No, it's taking it one step further. Every Chinese family should adopt one American and bring it to their house, and they will have balanced trade. It is more environmental friendly too.Quote:
Originally Posted by Horn
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No, it's taking it one step further. Every Chinese family should adopt one American and bring it to their house, and they will have balanced trade. It is more environmental friendly too.Quote:
Originally Posted by Horn
The American or the adoption process?Quote:
Originally Posted by Neuro
Him/her seemed unnecessary with feminized men and women wearing the pants...Quote:
Originally Posted by Horn
If the validation of a dollar collapse is deflation reminiscent of the 1930s or inflation reminiscent of the 1970s, then it seems the dollar has already collapsed two times. Neither was a death blow to the USD.Quote:
Originally Posted by KenJackson
Put me down for a collapse as something dramatic, like reduction of the USD Index to below 50, or replacement with some new currency, or CPI-measured annual inflation rate (which underestimates inflation) in excess of 20%, or a 10% jump in bond rates within a year's time. Anything less than that is really just a continuation of the last 100 years, which has been the American Century.
I actually think that this is possible, but the timing would be in the 2020's, fueled by the crest of the Baby Boomer wave entering retirement and busting the Social Security and Medicare systems, requiring a massive inflationary response. That would also provide sufficient time for some other currency (like the yuan) to gain traction and international acceptance as a viable alternative.