What exporters ? Your Car Industry has been flushed away , all your light and heavy industries are a ghostly shadow of that which existed in the forties , the country imports Oil for the plastics bag making industry , needs 13 million undocumented workers in the farming , food and garment sectors industry , and basically 95% of the countries foreign income is derived from the 1998 DMCA !From all that one could say the country is in the s**tter and is just a matter of time before some one pulls the flusher !And as for the Armaments boys , they are totally reliant on cheap foreign parts to make things work as intended !
You're right...the collapse of the US economy would put a lot of pain on those countries that get a lot of business from US consumption. But Americans shouldn't use this logic to shrug off this threat...In Canada, we're dealing with the fact that we're losing export business (due to the strong Loonie), and as a result losing manufacturing jobs, etc. But that's a wake up call for us, and getting us to stop putting our eggs in one basket, and building better trade relationships with growing markets like China, India, etc.The US is in massive debt, which won't disappear if the markets crash. The US will have a lot more shattered pieces of their economy to pick up than most other countries if this does happen. Sure it will likely cause a massive global recession, but the result will be that the US won't be the economic superpower that it currently is. The playing field will begin to level out and the Great USA Empire will continue to melt down.I'm sure many average Americans don't realize how much of a problem their massive national "credit card" debt really is. It truly threatens their personal economic comfort. Things will be much more expensive for them.
luteslingerSep 21, 2007
Hey smart people the USA is under attack.
heystoopidSep 21, 2007
What exporters ? Your Car Industry has been flushed away , all your light and heavy industries are a ghostly shadow of that which existed in the forties , the country imports Oil for the plastics bag making industry , needs 13 million undocumented workers in the farming , food and garment sectors industry , and basically 95% of the countries foreign income is derived from the 1998 DMCA !From all that one could say the country is in the s**tter and is just a matter of time before some one pulls the flusher !And as for the Armaments boys , they are totally reliant on cheap foreign parts to make things work as intended !
roksixSep 21, 2007
It is 2 in the morning here and as of now, the US Dollar is now worth less then the Canadian Dollar.
arjungSep 21, 2007
dugg for "terra"
nonymous666Sep 21, 2007
Thanks, Sherlock.
dscomeauSep 21, 2007
You're right...the collapse of the US economy would put a lot of pain on those countries that get a lot of business from US consumption. But Americans shouldn't use this logic to shrug off this threat...In Canada, we're dealing with the fact that we're losing export business (due to the strong Loonie), and as a result losing manufacturing jobs, etc. But that's a wake up call for us, and getting us to stop putting our eggs in one basket, and building better trade relationships with growing markets like China, India, etc.The US is in massive debt, which won't disappear if the markets crash. The US will have a lot more shattered pieces of their economy to pick up than most other countries if this does happen. Sure it will likely cause a massive global recession, but the result will be that the US won't be the economic superpower that it currently is. The playing field will begin to level out and the Great USA Empire will continue to melt down.I'm sure many average Americans don't realize how much of a problem their massive national "credit card" debt really is. It truly threatens their personal economic comfort. Things will be much more expensive for them.