Do you think that the economy will collapse?

If that would be the case then every country would print as much money as they want. The more money you have the less its value will be. The same is the case with natural resources the less they are available the more costly they will be. Right now oil is traded in Dollars as dollars have their value. What if every one has plenty of dollars? Then oil will not be traded in dollars they go for another currency to deal with it. That is how the economy works....

Yes you are right. Devaluation of the country's currency is the main reason for inflation and the steep rise in the costs of the goods as every one has the currency to buy but the goods are not available. That is the present situation in countries like Zimbambwe. This is what happens when the government tries to clear the debts by pumping more money into the market. Always danger for the economy

Completely agree with you. I enjoy how people try to say inflation is the rise of costs for everything when really inflation is the devaluation of the dollar. And yes oil is traded in dollars, so if Germany wants to buy oil from Saudi Arabia, they must convert their currency into the US dollar, give it to Saudi Arabia, then Saudi Arabia would convert the US dollar back to their currency. So if the US keeps devaluing it's dollar, the Germans and Saudis would just decide to trade oil without the US dollar.

Well the US doesn't want to let the dollar collapse but it has no choice. They can either default on their debt now or just print more money and they are choosing to print more money. China and Japan have already started to trade directly through their currencies and not use the US dollar http://goo.gl/8jVb6 . The Euro will collapse. I think that is a fact. Since the rich countries loaned to the poor countries who can't pay back the rich countries, that makes the rich countries poor as well. So if the rich countries want to get their money back they will need to start hiking up interest rates, when that happens more poor countries go into debt and they can't pay it off so they will need to hike interest rates up more. The Euro could also collapse if they start printing money again which wouldn't do any good. And if any of the European countries do default on their debts, nobody will loan to them in the future.

That would basically be how it would play out, one government/agency who would regulate all the money which would mean they would basically control the world. I do think a new currency should be introduced or we should go back to the gold standard to stop the devaluation of the dollar.