normal35762 Member since Oct 20th 2004 13246 posts
Wed Jun-24-15 06:27 PM
"Scenario. The US economy crashes HOARD!! Questions."
On some Duke Bros at the end of Trading Places meets the 1930's folks trading in gold watches for food era. Questions...
1. Would the US lose it's immigration/land of opportunity appeal? If so by alot? Or would people still come here hoping things would get better?
2. Would alot of immigrants who came here try and pack up and leave?W Would there be a reverse brain drain? What would happen in a country if hella immigrants tried to come back home?
3. Would the US lose it's tourist appeal internationally or would people still come because it would be cheaper to visit?
4. Would a US economy in rubbles benefit any other nation or is errybody gonna feel it hoard too?
3. "during 08 meltdown, rumor was that putin asked china" In response to Reply # 0
if they wanted to stick the knife in further
basically recall all the debt and completely pull the rug out
or maybe he was less suggesting and just flat asking them to do it
anyway world economy is too intertwined. air will seep out the USA balloon UK style... taking 100 years and nobody noticing for the 1st 40
but if somehow US flashcrashed, itd have to last for ~10+ yrs for any migration impact
reverse brain drain, sure why not. portuguese are now immigrating to angola and other former colonies cuz they shtt the bed in their home country economy
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bunda <-.-> ^_^ \^0^/ get busy living, or get busy dying.
4. "Recall the debt how?" In response to Reply # 3
A few things. First, on a relative scale, China owns very little US debt.
There is about $18 trillion is US debt out there, most of it held domestically (Fed Reserve, Social Security, etc.) China owns $1.2 trillion (Japan also holds about the same amount).
It is in China's best interests to hold that sizable amount of debt in order to keep the value of its currency low and keep its trade advantage. If they reduce the amount of US debt they hold, their currency will appreciate and their export based economy will suffer.
Second, US debt isn't something that can just be recalled on a whim. Holders of the debt can not force repayment until the bonds mature. The worst China could do is stop buying US debt, but they wouldn't want to do that (especially back in 2008) due to point #1.
5. "It would suck because I'm black..." In response to Reply # 0
>On some Duke Bros at the end of Trading Places meets the >1930's folks trading in gold watches for food era. >Questions...
And they already on some 1800's racist mentality imagine what happens/would've happened if we hit a depression under Obama...
> > 1. Would the US lose it's immigration/land of opportunity >appeal? If so by alot? Or would people still come here hoping >things would get better?
We lost that at the start of the recession.
> >2. Would alot of immigrants who came here try and pack up and >leave?W Would there be a reverse brain drain? What would >happen in a country if hella immigrants tried to come back >home?
No, they wouldn't leave because they're a part of America now. The new transplants would consider it. If another country offers a better deal and quality of life then people will leave in droves.
I've always wondered what would happen if the Cuban refugees in Miami decided to go back to either retake their country once Castro died or just because America wasn't for them. They'd probably be executed or shunned for an extensive period of time. Everyone else would be okay.
> >3. Would the US lose it's tourist appeal internationally or >would people still come because it would be cheaper to visit?
It would be a tourist destination for people trying to speculate on land. > > >4. Would a US economy in rubbles benefit any other nation or >is errybody gonna feel it hoard too?
China would become our overlords. China benefits as does any country with a stash of money. Imagine someone in the BRIC would come through and just own parts of America. Russia would be first in line.
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