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Hope you all have your passports and go bags ready.
by inverted_flag 1y ago
Hope you all have your passports and go bags ready.
- qgin 1y agoWhere you planning to go? Hypothetically, if the US economy collapses, the whole world is coming down with them.
- dan_can_code 1y agoWhy do you say that?
- bognition 1y agoThe global economy is so interconnected and dependent on the US economy that if it were to fail it would cause global chaos. A contraction of growth by even a few percentage points will push most economies into a recession. Failure of the US economy will pull down other economies by a few percentage points. If this happened world wide there would be chaos.
- fakedang 1y agoFor a while. Then everyone dedollarizes and fights over which one should be the premier currency of trade.
- inverted_flag 1y agoNew Zealand As the other commentor notes, if other economies are sufficiently dedollarized, the damage will be limited, and global dedollarization has already begun.
- fatata123 1y ago[dead]
- trod1234 1y agoHypothetically, if the US economy collapses, the whole world is going down with them, and those that survive the socio-economic collapse (i.e. the first order producers with a defensible military), will be free to do as they please assuming the nuclear powers don't say, "fuck it" and blow everyone up as they lose control. The "If I can't have it no one else can", unthinkable insanity which all human beings are prone to given sufficient stress. Every end can be a beginning depending on how flexible your thinking is. The unfortunate part is, most people today have had evolutionary selective pressures towards narrow and brittle thinking. So a great many people will be left out in the cold along with everything that normally occurs in a Malthusian reversion with the caveats that Catton is likely more correct than Malthus in that regard.