Will the dollar become extinct in 100 years?

[Seaweed]

Currency will change remember what i said

We will all own digital wallets

[RudyRuetigger]

Yuan to bet on it?

[funnyb25]

Let us know in 100 years

[Easy-Rider 66]

give SBR Nation a winner today Weed maybe on the hardwood?

[Roger T. Bannon]

The dollar will disappear when the US does. As long as the US exists, the dollar will.

[stake1]

It’s fiat currency now. Happy “pausis” Let’s go Oos!!!!

[pablo222]

It’s fiat currency now. Happy “pausis” Let’s go Oos!!!!

Pausis doesn't start for a few more days.

Give us a play weeder.

[Roger T. Bannon]

Digital currency disappears forever when you unplug it. All they have to do is pull the plug and it is over.

[Jayvegas420]

They got rid of the penny…the dollar is next

[Roger T. Bannon]

35 year old white guys will not rule the world.

[jjgold]

nope coins will be gone under 5 years

USA going to crush them wait and see

[thomorino]

Digital currency is still very small, bitcoins market cap is less than 50 billion, that is an extremely small percentage of the currency traded daily.

Digital currency won’t go to the next level until a major government backs it.

[LongBall52]

Digital currency disappears forever when you unplug it. All they have to do is pull the plug and it is over.

I don't own/use any digital currency. What do you mean by unplug it? I have a general idea.

[Roger T. Bannon]

I don't own/use any digital currency. What do you mean by unplug it? I have a general idea.

Digital currency depends on electricity. Who owns the electricity? If you own electricity, you own digital currency.

[wikkidinsane]

sbr intelligence on display

[pablo222]

nope coins will be gone under 5 years

USA going to crush them wait and see

Wouldn't they melt them down?

Inflation will be so bad, that rounding to the nearest dollar won't be a concern.

[MinnesotaFats]

I'm not entirely sure it'd be legal under the constitution to not have a physical sovereign debt instrument

There were innumerable considerations and concessions made to get us off the gold standard, which is why we're in the mess we're in now w respect to debt & social programs

U don't see a digital currency being practical or legal

[jackpot269]

Its not going to take that long! 50 years be pushing it!!

[Roger T. Bannon]

I'm not entirely sure it'd be legal under the constitution to not have a physical sovereign debt instrument

There were innumerable considerations and concessions made to get us off the gold standard, which is why we're in the mess we're in now w respect to debt & social programs

U don't see a digital currency being practical or legal

No, you are in the mess you are in now because you needed more money than you could have with gold because it created an artificial constraint on money. When you run out of money, you either make more of it or you start handing it out.

They made more of it instead of handing theirs over.

Bitcoin does not fix that problem. Money is never real. The only question is who is going to have it. With gold, you can keep it in certain hands until the pressure gets high enough and then you either make more money or you turn over the gold.

[MinnesotaFats]

Excellent article here men

https://www.google.com/amp/s/www.forbes.com/sites/greatspeculations/2021/01/25/the-gold-standard-ended-50-years-ago-federal-debt-has-only-exploded-since/amp/

[pavyracer]

$1 from 100 years ago worths $15 in today's money. That means in 100 years you will need $100 to buy a Big Mac Combo so the dollar will not exist. The cheapest denomination will be the $100 bill.

[Roger T. Bannon]

What difference does it make that federal debt has exploded? If you want to do stuff, you either create more money or you tax the hell out of people to do what you want to do. If you tell them to F off because you are not making any more money, they just take yours.

[MinnesotaFats]

No, you are in the mess you are in now because you needed more money than you could have with gold because it created an artificial constraint on money. When you run out of money, you either make more of it or you start handing it out.

They made more of it instead of handing theirs over.

Bitcoin does not fix that problem. Money is never real. The only question is who is going to have it. With gold, you can keep it in certain hands until the pressure gets high enough and then you either make more money or you turn over the gold.

Gold never had to be restrained, the concept of artificially fixing a low price was at the behest of the few that held gold in large quantities....look at FDR policies, seizing all gold and certs in us, at 25 an oz, the just, at a whim, revaluing at 35 an oz.

You simply cannot continue to inflate the money supply to support social programs. You can do it to cover war, to spur investment, to avoid depression....but not for social programs and that's all we've done.

