getcereal wrote:
No expert either. But huge debts form countries and less trust in government. We have world currency (the US dollar) at a crazy pace being printed with nothing backing it .
That is not quite correct. The US dollar is still the most commonly used currency for international transactions but recently currencies like the EUR, JPY, CHF, GBP & CNY have been gaining ground.
The dollar has been a stalwart of international trade over the majority of the last century. Around the time of the formation of the Eurozone, it reached its recent peak at 71.0% of official foreign exchange reserves. Since then, its been falling and the composition of global reserves has more recently dropped to about 63%.
As for the US dollar being "printed with nothing backing it" - that is a fallacy perpetuated by a certain subsection of society. The thing backing the US dollar (and most currencies) is the trust that the government issuing these "promissery notes" will repay its debt. The size of the US economy and the relative stability of it's institutions are a SIGNIFICANT factor in backing the US dollar. As long as there is a strong America, the US dollar will be valuable.
Remember - It's important to be comfortable in your own skin... because it turns out society frowns on wearing other people's