I’m no economist, but it seems to me that even if the rest of the world decided they had no interest in our dollars, we could still trade them inside the US. We can produce all our own food and energy (or at least we can with Obama out of the picture). Sure, we might not be able to buy the latest iPad from China, but we certainly shouldn’t end up like Weimar Germany. I think it would be a setback, but not the end. Perhaps I’m missing something.
No sir, you are not missing anything. Both for economics and possible biogifts, our household keeps a minimum 30 day supply, no one in or out.
If worst come to worst, similar supply of hard money might put me at the front of the line ahead of paper, however well intaglioed.
I suspect that when the Akerican who grows your food is faced with higher rices for that iPad he wants, that he’s going to raise his own prices as he can.