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The more the economies of the world draw together in what is referred to as a global economy, the less credibility the rhetoric of this particular doom merchant has.

What he fails to see is at this particular time we are the key in the worlds economy. Should what he says happen it would drag the entire world down with us.

Since we are 24% of the entire worlds GDP what would happen should we stop producing and consuming, or if it even slows by 10%? What does the rest of the world do with the enormous excess of their production they will be stuck with when Americans stop buying it? what happens to the excess oil if we cut our imports to 40 million bbls fro it’s current 80+ million bbls? who buys it? The suppliers MUST sell it to maintain their own nations services. What will happen is the price will drop precipitously as it did in the late 90’s when oil was about $12.00 bbl.

Much is made of our debt and the fact we are depending on the rest of the world to finance it. Some say that Japan, China, Saudi Arabia et al may choose to sell our treasuries and put their cash elsewhere. To that end there is a saying that goes “If you owe the bank a million dollars you are in trouble, but if you owe the bank a billion dollars the bank is in trouble”. And so it is that the developed world is dependent on our continued viability that they can and will do nothing to cause us and in turn them to fail.

Economics aside there is also the question of safety. If and when the “stuff” truly hits the fan you will see the cash reserves of all nations literally pour into the dollar as they seek safety in the only nation that has any chance of being left standing in any possible conflagration of epic proportions.

Except, we have another problem thats due to collide with our country like nothing before. The Houston TX and the Louisianna petrochemical coast is going to be the next enormous target of Iran using proxies like Hamas, the Hezbullies and Al Queda.

Our entire nation is overdue for a cleaning. Until, we elect this racist dunce with criminal hate whitey sentiments the proxies won't do anything scary to make things look bad in the ME before the election. Nothing to cause enough fear that the nation would be inclined to elect a former naval aviator. Watch the news and see if we don't enjoy a phoney war.

you will see the cash reserves of all nations literally pour into the dollar as they seek safety in the only nation that has any chance of being left standing in any possible conflagration of epic proportions.

They will all run to U.S. market and be pancaked. Big money may all die in U.S. market. U.S. will drag others into economic disaster, and many other countries may fare worse than U.S. That does not mean that U.S. will be necessarily left standing. We could all go down. The difference would be whether it can be blown into fine bits or big chunks.