Quote:Got it .. .china wil lforeclose ... and take the land they have foreclosed on ? It works when an american based bank forecloses on a house located in america, they can toss the resident out and put another ... the chinese will have to hire us to do that ... we'll charge them for it. Much like a bank ...
The problem is that we won't be making the rules at that point, we will be starving and re-enacting scenes from Thunderdome. "Master/Blaster runs Barter Town!!!"
Quote:China is buying gold ... OK, and when did you eat gold last ?
Gold can buy a lot of food, looting only gets you shot eventually.
Quote:When Our money becomes worthless, china will be left without anything to sell us, cos we will only pay them in dollars ... so we will be making and selling things not buying them.
With what capital? Will be sell more bonds bcked by a worthless currency? The people like Romney, whom you refer to as a scumbag for being successful, are going to be broke. So, unless people will work for free, no new industry.
Quote:China isn't selling our bonds back into the market ... we will need a whole new line of politicians who will not let china buy any real items that can be transported out
If they allow it, which I doubt they will. All politicians have a price and you would be surprised at how many you can get for a few ounces of gold in an economic collapse.
Quote: ... if they want to buy a coal mine, we can let them do that but we will make them pay our miners as per our safety and rules.
They will tell us what our politicians what our rules are and the politicians will make it happen and we will be grateful for it. People will be starving and preying on each other, OSHA isn't going to have much of a say.
Quote: We also could impose an export tax on resources.
Only if they agree, which they won't.
Quote: So they can operate the mine, use our labor and follow our rules, sell the coal in the US, and if they transport it outside we charge them export taxes.
They will buy the mine via a shuttered bank for pennies, government will fast track the sale, collect their kickback and the serfs will grind to the bone.
Quote:The dollar is the worlds reserve currency ... There is avery very very small window of events where gold is valuable but the dollar is not. I dont think it will happen in the next 20 years. The euro is done, the yen is done ... these 2 were the 2 that were threatening to take that place. China may be growing ... but they are growing by selling to US. We stop buying they go dark. We start selling, they go dead.
The dollar is useful as long as we can back it up, once it collapses the world will drop it and it will be forgotten trivia that it was ever important. Fiat money is only as good as it is right now, the millisecond it becomes worthless something else takes it's place, after a civil war or world war, that is.
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