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when the us dollar crashes

 
ozo
User ID: 30474665
Australia
12/21/2012 01:33 AM
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when the us dollar crashes
does anyone here know what will happen to australia when the us dollar crashes like hyper inflation, price of fuel and other living cost
Anonymous Coward
User ID: 13039567
United States
12/21/2012 01:37 AM
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Re: when the us dollar crashes
I'd imagine the whole world would tumble.
Anonymous Coward
User ID: 25085721
Australia
12/21/2012 01:39 AM
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Re: when the us dollar crashes
the aussie dollar will be tradable for many many many us dollars something like

10:1

at first then all the dramas will start
SilverPatriot

User ID: 10518597
United States
12/21/2012 02:15 AM

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Re: when the us dollar crashes
the aussie dollar will be tradable for many many many us dollars something like

10:1

at first then all the dramas will start
 Quoting: Anonymous Coward 25085721


Wishful thinking on your part as all economies are intertwined and if one falters so will the rest as a countries economic growth depends upon a counties ability to provide exportable goods along with a countries ability to purchase another countries goods.
Anonymous Coward
User ID: 19042163
Australia
12/21/2012 02:19 AM
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Re: when the us dollar crashes
All those gold bars people bought will be as useful as so many yellow chunks of SHIT..as NO one will part with their food for ANY price..let alone a chunk of rather useless metal.
Anonymous Coward
User ID: 35416865
United States
03/10/2013 10:31 AM
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Re: when the us dollar crashes
Bitcoin is popping as the dollar weakens
Unixlike

User ID: 35613456
United States
03/10/2013 10:39 AM
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Re: when the us dollar crashes
I would think the Au dollar would fall, too. Much of the strength of the Australian dollar comes from exports to China, much of whose exports supply the US and Europe. It'll be a domino effect and nobody will escape it.

I think ultimate reslience will be found in the ability for countries to fend for themselves. China is a net food importer as is Russia. The US is by far the biggest food producer in the world. I have no idea how Australia fares in food production.

When it comes to energy the US would do very well. In a depressed economy our demand for fuel would drop enough that domestic sources would supply us. Domestic production has been rising at a rate that if it continues would make us oil independent in a couple of decades anyway. Natural gas is so plentiful here that that would be no concern. We hold the largest coal reserves in the world.

In a depressed economy there is really nothing the US needs that it doesn't already have.

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