What if the dollar collapsed? If the dollar lost it’s value, it would have significant effects world wide. Everyone including banks and countries would sell most of not all their U.S. dollars before they become less and less valuable. Of course, this would crash the value of the dollar value even more. Once the dollar is completely useless, Americans would most likely start using the Euro as their main choice of payments.
There is a good thing to come out of the dollar crashing though. Debt would remain the same. If trillions of dollars are printed, but your debt is the same, the amount you owe will seem insignificant compared to what it was pre-dollar collapse.
Hopefully America can learn from previous countries mistakes to avoid a collapse of our own dollar.
#dollarcrash #economiccollapse #dollarcollapse
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0:00 - Intro
0:30 - History of Currency Collapses
1:26 - The Main Cause
1:45 - Current Concerns
2:38 - Consequences
4:06 - A Good Outcome?
4:48 - Will This Actually Happen?
5:08 - Like & Subscribe!
What Would Happen If The Dollar Collapsed
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