RE: The money system

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The money system

in money •  8 years ago 

"THE DOLLAR WILL COLLAPSE. Period."

Then why does it keep rising???

money
8 years ago by

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      ·  8 years ago 

    throughout history all fiat currencies have eventually collapsed. The reason the dollar hasn't yet, and has actually gotten stronger vs. other fiat currencies recently is because oil is traded in U.S. dollars worldwide. As long as that is the case the dollar is essentially backed by oil ( hence the term "petro-dollar"). That is starting to change and when more oil producers begin to bypass the USD it too will collapse.

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        ·  8 years ago 

      How is it rising?

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