Riots? Martial law? Will manufacturing return to America?
I think that in the long term, manufacturing will return to the US. You’ve already got a tradition of education and technical skill.
But it’s going to take some time to build up the infrastructure.
And this is, of course, assuming that oil doesn’t become scarce and that long-distance trade remains competitive.
I suspect that it’s quite likely that a lot of the new manufacturing will emerge for for local markets, not that people in Europe will suddenly be offshoring their stuff to Schenectady instead of Wuhan.
Fire and brimstone coming down from the skies. Rivers and seas boiling.
Forty years of darkness. Earthquakes, volcanoes…
The dead rising from the grave.
Human sacrifice, dogs and cats living together - mass hysteria.
I want a second opinion from Mike the Archbishop.
Define “tanks.” Has it tanked already? Where do you see it stopping? Frankly, I’m still trying to figure out exactly what the often-tested support level of eighty on the US Dollar index really means. It’s gone as low as 78.5 today. I thought anything below eighty was supposed to trigger a massive sell-off and a headlong plunge, but it hasn’t quite happened yet. I’m guessing it won’t, as most national economies still have too much wrapped up in the US economy and US currency to want to see the dollar tank in the way I think you mean.
When they run out of money, they print more. That’s why we got off the gold standard.
I’m serious.
Basically we’ll give up on this whole civilization fad and go back to being hunters and gatherers.
-XT
Oh, hunting and gathering, excuse me!
Filter-feeding the primordial ooze not good enough for you fancy types, eh?
To answer seriously, I think the to € is at a record low and that few investors outside the U.S. is betting on the . They want to see what happens in real estate.
Since I’m not there, I can’t tell what the effects are. Over here, it means American made stuff is a lot cheaper.
My grandpa had a dollar tank. When he died, my dad got it. Mom didn’t know how to take care of it, and the tank rusted out while Pop was in Europe during WWII. He had to scrap the thing, and he started keeping his dollars in banks. Today, hardly anyone keeps dollars in tanks, and the dollar tank industry evaporated in the mid 1950s.
I think it was around 1986 or so, when the British pound hit $2.00. It was the result of overspending here, and a huge budget deficit. One question I have: are the Chinese going to raise prices through the roof? That would cut thier trade down drastically!
That’s great, it starts with an earthquake, birds and snakes, an aeroplane.
Lenny Bruce is not afraid.
Just today the Canadian dollar hit parity with its U.S. counterpart for the first time in 31 years.
I’m not especially pleased.
Seriously! I mean, how am I supposed to do the patented old-joke “What is that, $1.50 American?” when the dollars are at PAR, dammit?!
:dubious:
Uh, yeah, but we aren’t running out of money, our money is losing value, not disappearing.
Actually, I just looked in my desk for some change for sodas and…its gone. Maybe the money IS disappearing!!! :eek:
-XT
Not me; I’m gonna organize a horde and take up pillaging.
All the people who didn’t make bad loans, overextend themselves, engage in unwise speculation or destroy perfectly good companies just to please overdemanding stockholders will suffer just as much, if not more, than those who did. Why we don’t take every one of these bad actors out in the street and slit their throats from ear to ear is beyond me.
Kidding…
I may take up delivering mail.
Yeah, but how much value is it going to lose? Will we reach the point where it takes a wheelbarrow full of high denomination bills to buy a loaf of bread? Yeah, I know I’m indulging myself in some hyperbole there. I doubt it’ll get as bad as Germany between the wars, but I can’t help thinking we’re about to pass an important milepost. If we haven’t already.