answersLogoWhite

0

How do you make money by collapsing a currency?

Updated: 3/18/2023
User Avatar

WarnerAthey

Lvl 1
11y ago

Best Answer

There are a number of ways to make money if you know (or believe) a currency is going to depreciate significantly. One is to borrow a large sum of money in the currency before it depreciates (or collapses) and then sell it to anyone who will buy it at today's price. Once the currency collapses it will be cheap to buy it back and pay off your loan. This would be "short-selling" (or simply "shorting") the currency -- selling what you don't actually own.

If you are capable of collapsing a currency, then it would similarly be possible to make money off of your skills. However, intentionally manipulating a financial currency implicates a number of ethical and legal issues; you might be better off in a more traditional career.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar
More answers
User Avatar

Muneeswaran Thavaman...

Lvl 7
2y ago

A sudden dollar collapse would create global economic turmoil. Investors would rush to other currencies, such as the euro, or other assets, such as gold and commodities. Demand for Treasurys would plummet, and interest rates would rise. U.S. import prices would skyrocket, causing inflation.

This answer is:
User Avatar

User Avatar

Raasamaal

Lvl 2
1y ago

Bankruptcy can be a devastating experience that can impact your net worth and your ability to build wealth. It can result in the loss of assets, damage to your credit score, and a long-term financial burden. However, with the right strategies and tactics, it is possible to recover from bankruptcy and multiply your net worth over the next two years.

Section 1: Understanding the Impact of Bankruptcy

This section will provide an overview of the impact of bankruptcy on your net worth and your ability to build wealth. It will explain the various types of bankruptcy, the impact on your credit score, and the long-term financial implications of bankruptcy.

Section 2: Rebuilding Your Credit Score

This section will provide practical advice on how to rebuild your credit score after bankruptcy. It will discuss the importance of paying bills on time, keeping credit card balances low, and monitoring your credit report for errors. It will also provide guidance on how to obtain new credit, such as secured credit cards and personal loans.

Section 3: Managing Debt

This section will provide guidance on how to manage debt after bankruptcy. It will discuss the importance of creating a budget, prioritizing debt repayment, and avoiding high-interest debt. It will also provide practical advice on how to negotiate with creditors and explore debt consolidation options.

Section 4: Investing in Blockchain

This section will discuss the benefits of investing in Blockchain as a strategy for building wealth after bankruptcy. It will explain the various types of Blockchain investments to provide guidance on how to evaluate investment opportunities. It will also discuss the importance of diversification in Blockchain investing and provide tips on managing risk.

Section 5: Monitoring Your Progress and Adjusting Your Plan

This section will discuss the importance of monitoring your progress towards your goals and adjusting your plan as needed. It will provide guidance on tracking your net worth, evaluating your investment portfolio, and making necessary changes to your plan.

Conclusion:

Recovering from bankruptcy and multiplying your net worth over the next two years requires a disciplined approach, a solid plan, and a commitment to your goals. By following the strategies outlined in this article, you can make significant progress towards achieving financial freedom and security. Remember to stay focused, stay the course, and make adjustments as needed to stay on track towards your goals. With the right strategies and tactics, you can recover from bankruptcy and build a bright financial future.

This whole advice we want to you grow financially the friends we have in our platform make huge recover in this time

A Paradigm Shift Is Underway But Only Few People Have Noticed...

This change happens over a period of 20+ years. That's why most people don't recognize it. There's a crucial transition point during this cycle that will deliver maximum profits.

The Genesis Cycle Will Change Everything For You

This rare event is presenting you with the fastest and biggest money making opportunity of your life-time. And it's starting right now.

The Only Safe Haven During This Time Of Global Chaos

And Turmoil

The transition to this new system is chaotic. Most investors will lose big. Rampant inflation, currency controls, supply chain breakdowns, and insane money printing will destroy the savings and purchasing power of the average person.

The Blockchain Ecosystem gives you financial sovereignty. It's the only way to protect and grow your wealth during these turbulent times.

🅷🆃🆃🅿🆂://🆆🆆🆆.🅳🅸🅶🅸🆂🆃🅾🆁🅴24.🅲🅾🅼/🆁🅴🅳🅸🆁/307348/🆂🅷🅰🆁🅼🅰/

This answer is:
User Avatar

User Avatar

My Business

Lvl 4
2y ago

Looking to make money online? This training helped me a lot. There are a lot of people earning more than 10K/month with this:

Link in Bio

This answer is:
User Avatar

User Avatar

spesiplejs

Lvl 2
2y ago

左翼加速主义的蓝图是通过技术发展来埋葬资本主义,右翼加速主义则认为技术与资本的联合自自然然,所有限制都应解除,以实现无限加速。左翼加速主义以资本主义为对手,认为解除技术阻碍将导致资本主义崩溃,产生出新的人类社会形态。右翼加速主义与资本主义的经济逻辑同道,给技术无限空间,结果是人类可能作为“落后生产力”被淘汰,但“超人类”仍然在利润轨道上继续运行。

This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: How do you make money by collapsing a currency?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Is mercury used to make money currency?

yes


In forex how do you make money in a downtrend?

Before currency drop, you place a "SHORT" position. After the currency drop, you will make profit.


How would one learn to make sense of Chinese money?

One would learn to make sense of Chinese money by learning from the world-wide currency chart in order to be able to convert his/her currency to Chinese currency.


What happens when Currency traders buy on margin?

When currency traders buy on margin they borrow money from their broker. They do this in order to make a larger currency purchase.


What is the meaning of 'currency' when referring to money?

Currency is money


Currency traders buy on margin so they can do which of the following?

Make large currency trades using small amounts of money.


Leverage enables currency traders to which of the following?

Make large currency trades using small amounts of money APEX:)


Which of the following explains what happens when currency traders buy on?

They borrow money from their broker in order to make a larger currency purchase


How do people in Costa Rica make money?

How much money or currency is in Costa Rica?


Is currency money a synonymantonoym or homophones?

Synonym. Currency is the paper and/or coins issued by a bank or government that may be used to make purchases, pay debts, etc. Money is currency plus other liquid assets such as bank accounts.


What is a synonymsantonymsor homophones that go after currency and money?

Currency and money are synonyms.


Currency in a sentence?

That answer lacks currency! Currency is another word for money.