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Old 02-14-2013, 08:20 AM   #46
Burgz V2
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Default Re: Jeff Berwick -Get Far Away From The U.S... Collapse Will Be Messy

Originally Posted by MMM
Which is why countries are trying to diversify from the US. Not sure how successful that strategy will be but you can see in Canada that they are aggressively seeking trade deals in Asia and Europe for new markets because of the lack of confidence in America's economy. With that being said I think if worse came to worst multinationals/china other foreign powers would attempt to bail out the American economy.

Canada has been doing this for the past few years. They've been aggressively creating a business friendly climate for Chinese investors in Western Canada (oil sands, resource extraction).

However, I don't think any country can really fully diversify themselves from US economic influence. The global economy has become more and more intertwined. We saw it in 2008, some countries that had very little to do with the US suffered from the after shocks of the financial crisis.

I think this has created a fragility in the sense that if one major player (like the US) goes down, they take everyone down with them.

They could always start a war. That's a great way to boost their economy, they've been doing it for the past 80 years anyway
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Old 02-16-2013, 11:48 PM   #47
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Default Re: Jeff Berwick -Get Far Away From The U.S... Collapse Will Be Messy

Originally Posted by n00bie
So you're saying that these "endless loans" will keep our economy afloat forever?? Loans are not free, there's interest on them, which is where our tax $ will be going. You must be the typical guy who has 20 credit cards, and multiple loans thinking the banks are giving you free money.

they will keep them afloat for the time being. Countries like China cannot afford to lose their largest customer base, nor can Canada or the EU or anyone.

if the US goes in the tank the entire world does, so the idea that the US will falter massively without every possible interventionist tactic applied first is a fallacy.
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Old 02-17-2013, 02:42 AM   #48
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Default Re: Jeff Berwick -Get Far Away From The U.S... Collapse Will Be Messy

OMGZ everyone head for the hills! Its over!! We're going down! We'll be the Congo by next tuesday everyone liquidate your assets and flee to other countries!!1!!!

I hear they're gona tear down all the major cities and put up tents and shantytowns in their place!! They're gona stop importing food too!! We're all gona die!!! Electricity being shut off nationwide is imminent!!! America is finished everyone abandon ship!!!

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