Posted on 10/16/2009 2:55:32 PM PDT by Kartographer
Trade wars could break out. Overexposed banks might collapse. And that's just for starters
(Excerpt) Read more at businessweek.com ...
Most people will only be able to afford White Lightning which I'll be supplying, ahem.
if you have fixed rate notes, I imagine it would be a good day. A one billion zimbabwe dollar would get me outta debt....
I thought we were heading towards the "Deso," the US version of the peso.
I meant that with a BIT of tongue in cheek
Who is “they”? Why would “they” introduce the “Amero”? Is that a combined currency for Canada, Mexico and the US? Do you actually think that Canada, whose currency is up over 20% against the US$ this year, would want to merge it’s currency? Do you think anyone in their right mind in the US would want any part of the Mexican currency? Where do you get this stuff?
(Let's call the whole thing off)
Like it or not, gold is inextricably tied to currencies, and currency is uncertain globally.
I’d buy durable goods and land. Shovels over gold any day.
Gold should be purchased as a preservation of wealth. Hell, even if gold falls to $300 an ounce, I will still be ahead.
Jerome Corsi, for one. Wrote a book about and was interviewed on the G. Gordon Liddy show this week. Explained exactly how they are devaluing the currency to speed this along.
Canada might want to freeze its loon at an advantage but the people of the United States might not be so happy. This is going to be like herding cats. Even with only three cats, it is not possible.
USA need to readjust to become more production focus while China need to readjust to become more consumer focus. In this case, USA will suffer more than China, because China is the one that can make stuff while USA do not. What improves our standard of living is STUFF
later
Obama will rescue the country with a new BIG Government Program.
Mark
“Junk silver, food, and ammo!!”
Excellent advice.
I think that depends, to a large degree, on how fast, how hard and how extensive the crash is.....and what people are willing to do to defend and hold onto their homes.
If it is gradual and somewhat ordered, the banks will come after your home and your car. If it is wide, fast and hard, there will be too many for them to go after. The other variable is how willing would homeowners be to physically refuse to leave their homes. Enough people get out their guns and say "we're not leaving", and the system will either come to a halt, or anarchy and open warfare will ensue.
I am of the opinion that since most of the current situation is due to government, none of us are morally obligated to give up anything to government run institutions. Indeed, none of us are morally obligated to pay federal taxes. We pay them under duress. Hand over your money or have your assets confiscated and be incarcerated.
I would much rather prefer that we tar and feather every last one of those who enabled such, but alas.
We rebuild.
Furthermore, a Canadian dollar that trades at par with the US dollar is not advantageous to Canada. Historically the Canadian economy does better when our dollar trades at a 10 to 20 cent discount. Think about it.
The Canadian dollar has done so well recently because we are a balanced economy with a ton on natural resources. We sell a lot of oil and other energy products to the US and others. Oil is up, so is the Canadian dollar. The weakness in the US dollar has translated, also, to a higher Canadian dollar.
Don't get me wrong. A weak US is not a boon for Canada. The opposite is true. We love to see a roaring US economy so we can sell you lots of manufactured goods and get you to visit our country and spend your money. I am afraid the next few years will not be so good for the US economy.
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