Teachers and Students > Debates
If communism and Capitalism has failed to deliver, Should we look at the nazi.
elemis:
--- Quote from: astarmathsandphysics on June 24, 2010, 09:15:28 pm ---People will stop trading in dollars when they have no faith in it. That time is not far away.
--- End quote ---
Its not so easy. Everything is traded in dollars; oil, steel, gold etc.
The Dollar is the global currency. We are dependent on it and will continue to do so.
Once this crisis is over people will forget about it. Greed will overtake them all once more.
$tyli$h Executive:
--- Quote from: astarmathsandphysics on June 24, 2010, 08:47:25 pm ---The us economy will collapse anyway. Dont have any sympathy for them.
--- End quote ---
Ah, you just hate Americans! ::)
Eventually, ALL will prosper. Remember the great depression of 1929? What happened? Later, everything bounced back, everyone is so much richer than the pre recession levels of 1929! Stock markets got far higher than the pre recession levels!
ALL will prosper in the long run. America is on the verge of recovery and prosperity itself.
$tyli$h Executive:
--- Quote from: astarmathsandphysics on June 24, 2010, 09:15:28 pm ---People will stop trading in dollars when they have no faith in it. That time is not far away.
--- End quote ---
They cannot actually. Most countries trade in dollars. And China has its reserves in dollars itself.
elemis:
@stylish Exactly my thoughts. Its easy to say that the dollar will collapse, but EVERYTHING is valued ultimately in terms of US Dollars.
$tyli$h Executive:
Yes. I just read that if somebody has more than $6 million in assets-liabilities, he is in the top 1% of the world population. ;D
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