Quote:
Originally Posted by lendaddy
I asked:
"There is no global enforcing body, China doesn't own us in the least. They expect and pray we honor their investments.
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actually , the global enforcing body is called the free market
on the free market, your currency is what gives you strength
if your currency turns to mush
then so does your strenght
the US has had a historical superior currency due to WW2, lend-lease, control of the blanc cheque oil/dollar thingie, superior production capacity and so on
superior production capacity... gone
oil/dollar thing ... soon to be gone
how do you think it will work out, if the oil becomes disconnected from the oil?
here's a few hints
you will be paying some serious moolah for the gas in your car
perhaps you'll end up with prices like we have in Europe now
difference being, we in Europe, might actually see our gas prices go down from what they are now, and we are actually used to them, while the average American get's depressed just thinking about those kinds of prices
how good is your public transport?? NYC i think is fine, Chicago, Boston too
but how about SoCal? FL? the rest?
US still relies mostly on road transport for goods
not so good when gas prices go that high, you'll need a lot of rail transportation, in a dense network to overcome that
it goes well beyond gas in your car, anything you want to buy, becomes hugely expensive, since most companies produce it where labor is cheap
China doesn't need you to actually pay back what you loan, to reap the benefits of what the US owes it, on the contrary, the more you owe them, the more they own you... businesses can be bought for cheaps, goods, resources... whoever owes a lot, has no strong arm in the world market
the US has had the strong arm for the last 50 or so years, but at this rate, that strong arm will turn to jelly
the only thing y'all will have left, is military power
what do you suggest? take what you want by force?
Do you think China will just give in under threat? Russia? Iran? or even Europe?
think about it , military force,is nothing if there's no moral ground from which to use it...
economic force has been the ideal tool to actually force things without morals... but the US is bleeding, draining via Afghanistan and I-wreck
if the dollar crashes completely, then you'll be either poor, or waging offensive war, which might just as well be the end... either way, it's going to suck
Bush and the ADD crew in the WH , are giving it away, i'm sure they'll have enough wealth built up to kick back at the ranch while everybody else in the future will be busy "taking one for the team"