when the us dollar crashes | |
Anonymous Coward User ID: 13039567 United States 12/21/2012 01:37 AM Report Abusive Post Report Copyright Violation | |
Anonymous Coward User ID: 25085721 Australia 12/21/2012 01:39 AM Report Abusive Post Report Copyright Violation | |
SilverPatriot User ID: 10518597 United States 12/21/2012 02:15 AM Report Abusive Post Report Copyright Violation | the aussie dollar will be tradable for many many many us dollars something like Quoting: Anonymous Coward 25085721 10:1 at first then all the dramas will start 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. |
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Unixlike User ID: 35613456 United States 03/10/2013 10:39 AM Report Abusive Post Report Copyright Violation | 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. |