Okay, firstly did you see the USD collapse in 2012? ROFL.
Secondly, a lot of countries have already moved to the EURO for petrol - I have no idea exactly how much trade it is, but it's certainly a decent amount and it hasn't seemed to have affected the USD.
Thirdly there are multiple ways in which the USD can potentially "collapse", and I do see it as insolvent, so I believe a collapse is inevitable. The collapse will, of course, result in slowing the world economy. The USA will become a third world country, and will happen within our lifetimes. The idea that China has anything to gain if this happens as alluded to in the video is rubbish, they will be one of the hardest hit as the USA is one of their major importers and also they hold a lot of US Treasury Bonds.
Finally, the guy in the video seems to think his audience are dumb and will lap up whatever bullshit he says. He clearly talks about hyperinflation as if it can only happen if a certain event takes place, this is rubbish. The USA will face hyperinflation when their economy collapses, there's no ifs or buts about it, and it has nothing to do with what event triggers it. The USA needs to cut public spending radically and give a radical rise to taxes to have any chance of a viable future, until that happens the world will look on as these fiscal liberals continue fucking their already fucked economy and raping their future generations so that they can live in obscene luxury in the present.
Secondly, a lot of countries have already moved to the EURO for petrol - I have no idea exactly how much trade it is, but it's certainly a decent amount and it hasn't seemed to have affected the USD.
Thirdly there are multiple ways in which the USD can potentially "collapse", and I do see it as insolvent, so I believe a collapse is inevitable. The collapse will, of course, result in slowing the world economy. The USA will become a third world country, and will happen within our lifetimes. The idea that China has anything to gain if this happens as alluded to in the video is rubbish, they will be one of the hardest hit as the USA is one of their major importers and also they hold a lot of US Treasury Bonds.
Finally, the guy in the video seems to think his audience are dumb and will lap up whatever bullshit he says. He clearly talks about hyperinflation as if it can only happen if a certain event takes place, this is rubbish. The USA will face hyperinflation when their economy collapses, there's no ifs or buts about it, and it has nothing to do with what event triggers it. The USA needs to cut public spending radically and give a radical rise to taxes to have any chance of a viable future, until that happens the world will look on as these fiscal liberals continue fucking their already fucked economy and raping their future generations so that they can live in obscene luxury in the present.
