Quote:
Originally Posted by Redskin350
Americas economy does affect the rest of the world....its just if the American dollar collapses countries such as China, India and the Southeast Asian Countries will enjoy the purchasing power that we lost as they start consuming a lot more. For example America is consuming 50% or more of the worlds gasoline that means the rest of the world has to live with the half that we don't consume and when the dollar collapses and we cant afford to use up all that gasoline that means more gasoline for everyone else don't be surprised when our dollar collapses and we cant afford the gas you will see a great shift of power between us and the asian countries with their greater purchasing power.
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Unfortunately that's simply not how economics work, just because one country stops buying doesn't mean every other country can afford to take that countries market share, and even then that doesn't mean the producing country can necessarily take the loss of that market share for the period of time it will take them to work out new deals with other countries without severely increasing the price. And it doesn't help that certain of those countries, the ones that give the US 2/3rds of it's oil btw, are so economically dependent on certain US exports that an increase in price can cause them economic chaos, I am speaking, of course, of Canada and Mexico.
Although I could have just saved myself some time and pointed out that it's happened before, in 1920.
Either way, I'm fine with waiting until the day comes, or even nears, and seeing which one of us happens to be right, I won't hold it against you if it's not me.