The Vulnerability Of the US Economy? (hell, America, sunday)

[Sunstone]

From Dharmavidya:

There are Sunday papers in the common room. The Lebanon war goes on. The pound is rising and the dollar falling - as a Brit in N. America I am getting richer. Actually the vulnerability of the US economy given the vast extent of its deficits is an important hidden factor in current affairs. If the descent of the dollar escalates there will be a formidable international monetary crisis and really it seems only a matter of time before it happens. America has got used to living on tick and those who underwrite it - like China - cannot afford to stop playing the game because they now hold so many dollars that they cannot afford to see become worthless. The whole thing is madness, however. For the US to get out of deficit would require unthinkable economic and political shifts here but for it not to do so is like being on a slippery slope. Sooner or later balance will be lost and all will come crashing down.

http://amidatrust.typepad.com/dharma...ability_o.html

What do you suppose would happen in the US if the economy crashes?

Would we be headed for dictatorship?

Would some groups be made scapegoats for the collapse?

Do you think the economy will indeed collapse?

[Ryan2065]

Originally Posted by Sunstone

What do you suppose would happen in the US if the economy crashes?

Many people would cry.

Originally Posted by Sunstone

Would we be headed for dictatorship?

Just because the economy crashes doesn't necessarily mean the government will collapse... I don't think the government would really collapse. I would say our country would split in two before the whole government collapsed and moved to a dictatorship.

Originally Posted by Sunstone

Would some groups be made scapegoats for the collapse?

There always are scapegoats.

Originally Posted by Sunstone

Do you think the economy will indeed collapse?

Not at all... I don't think the US is in as bad of shape as most people think.

[angellous_evangellous]

Originally Posted by Sunstone

Would some groups be made scapegoats for the collapse?

Conspiracy theorists.

[almifkhar]

if this modern economy crashes, it's effects will be felt world wide.

for america, it will destroy us no question. this is a welfare state and when the government is not able to give out those checks and food stamps, and when the banks start calling in their iou's, all hell will break lose. look how they acted in new orleans! just amplify that by 10-20 and that will be the entire country. martial law will end up being the law of the land and i hate to think what would happen next.

we are in a dictorship right now yet most don't see it. i think that if the economy crashes, it will destroy this land.