Jim Rogers - The Future of Asia and the Financial Crisis - 1 of 3
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@1XMarksSpot Yes, in theory that could happen. But here's a critical point that's easy to overlook. Why would the other countries do that? For example China, their relatively unscathed economy is in part largely due to the U.S. Although ditching the USD for another currency could sustain the other countries' economy (in theory), they would lose a valuable business partner. What I'm saying is, it's not solely about the U.S. dollar. It's what the U.S. as an entity represents.
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@77rxpharmacy All the other countries have to do is agree on a set date and time to dump their US dollar reserves, so only the US will suffer the most. The economics of other countries will suffer for a while, but they'll recover eventually.
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@1XMarksSpot So you think it will? What's unique about the global situation now is, every nation on Earth is struggling. If the U.S. fails, the whole world will. People often compare the Roman Empire with the U.S. but Rome's influence in the world cannot compare to the U.S. Back then the world didn't have a global economy like we do now. The fall of Rome did not impact other countries half way around the world (at least not profoundly).
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@77rxpharmacy Wishful thinking.
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The U.S. will not fail, at least not for another 500+ years.
You can't always predict the future based on past trends.
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@anthonypugliese1 made enough not to have to worry about using spell check I guess
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Exactly how many millions did you make over your investing career? Uh huh! (btw it's genius not geneous you genius spell check baby, spell check)
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man is not a geneuos, economics 101
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Jim Rogers is right on.
yushaos 2 years ago 8
because we watch too much television
WhoKilledRapMusik 1 year ago 2