In the meantime, though, i'd suggest buying stock in companies that had large retail establishments on the Canadian and Mexican sides of the border.
I'd also suggest buying up pesos, since the dollar would become next to worthless.
Back up your statement with facts and evidence that the institution of the NRST would cause a "huge recession."
I'd also suggest buying up pesos, since the dollar would become next to worthless.
Again, where is your facts and evidence to back up your claim the US Dollar would become worthless.
Have you ever seen the Simpsons when Bart uses Homer's credit card to purchase a $300 item? The item is a complete waste and he makes the $300 back in cash to give to Homer. When Bart tells Homer that he lost $300 on his credit card to Bart's poor decision he is infuriated. But when Bart tells him that he made it back in cash, and hands it to Homer, Homer immediately shouts with joy at this "newly" discovered $300 that he is in possession of and runs out of the house to go spend it.
Call me cynical, but I do not think that the average consumer's response will differ greatly from this. There will not be a "recession" bomb from lower spending.
You really have a firm grasp on nothing don't you. Hold tight to it so nobody takes it from you.
Please explain how this is possible or likely to happen. If consumers have more money in their pocket and prices are the same or lower, why will everything go to hell in a handbasket?