A friend of mines says that the US dollar is so "heavily intertwined" in other nations that if the US Dollar was to become worthless then that would have a major impact on the world.
However with the little to no backing in gold and division of the US dollar by digital currency as well as referring to history, isn't the US headed down hill?
There is the argument that the US dollar was able to buy more in the past however it seems to be proportional; the dollar bought more however we made less as a normal wage eg. cents versus dollars.
For example, other countries buying our food producing land, concrete factories being owned by other nations when our highway infrastructure needs repair, small factories closing and machinery being auctioned at little to no cost.
So... I was thinking about starting to save in Euros and perhaps looking into Bitcoin which I understand is volatile but it is rare and capped...
Any thoughts on this?
Further I am not heavily into economics (that's probably pretty obvious) so if you can fill in any additional gaps I missed, I would appreciate that.