I am not so sure about that. It's not collapsing now relative to other FIAT currencies. But the prices of good and services are going up. And the US debt is completely unsustainable. Washington weaponizing the dollar via sanctions and freezing funds does not help either. Nations will want to divest in the dollar. The writing is on the wall. It's not if but when it will collapse.
Way over thinking and you missed what has happened.
Debt to GDP is in decline. Almost -10% from peak.
GDP Q3 highest in decades. Highest wage increases in decades. Property will be at ATH next year and +20% ATH in 2025.
Bond prices fell like a mofo meaning US can buy back debt at a large discount to what they sold it at. This is how debt is monetised, this is what it looks like. You get a property bailout at the cost of affordability of ‘wants’.
Other nations dropping the dollar is because THEY are failing, not the US.
I think it’s a case of emotional bias for the majority. The bad news headlines are what they cling onto and dismiss everything else which leads them astray. Redards like me don’t emotionally react to much, I said this week the outcome of the ‘ voice’ vote downunder will be a ‘yes’ and Israel/Palestine will result in energy sanctions/embargoes giving us AUD$6/L fuel by 2025. Family members went apeshit at me lol 🤷 hence I say average Joe is mentally breaking in this environment, emotionally paralysed.