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Delete US Currency Field in the IOU

Delete US Currency Field in the IOU

Aug 6th, 2022

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How to Delete US Currency Field in the IOU

4.7 out of 5

26 votes

If the US dollar were to become worthless, the US economy would collapse, causing global chaos. Investors would seek alternatives like the euro or pound, or resort to gold and commodities. This would lead to skyrocketing import prices, triggering inflation while making US exports very cheap, potentially resulting in a recession or depression similar to hyperinflationary scenarios in Zimbabwe and Venezuela. In such situations, people might need wheelbarrows of cash for basic goods, emphasizing the severity of hyperinflation. Overall, the collapse of the dollar would have disastrous economic consequences both domestically and globally, highlighting the need to avoid such a scenario.

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