I do not pretend to understand economics. I've never studied it. But I do know that derivatives made the finance world crazy. It started to be The Twilight Zone. During the months that led up the 2008 financial crisis, companies were packaging garbage and selling it...then buying it back...without even realizing it. That was how nutty things were. More and more the U.S. economic system has become a huge ponzi. The money flows UP, seldom ever down, so it's more and more concentrated in a few hands.
Money is nowadays more and more detached from anything tangible or real. International competition (now become money wars
, rather than cooperation) doesn't help. Add religion - the Saudis are trying to slam it to Iran - great. That's affecting the whole world. Until recently the Fed was printing money day and night - trillions - and providing most of it to the very institutions that are running what could be best described as casinos. They're not called bankers any more; nowadays they're more generally known as banksters. Any light of sanity in that system is hard to see.
I don't expect the U.S. dollar to continue being worth what it is now. I see the entire structure as a tower - poorly designed in the first place (it's never been based on rationality, but rather greed), very top-heavy these days, and increasingly unstable. Imagine a very big heavy structure atop a very tall, shaky tower. I don't mean building; just a tower. Those below don't get much.
Here's an interesting page. It shows the size of the U.S. national debt and many other figures. The debt is more than $21 trillion now, and rising fast.http://www.usdebtclock.org/cbo-omb-gop- ... mates.html
Will the system crash, like it did in 1929 - or worse? Many experts think: yes. Bets are this year, next year...soon.
Rube Goldberg - famous for his cartoons featuring very complex and weird gizmos - would have been challenged to draw anything as complicated and crazy as the American money system. Other than that...I guess we'll all see.