2007-02-20 10:55:10 · 5 answers · asked by Mr. USA 1 in Social Science ➔ Economics
Eat its losses and Buy Euros.. but not before getting HUGE trade sanctions that would dwarf our currect trade deficit. And make no mistake about it.. They will get it.. Cause we're a demand side society with no supply and few options.. The United States has painted itself into a corner from which it will not easily escape.
Think about it, if the dollar crashes theoretically, US goods are cheaper, but - we don't make anything anymore and its getting worse everyday.. We can't sell what we dont make and only a select handful of US Manfacturers will benefit.. Almost everyone else in the states including consumers will lose.. Cause the cost of foreign goods in the USA will be more expensive..
Its a frighteningly real scenario.
2007-02-22 23:36:36 · answer #1 · answered by Tom 5 · 0⤊ 0⤋
hmm last i knew they used Yuen so probably nothing lol. in the 90s the £ crashed too but now its one of the strongest if not the strongest. im sure america will have plenty of smart people to stop this from happeneing though
2007-02-20 20:41:07 · answer #2 · answered by frostyg02uk 5 · 0⤊ 1⤋
Probably bemoan the decrease in their Trillion Dollar stockpile of American money.
2007-02-20 18:59:37 · answer #3 · answered by Clown Knows 7 · 0⤊ 1⤋
They will steam roll our sorry asses back to the stone age, economically of course
2007-02-20 19:09:58 · answer #4 · answered by sd d 3 · 0⤊ 1⤋
Shoot the bankers.
2007-02-24 18:32:46 · answer #5 · answered by JimTO 2 · 0⤊ 0⤋