Warning to expats

[Soi biker]

 

Ozpharlap

 

You are right, it will not be the end of the world. But the US dollar is the world reserve currency. I can not give an exact number but a huge amount of global business transactions are done in USD. The global financial structure is based on the USD. When the Fed prints money sooner or later it shows up as inflation in Egypt, Greece, China or Thailand etc.. The economy is much, much more global than in the 1930's. And there is much, much more debt floating around the world in it's various forms than in the 1930. There is also a huge over the counter unregulated derivative market now. Some people say world wide derivative market is 200 trillion dollars. Talk about counter party risk that is huge. That is why I say have gold or silver bullion in your fat little hands. No counter party risk, like you have in debt backed currencies.

 

 

 

[kamui]

What I don't understand is why is it the conception that if the USA fails as an economic power, the rest of the world does ... the great depression was not a world wide event ... nor will the demise of the USA as an economic power result in the end of the world

 

Come on, have you forgotten 2008? The problem was first a home made disaster, which soon spread all over the world since today's financial system covers like a fungus rhizome the whole planet.

[cavanami]

With the US Dollar as the world's reserve currency, all countries must buy and hold US Dollars. This is a huge plus to the USA. Oil, gold, whatever is priced and paid for in US Dollars.

 

*** When *** the US dollar is no longer the world's currency, the dollar will go into the toilet like you cannot imagine, IMO.

 

[ozpharlap]

What I don't understand is why is it the conception that if the USA fails as an economic power' date=' the rest of the world does ... the great depression was not a world wide event ... nor will the demise of the USA as an economic power result in the end of the world [/quote']

 

Come on, have you forgotten 2008? The problem was first a home made disaster, which soon spread all over the world since today's financial system covers like a fungus rhizome the whole planet.

Come on, it did not effect Australia one iota, nor New Zealand (and that country is a minnow (no offence Coss))

 

England and the USA caused their own problems, and there is this attitude that every country is suppose to be an economic power house when in fact, and always, they never were ... most Asian countries are chugging along

[blueeyes]

Buy gold when it is tradeing at over $1,500.00 US?No way.Sell yes but not buy.

[Coss]

Come on, it did not effect Australia one iota, nor New Zealand (and that country is a minnow (no offence Coss))

 

Yes, NZ should become another state of Australia.

 

Aus banks own the NZ banks.

 

But Rugby? well.....

[ozpharlap]

Granted, NZ can play Rugby Union, and starting to match it with Oz in the real game, Rugby League, but Coss, how many world cups have NZ won

[Coss]

True, but League is for those, for whom thinking, is more of an effort than playing the game.

 

Which explains why, when Kiwis migrate to Aus, they raise the average IQ of both countries

 

Meant in the most loving and caring way, of course

[simie]

True, but League is for those, for whom thinking, is more of an effort than playing the game.

 

Which explains why, when Kiwis migrate to Aus, they raise the average IQ of both countries

 

Meant in the most loving and caring way, of course

 

Simie

[simie]

Granted, NZ can play Rugby Union, and starting to match it with Oz in the real game, Rugby League, but Coss, how many world cups have NZ won

 

And who beat the Aussies in the last two world cups?

Simie.