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The Coming Collapse of the Dollar: How It Will Threaten the Global Economy and What We Can Do to Prepare

Derrick Hughes

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Published in Money: How The Destruction Of The Dollar Threatens The Global Economy And What We Can Do About It

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The dollar is the world's reserve currency, which means that it is used for most international transactions. This gives the United States a lot of power over the global economy, and it has allowed us to borrow trillions of dollars from other countries.

Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It

by Steve Forbes

4.3 out of 5

Language	:	English
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However, the dollar is facing a number of threats that could lead to its collapse. These threats include:

The rising debt of the United States: The United States has a massive debt of over $30 trillion, and this debt is growing rapidly. This is putting a strain on the dollar, and it is making it more difficult for the United States to meet its financial obligations.
The decline of the US economy: The US economy has been in decline for several years, and this is putting further pressure on the dollar. The US is no longer the dominant economic power that it once was, and this is making it more difficult for the dollar to maintain its value.
The rise of other currencies: Other currencies, such as the euro and the Chinese yuan, are becoming more popular for international transactions. This is reducing the demand for the dollar, and it is making it more difficult for the dollar to maintain its value.

If the dollar collapses, it would have devastating consequences for the global economy. It would lead to a sharp decline in the value of US assets, and it would make it more difficult for businesses to trade. It would also lead to a rise in interest rates, and this would make it more difficult for people to borrow money.

There are a number of things that we can do to prepare for the collapse of the dollar. These include:

Diversify your assets: Don't put all of your eggs in one basket. Invest in a variety of assets, including stocks, bonds, real estate, and precious metals.
Reduce your debt: Pay off your debt as quickly as possible. This will give you more financial flexibility in the event of a dollar collapse.
Learn a new skill: In the event of a dollar collapse, it may be difficult to find a job. Learn a new skill that will allow you to earn a living in a different field.
Be prepared for a period of chaos: If the dollar collapses, it will likely lead to a period of chaos. Be prepared for disruptions to the food supply, the transportation system, and the financial system.

The collapse of the dollar is a real and present danger. It is something that we need to be prepared for. By taking the steps outlined above, you can protect yourself from the worst effects of a dollar collapse.

Money: How the Destruction of the Dollar Threatens the Global Economy – and What We Can Do About It

by Steve Forbes

4.3 out of 5