The Truth About The U.S. Dollar Collapsing!

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[Richiek]

This reminds me of how Dave was saying "inflation is a non-issue, inflation isn't going to happen, get off the internet and stop worrying about inflation, stop being conspiracy theorists" back in early 2021 when people were calling in worried about all the money printing that occurred during the pandemic. The entire comment section was talking about how out of touch he is. Now look today. Inflation.

He's doing the same thing with his lack of knowledge about boom and bust cycles and reserve currencies. All reserve currencies come to an end. The Spanish, the Dutch, the British, etc. all thought they would be on top of the mountain forever as well. The American empire is going downward on the power and influence scale, not upwards like it was in the 1940's-80's. This is basic historical economics. For anybody who wants to learn more, read and listen to Ray Dalio. He has amazing expert analysis of historical economics and the inevitable cycles that happen... based on actual economic HISTORY, not his opinions.

Dave thinks America is invincible. Naive.

[melanieb]

The conspiracy theorists have been awfully right lately

[Mexrpllionaire]

Happy to see so many people in the comments who are actually aware of what this really means! Dave is good but he needs to take this specific topic more seriously

[Hannahbenowitz]

It's quite simple why rates are climbing with rising imports and falling exports, the FED is obviously to be blamed for banking crisis. Something will eventually break if they keep the quantitative tightening and higher interest rates. Is this really a good time to have some savings in stocks?

[NicholasBall]

A weakening dollar often hints at potential economic challenges, prompting me to think about protecting my savings from inflation. Bitcoin has been gaining attention recently, especially with the approval of Bitcoin ETFs and Trump’s election victory. Many believe it could surpass $100k. I’ve saved $300k and am considering investing, but I keep asking myself: is it too late to capitalize on its potential returns?

[MikeEdwardsOG]

The line between conspiracy theory and truth has become incredibly thin under this administration. I think the gentleman's question was fair and should be taken seriously.

[cjk]

Our dollar went down the toilet a few years ago when they printed like 40% of all of our currency in one year

[danmeck]

I'm afraid Dave is no longer the go to for financial and ecomonic advice/news/predictions.

[caseybills]

Our economy is grappling with ongoing uncertainties, including housing challenges, foreclosures, global market fluctuations, and the lingering effects of the pandemic. This has led to instability. Urgent action is needed from all sectors to address rising inflation, slow economic growth, and trade disruptions in order to restore stability and drive economic recovery.

[RuthEvelyn-rcbg]

Relax, there is always a debt ceiling increase. Did those who survived the 2008 financial crisis have it easier? I lost $35k this month, and my income is decreasing, so I'm worried about the stock market. Concerned that because I can't increase my savings, I won't have enough money saved for retirement.

[anthonyjames]

I swear lately Dave is just telling people exactly what this administration wants them to hear.

[a.tigerjr.]

This was very hard to watch. Very prideful and to not mention India is unfortunate, as they and many other countries are buying their energy in their own currency which slowly removes US petro-dollar value. This reaction is alarming and tells me more than the actual words.

[freedomring]

what Dave failed to mention is the US Dollar is the world reserve currency. That means in order for countries to do business in the world, they must first convert their currency to US dollars then can purchase oil and other commodities. If the US dollar is no longer the world reserve currency hyper inflation kicks in and yes the US dollar will collapse. I get it, Dave doesn't want to panic anyone, but the reality is all, not some, but ALL, fiat currencies go to zero. Every single one.

[andrewchandler]

A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k

[timothy]

People making $100, 000 per year are living paycehck to paycheck to support a 2010's lifestyle.

That's collapse.

[stevenporter]

Dave's answers to there type of questions seems to be 'you are spending too much time on the internet'. He also said that inflation was just a very short term supply chain issue too.

[unclebenny]

It’s not that another currency will take over the dollar. It’s that demand for the dollar is decreasing and when demand decreases for the dollar worldwide, it’s more difficult for the US to export its debt. Also, the existing dollars in the system need a place to go and if there is less demand from foreign players, those dollars will head home.

Macro economics is not personal finance.

[suntzu]

I'm sure there was a Dave Ramsey in the Roman Empire that was saying the same thing before the fall of the Roman Empire.

[nanay]

Dave is multi-millionaire, so he is not worried about this. When you have to much money coming in every month, you won't feel a thing when something changed happened like this.

[dulcehahn]

Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and I’m up with 128k in a short period of time