khan said:

 

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.

How is it real, though? How are shiny rocks any more real than bits of paper with pictures? (The practical uses for gold and silver notwithstanding)

What is flesh without a skeleton? Answer that question and you'll understand my point. If theres no backing you should've just saved a tree. Gold needed no backing because it was considered a desirable and rare object. The dollar is only a vessel for true value, no different than a check or a credit card. In Asia rice was used as currency. You're basically saying air is just as valuable as a commodity that could pass for currency itself. Fiat currency makes it easier to create debt especially when people don't know where the money is coming from. You wouldn't be the wise as to whether the lender had mal intent or not. Everything today is based on faith....which is something we need less of if we want to stay out of trouble.