The inevitable collapse of the dollar

The current account deficit:
http://en.wikipedia.org/wiki/List_of_...

Summary:
Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst. Also check out the 1-minute video which I'm responding to for a quick explanation

• Category

  News & Politics

[FreshPipzz]

5 years later all what was said about the dollar collapsing seems true

[chychy1]

How is the U.S bankrupt exactly? Just because you have debt on your balance sheet, it dose not mean you are bankrupt. The U.S will be energy efficient by 2020. This results in a trade surplus, as long as you have a trade surplus you can keep refinancing your debt.

[chychy1]

The U.S is no were near bankrupt. By 2020 we will be energy efficient and energy interdependent. This results in the U.S having a trade surplus. As long as you have a trade surplus you can keep refinancing your debt. If you have debt on your balance sheet it dose not mean you are bankrupt. The debt to gdp ratio is declining and will be positive in the next boom cycle of our economy.

[Roger Wilco]

You are clearly an idiot. The U.S. dollar will be the world's "reserve currency" for approximately another couple years, if that.

Why? Because America is already fucking bankrupt, you stupid fuck. How many trillions do you need to owe before you realize you're bankrupt?

Fuck, americans are idiots. Next?

[CHTproducti0ns]

Dude you gotta wake up. Countries have already been taking action to get rid of their dollars. Eventually the collapse will happen whether we like it or not. We have to cut down spending, create production, and go through a decent recession to have a decent comeback. Simple as that.

[chychy1]

you clearly don't understand boom and bust cycles. That's why you keep bringing up the national debt. The u.s is the world reserve currency. It also has the largest GDP. I don't understand how me being employed fits into the argument? Nations go through rough economic times and come out prosperous.

[Roger Wilco]

The U.S. is 17 trillion in debt, completely fucking bankrupt, and becoming more insane by the second, you fucking moron. Look around, and get a job while you're at it.

Next?

[aquaboy777]

Obama tried to sell his wife many times for years,But there was NO BUYERS! I think he's stuck with that zombie until hell freezes over.

[chychy1]

just because history has happened doesn't mean that we are doomed to repeat it. The u.s is very sound and will be for the years to come.

[derek655282]

Name one Empires that remains forever. then we can have our discussion. This is the pattern. Even if china becomes the dominate country. It wall fall eventually , just won't be in our life time. That's what happened through out the history. You will be a fool if you think America is any different.