[quote]rainjack wrote:
orion wrote:
rainjack wrote:
orion wrote:
rainjack wrote:
orion wrote:
rainjack wrote:
lixy wrote:
Future? What future?
Good God, you ignorant cunt. If it weren’t for the US trade imbalance, the rest of the world would have nothing. Like it or not - we pull the world’s economic train.
Wait, if the Americans would not consume the goods, that the people producing them could otherwise consume themselves, the rest of the world would have less, even nothing?
Interesting.
How does that work?
You need to go back and think a little harder. The answer is almost to where you can reach it - just try a little harder.
Obviously it is beyond my limited capacity of understanding.
But, out of the sheer kindness of your heart, I am sure that you would not let me stumble through the dark if you already knew the answer.
Your first mistake is assuming that I have a heart.
But I will give you a hint. The world economy is not a zero-sum game.
And that leads to people would have less if they did not sell to you in exchange for IOU´s how?
I’m pretty sure businesses don’t take IOU’s. I know China won’t sell ANYTHING to me on credit. Cash on the barrel head is the only way I can do business with them. No one is forcing other countries to buy our debt - the fact is, our debt is the safest investment on the planet.
If we stop buying shit, other countries stop making as much shit. You make less shit, you have less money. You have less money, and you buy less shit.
Connect the dots, slick. [/quote]
I will, just for you.
American debt is one of the worst of the world, the dollar constantly loses value and will continue to do so long as you have a trade deficit.
Sooner or later the bubble will burst and America will tumble into a recession. This time, a real one.
There would be a short crisis, because now India and China produce for American consumer preferences.
They will then start to produce for their ever growing home markets. 2 billion people that actually pay in cash are a huge market to explore.
Then, they will simply consume the amount you consume for them now, and no one will miss you.
When exactly?
I don´t know, when the Chinese government stops sucking your debt from the market like a giant vacuum cleaner.
Then it will happen very, very fast, while Bloomberg TV will still broadcast that the world cannot exist if the US does not take the cream of the top.
We´ll see in the next ten years anyway, but put at least some money into EUR or CHF investments. Considering what´s the best and what is the worst that could happen this way and that you have a family to take care of, that should make sense to you.