It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Thank you.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by anotherdad
reply to post by badgerprints
Back to the original question though, would it be a bad thing or would it force us to build our country back up?
Originally posted by eldard
reply to post by anotherdad
A dollar collapse means less cocky and entitled Americans traveling abroad. So yes to dollar collapse.
Originally posted by EarthCitizen07
Originally posted by badgerprints
When the dollar reaches a point where it is cheaper to hire Americans than Mexicans, Indians, Chinese, Indonesians, Malasians and so forth to produce goods then the American companies that have exported all of our jobs might actually start producing in the states again.
They will fight it tooth and nail though.
And this is precisely why I hate capitalism.
Everythng is based around the employer, rather than the employee. It is based on greed and exploitation, the world over. Then we have the president talking tough on immigration as though it matters....what baloney!
Originally posted by anotherdad
reply to post by EarthCitizen07
You bring up valid points but, first off i do not want this to happen. Let me be clear on that.
To answer your other questions well..... (I dont know how to qoute on ATS so i am working off memory) The first few seemed to be dependant on borrowing. If there is no money their is nothing to borrow and kids not going to school will not be behind they will be the norm. And (from my memory the second half had to do with niceties not necesities? The nicesties got us into this as a people. IMO
Originally posted by liveandletlive
Originally posted by EarthCitizen07
Originally posted by badgerprints
When the dollar reaches a point where it is cheaper to hire Americans than Mexicans, Indians, Chinese, Indonesians, Malasians and so forth to produce goods then the American companies that have exported all of our jobs might actually start producing in the states again.
They will fight it tooth and nail though.
And this is precisely why I hate capitalism.
Everythng is based around the employer, rather than the employee. It is based on greed and exploitation, the world over. Then we have the president talking tough on immigration as though it matters....what baloney!
Try communism genius. Everything is based on...... my god, and I thought I was negative. You utopians, when you figure out your stupid and you shouldnt have supported socialist ideas, guess what, too late, your someones bitch! What are you, twelve?
Originally posted by badgerprints
Originally posted by anotherdad
reply to post by badgerprints
Back to the original question though, would it be a bad thing or would it force us to build our country back up?
That's hard to say.
Ultimately, if the dollar fails then the 'world currency' option will take front stage and we will be really screwed by manipulating idiots that want to subjugate US citizens to a world government. It will never ever be the same again.
If if the dollar just gets devalued to the point that America can't be relied on to police the planet, support a third of their population in government handouts, pay foriegn labor to produce everything, import everything and export virtually nothing then maybe.....just maybe, after a few decades of hard work we will be back in a decent position.
The problem is that a good portion of Americans live with their hands out crying for their entitlements and the politicians are promising more in return for votes. They won't want to put forth the effort it will take to turn this mess around.
Originally posted by anotherdad
reply to post by johnny2127
First off, no need to apolagize for disagreeing. I'm a big boy and for it. I do however want to bring up that my question was not short sighted you interpreted it that way( I think). I am asking whether or not in the long term it would be better. I agree with all/most of your points short term.
Inflation: because we produce so much off shores: Yes short term would be a huge issue but long term when forced to buy locally would it benefit us?
Layoofs/unemployment: We are almost there now with no solution to the problem.
Food shortages: Yes initially, but see #1.
Int rates rise: If nobody is borrowing and nobody wants to borring and nobody is lending what is the issue. I see short term it stagnates growth but, the question again is long term. To me Borrowing got us into this mess so a reprieve from that would help get us out.
Housing collapse: It will and is going to further collapse. Without jobs people cant pay their mortgage nor can they buy new homes. Don't let the recent spike fool you.
Credit collapse: See above, it's happening. OBTW new employers are also starting to look at credits reports to choose between applicants.
Civil unrest: I agree but hopefully it is issolated to those places who take instead of give. I still believe in the people as a whole to come together and help one another.
And with your last comments, I believe their is a very large population of the U.S. who does not (Have) to have money to be happy they would just alter their spending behavior and shift there priorities. I also have a "knowledge" of macro-economics and i disagree we do have the people, factories, and willingness to work along with the natural supplies to be self sufficent. The fact that we import (to me) is not because we can't provide for ourselfs it's that we try and provide so much to others. If America had to stand on it's own it could and has!
And you are right it would be ugly........................short term.