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It can have a catastrophic effect on the web. Javascript validation would not be able to handle all the digits. I wonder how the Zimbabweans handled it? Seriou
by yannis 17y ago
It can have a catastrophic effect on the web. Javascript validation would not be able to handle all the digits. I wonder how the Zimbabweans handled it?
Seriously don't worry. It will have to adjust sometimes to reflect the real economy and the deficit. I lived in South Africa for quite a few years. At one stage the Rand halved its value almost overnight. (Big changes happen overnight) and lost more gradually over the years. It did not affect the 'buying power' in the country though. So unless you want to get up and go to Europe keep your money invested in the US. It is a great country and the economy has a tendency to re-adjust quickly. (By the way in Europe they worry similarly about the Euro).
If you have a lot of dollars under your pillow change some to Chinese Money. At worse you can go for a holiday there!
- rphlx 17y agoThe US is perhaps the most import-dependent nation on Earth. If the dollar drops in half, prices for many physical goods will basically double soon after, reducing buying power within the country, unless credit simultaneously expands 2X (which is what's been happening since ~2001 to maintain our illusion of wealth).
- yannis 17y agoAssuming the rest of the world will not react. The 'exporters' will have a problem and since now they will import less dollars their own currencies will re-adjust otherwise the US will start becoming an exporter of physical goods, industry will be re-vitalized and the cycle will be reversed.
- mpf62 17y agoWhat industry? That sector accounts for less than 20% of US-GDP. Besides that, if the dollar becomes worthless, how will your "industry" pay for raw materials that have to be imported? Of course, you can at least buy oil in dollars ... but what if that changes, too?