Loading ...Titanic, Facts do Matter, re Titanic Situation
(Mr.Copper) Jun 15, 23:12
I’m thinking, if there ever was an international financial calamity, (and I think one is unfolding) all countries would suffer at the start, but the US would end up handling it better than the rest. Probably even prospering as the dust settles.
Why do I think this way? If you consider the present world global economy the Titanic, (and the passengers are the various countries) and it’s sinking, what happens?
It turns into an ugly situation where “it’s every man (country) for himself”, like what’s starting to happen lately (re currency devaluations, tariffs low rates bubbles etc).
Now who do I think, is going to be the strongest swimmer? The United States of America.
Why do I think that? Because the US economy has been supporting, or helping numerous other countries economies, for decades. “So it’s in great condition”. Used to carrying heavy weights.
And if things reverted to “every man (country) for himself” (which is how I think the mess will unfold), then the US should prosper, without the excess weight, of the rest of the world, on its back.
We’ve been doing ok, WITH them hanging on our backs. Can you imagine how we’ll accelerate when we off load them entirely?
Can you imagine the Dollar being worthless against imported goods? The US would end up buying goods from itself? Boom city. Factories opening up in every neighborhood.
The way it has been, the US is the only country, on the planet, that can’t export to the United States.
It’s not fair, if you’re a (domestic) capitalist, but it is fair if you’re a an international capitalist.