@splinterfree 177645 wrote:
or imagine how much the economies of the world would benefit when US wont be able to afford this “25% of consumption” anymore. all this abundance of products available all of a sudden…this will happen when/if the dollar collapses.
how is an excess of goods and less customers to buy them going to benefit any economy? More likely than not it will cause super high unempolyment.
Like I said in an earlier post, keep plenty of cash on hand and not in a bank.
I wrote about this very problem facing the USA on my blog in 2004. I’m just too busy to keep up with it these days.