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when the economic collapse comes what country/countries will stand the best chance and maintain themselves the best from a economic stand point?
i heard Australia and New Zealand will stand the best chance.
North Korea, Zimbabwe, any Pacific island country. That is my guess.
Economically, the US isn't in that bad of shape comparatively. US companies are far more prosperous than ever. The US dominates in global companies. The reason it feels bad in the US is because of the corrupt government and weak/vanishing labor unions. They're corrupt in the sense they do what the wealthy and big companies want, which is to allow them to amass obscene amounts of wealth at the expense of the rest of the country. If Americans can get get their sh1t together and get organized, we can fix this, but most Americans believe the only way to change things is via the government, yet the government works on behalf of those who have no care for the vast majority of the population. Also, the odds a third party will ever win, and also win enough seats in congress and the senate to actually mean anything, are lower than the odds that the Chinese government will fall and become truly democratic.
Countries with the least corrupt governments, strongest democracies, and strong labor unions consistently rank among the best places to live, aside from the fact most are freezing cold in the winter and have small populations. Excluding Russia, I think this is not only cultural, but also due to the fact these governments don't want to see their already small populations flee to countries with much better weather. Germany is kind of in between and big enough to have plenty of good jobs.
corporate usa is thriving , different story for main street , luckily for corporations , they have such influence in washington and the media that joe tax payers appears always willing to sacrafice himself so apple or general electric dont have to
Both the first two countries have collapsed economies, with North Koreans heavily engaged in black market business anyway. The Pacific island nations are so isolated that I doubt an economic collapse will severely affect their economies, which are small. Most likely it would affect day to day life, but I don't see these changes as drastic as continental countries more integrated with their neighbors. That's just my guess again.
Both the first two countries have collapsed economies, with North Koreans heavily engaged in black market business anyway. The Pacific island nations are so isolated that I doubt an economic collapse will severely affect their economies, which are small. Most likely it would affect day to day life, but I don't see these changes as drastic as continental countries more integrated with their neighbors. That's just my guess again.
So here's the deal, people. The USD is on the verge of collapse. Why? You will not see this in mainstream media because it'll highlight US political agenda.
The Petrodollar system was a deal made back in the 1950's between the US and Saudi Arabia and OPEC countries, to sell oil exclusively in USD. The USD then became the global standard in oil trade. Every country has to use USD to buy oil. Back then, USD was linked to gold so could only print dollar for dollar they had of gold in reserve. Nixon in the 1970's unlinked the USD so they could print money without having any gold in reserve. Those who tried to trade in other currencies such as Iraq, Libya (and now Iran via Syria) have been dealt to in order to maintain USD dominance. All the wars, welfare and USD sent overseas for use by other countries were funded using USD (that doesn't exist in gold reserves). The Federal Reserve, a private company owned by a consortium of bankers from then to this day prints billions of USD a day to maintain demand. 2/3 of all USD exist outside of the US.
Recently, china started trading direct with iran for oil - NOT in USD. China are also building the largest oil refinery on earth - in Iran.
Now, if you have been watching the news, you will notice china has been aggressively negotiating currency swap deals with countries around the globe - Australia, South America, India, Russia, UK, etc. the objective, to cut out global dependence on USD - they are almost at a point of critical mass for being able to use global demand as leverage to negotiate with oil producers to trade in another currency and cut out the USD as the standard. This will reduce demand for the USD - so countries will start pushing USD back into the US. The influx will cause devaluation of the USD massive inflation, and in turn interest rate hikes that will turn their multi-trillion dollar derivative market to custard. That, is when the debt based US (and global) economy will collapse. Get ready, I would be surprised if it was more than a year or six months away.
Last edited by Cupcake1001; 07-09-2013 at 02:31 AM..
Reason: Adding more information
So here's the deal, people. The USD is on the verge of collapse. Why? You will not see this in mainstream media because it'll highlight the extent of US imperialism.
The Petrodollar system where back in the 1950's a deal negotiated between the US and Saudi Arabia and OPEC countries was agreed, to sell oil exclusively in USD. The USD then became the global standard in oil trade. Every country has to use USD to buy oil. Back then, USD was linked to gold so could only print dollar for dollar they had of gold in reserve. Nixon in the 1970's unlinked the USD so they could print money without having any gold in reserve. Those who tried to trade in other currencies such as Iraq, Libya (and now Iran via Syria) have been dealt to in order to maintain USD dominance. All the wars, welfare and USD sent overseas for use by other countries were funded by USD (that doesn't exist in gold reserves). The Federal Reserve, a private company owned by a consortium of bankers from then to this day prints billions of USD a day to maintain demand. 2/3 of all USD exist outside of the US.
Recently, china started trading direct with iran for oil - NOT in USD. China are also building the largest oil refinery on earth - in Iran.
Now, if you have been watching the news, you will notice china has been aggressively negotiating currency swap deals with countries around the globe - Australia, South America, India, Russia, UK, etc. the objective, to cut out global dependence on USD - they are almost at a point of critical mass for being able to use global demand as leverage to negotiate with oil producers to trade in another currency and cut out the USD as the standard. This will reduce demand for the USD - so countries will start pushing USD back into the US. The influx will cause massive deflation and that, is when the debt based US (and global) economy will collapse. Get ready, I would be surprised if it was more than a year or six months away.
Folks, I have to make a correction here: it was called the Bretton Woods System made after WWII when USD was first linked to gold and agreed as the currency for oil transaction - this was an agreement made between 44 allied nations. At that same time, the IMF and World Bank were created. It was only in the 1970's when the US made a direct agreement with OPEC in exchange for weapons and protection against Israel. That was when the USD was unlinked from gold and called the Petrodollar System.
Last edited by Cupcake1001; 07-09-2013 at 05:31 AM..
Help us Obi-Wan Bernanke, you're our only hope ...
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Thanks for the post.
