Economic Collapse

[DrewStegman]

I wouldn't be surprised if Trump starts WW3

If this thing with Iran turns into a huge fiasco then Russia could join since they are strong allies

Then China would join Russia and with those two countries they could cripple us economically by dumping all their treasuries on the market as an act of economic warfare

Regardless borrower is salve to the lender and the United States dollar will collapse some day one way or another

But so will Europe, Japan and all other fiat currencies

The question is which one first?

The thing about the dollar is that since it's the world reserve currency (petrodollar) there are so many dollars out there that if nations start switching to another means of trading oil then the dollar would tank as all those excess reserves hit the FX market

This will cause import prices to rise and dramatically lower the standard of living of Americans, since we are heavily dependent upon cheap, imported goods

The fed might be able to stop the problem temporarily by printing money and buying treasuries but that will only lead to more inflation as our creditors would realize they are getting paid back with pretty much worthless currency and dump the dollar even more

It's coming sooner or later rather you like it or not