[Roger T. Bannon]

Gold never had to be restrained, the concept of artificially fixing a low price was at the behest of the few that held gold in large quantities....look at FDR policies, seizing all gold and certs in us, at 25 an oz, the just, at a whim, revaluing at 35 an oz.

You simply cannot continue to inflate the money supply to support social programs. You can do it to cover war, to spur investment, to avoid depression....but not for social programs and that's all we've done.

LOL. You can do it for all the stuff you like but none of what you don't. That is the problem.

You have to meet all the requirement that you have to meet. If you have a gold standard that means you pay much higher taxes. If you don't want to pay taxes, you create as little money as you can get away with it to keep things going. If you don't, you get voted out.

You have social programs because you choose to have those rather than pay higher wages or higher taxes.

There is no easy out. You either pay up or get out.

[Seaweed]

Good discussion

Inflation high now

$100 for plywood

Skill trades cost more than what is made

[Roger T. Bannon]

Inflation is not high. It is high for some things due to shortages due to not being able to get stuff because China makes everything. That is so you do not have to pay wages. You can pay me now or you can pay me later. So can pay wages or you can pay taxes or you can have social programs. If you get rid of the vote, you can do what you want.

[Seaweed]

Inflation is not high. It is high for some things due to shortages due to not being able to get stuff because China makes everything. That is so you do not have to pay wages. You can pay me now or you can pay me later. So can pay wages or you can pay taxes or you can have social programs. If you get rid of the vote, you can do what you want.

There is no shortage that’s a lie the lumberyard is filled people are still buying it so why would they lower the price? The sawmill’s are getting all the money. People are paying the price for taking the government handouts and not working

[Roger T. Bannon]

There is no shortage that’s a lie the lumberyard is filled people are still buying it so why would they lower the price? The sawmill’s are getting all the money. People are paying the price for taking the government handouts and not working

Yes, there is a shortage on lumber because of the housing boom and COVID. That is coming down slowly as more comes on line and the boom slows.

[thomorino]

LOL. You can do it for all the stuff you like but none of what you don't. That is the problem.

You have to meet all the requirement that you have to meet. If you have a gold standard that means you pay much higher taxes. If you don't want to pay taxes, you create as little money as you can get away with it to keep things going. If you don't, you get voted out.

You have social programs because you choose to have those rather than pay higher wages or higher taxes.

There is no easy out. You either pay up or get out.

Inflation has nothing to do with China, it’s about Bidens policies, you can’t keep pumping cheap money into a growing economy and not have inflation. That’s Econ 101.

[Roger T. Bannon]

Inflation has nothing to do with China, it’s about Bidens policies, you can’t keep pumping cheap money into a growing economy and not have inflation. That’s Econ 101.

No, it is about US policy of pumping up the stock market. You have a lot of huge bubbles now in everything and especially bitcoin. That is because there is not much economy left. If you do not keep the bubbles going, you have no economy at all. Trump and Biden have the same policy in that regard.

There will be no inflation because there is no economy outside of asset bubbles. You cannot have inflation with 2% growth max. When the bubbles pop, if they are ever allowed to, you will have massive deflation.

[DrunkHorseplayer]

Without a doubt; neither cash nor the US will exist in 100 years.

[Roger T. Bannon]

You have to have some kind of money. The US will be a lot different. It and the dollar will still be around. You will probably be happy you are dead and did not live to see it. You will not like it for sure.

[Goat Milk]

Money will never go away. In 100 years, mostly everything is going to be card though/phone. Maybe even just face recognition. You put your face near the micro camera, it scans it and the money comes out of your bank when you go to kroger.

But cash will always exist for one simple reason. The black market. Electronic transactions that have a ledger will always be tracked, and the IRS is only gonna want more and more and more. They are greedy like anyone else. The black market will ensure that cash exchange is always relevant.

Also, third world countries aren't gonna have the latest technology. In fact, most of the world doesn't even use crdt crds. How long have they been around? Decades. Just think about that.

Most of the world makes their money working on their own farms, or making their own food, raising their own stuff, whatever it is. Those transactions aren't made using credit card even today.

So yeah, I don't see money ever being fazed out in our lifetimes.

[Sanity Check]

[hehfest]

EDIT: 0 + cost of green ink + cost of paper + printer(s) depreciation value +assholes and their ponzi schemes =