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.

AnimeJunky

This is our governments fault.Freakin raising the price of everything and paying a meager $5.85 an hour minimum wage(At least where I live).How the hell do the expect people to live?

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luluthedarknight

ya but if our economy crashes along with our dollar alot of the Asian countries will suffer since we consume most our products from them. They wont gain anymore power because they will lose the steady amount of money that they obtain from America.

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karek

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.

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Light

Its not just the U.S.A thats going to a recession, but the UK is aswell.

Just thought I would mention that lol.

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Thanks for the sig Autumn

Redskin350

well everyone has their own beliefs on how the economics works so I will just stick to my plan and put my money in China and India and when they become and economic powerhouse I will be rich if not I wont be losing much

Harry MacDougall

Here Ill let you all know what I think AMERICA IS FU(K3D.....and for all the people in england the pound is kicking ass good for you guys man, right about now wish I lived there

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Benawolnow

I think we are already in a recession o..o we as in usa.

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Furanshisu917

just to remind u that America is very important in the economy. when the trade centre was hit, exchange rates, trade rates, things in the economy all over the world plummeted through the floor.

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