Kradmelder wrote:It seems to me the prognosis for the dollar is bad, but for the Euro worse. America no longer produces anything as they have outsourced primary industry and manufacturing. The main income generation now is sale of agricultural produce and potentially shale gas, and technology from the product of multinationals like Microsoft. Even still it has a negative balance of trade. More money goes out than comes in. Europe is worse as they have the negatives as the USA without as much as of the income streams.
China and Russia hold vast dollar and gold reserves. If they sell either they could collapse the dollar but it will destroy the value of their reserves as well.
If the world gets poorer, they can sell stuff to the USA and they will score because they get paid in dollars. But then it will be more expensive to buy US Goods. Stuff will be cheaper for yanks to buy, boosting foreign economies and killing of the US domestic economies even more. That means there must be constant downward pressure on the dollar so the world can afford to buy Mcdonalds coca-cola and Windows and to remain competitive. Or other currencies must appreciate, which is not happening.
Other pressures, especially europe, is an ageing and blackening population. That means less young white innovators and increasing tax burden for pensions and health. A mosque, kebab stand, curry den, and darkie buskers with jungle music will not contribute to the tax burden nor is it an export commodity. In the USA, will a brown majority create the stuff the USA sells? i doubt it. Picking lettuce and flipping burgers will not keep the innovation edge. Besides, jew spies keep funneling off the technology to Israel, then they sell it.
SA, the main income is mineral commodities, agricultural produce, and skills and technology to the rest of africa. As long as the white man remains to produce such things, the nation can survive. Get rid of whitey and you have another african shit hole. The same applies in the USA except the main commodities sold by the USA are likely IT related, and depends on whites and probably asians (the 'whiter' asians from the north of asia, not the brown ones). Let the whites be smothered by brown people (in which case the asian minority is also done for), and the main source of the national income stream is done for. In addition, young whites and asians doing the innovation could easily take their computers and bugger off and innovate elsewhere. Given the trends in the USA, is this not inevitable? What would they sell then? That shit pop and rock music and hebrewwood smut?
This doesn't mean a crash will come soon, just a long slow decline.
Most of what you say is right but the US imports a majority of its food products (excluding GMO foods produced by the factory farms). When I go to a store many canned fish, fruits, vegetables, canned fruits, some fresh fish, tree nuts, and even half the cookies and crackers and bread sticks, most of the pasta, and about half of everything edible is imported, farmed in another country, or caught in/by another country then imported to America.
Even if a food product is made in America, some of the ingredients can be imported. Like Chocolate for example.
Europe still has numerous farms.
So if the dollar collapses and food imports stop, tens of millions of Americans will starve. If the Euro collapses, Europe still has many many farms.