Debt
One question for those in the know, I have read the US dollar is supposed to be going down the crapper, now national debts in the world and personal debt in the US are counted in US dollars, doesn't this mean that the ones who are in deep trouble are the ones who lent the money? If the dollar collapses they will own a lot of debt worth nothing. Or do the lenders have other means of getting their moneys worth back?
Internal contracts (debts) are just that and there should be no direct impact of a falling dollar. It is international debt and trade that will feel the pain firstly. However it will be the fallout from this which affects economic conditions and will then impact on Americans at a personal level - loss of job, rising CPI etc. (IMO and hope this helps) SK.
Most of the US Debt is held by US citizens - so, it bodes badly for any owner but especially those who are about to retire and own such instruments in their pension funds.
Large lenders, if they are smart, will have "hedges" in place, usually in the form of physical gold and silver. Unfortunately, there's a LOT of stupid lenders out there, which is why we're in the current predicament. There are going to be BIG winners & losers when SHTF. Don't be the idiot who didn't buy silver when the price was reasonable.