Worst drop EVER: US economy plunges over 31% in second quarter

[Nasr]

If the US economy collapses you can kiss Europe goodbye too, and that means the Middles East and China would go down too because Oil exports from the middle east would fall, no foreign tourists and investors anymore and China is an export oriented economy so if the US and EU go down, China would too.

China and Russia have put in mechanisms to withstand the tsunami that would wipe out those countries' economies that are dependant on the U.S Dollar, U.S Treasury Bonds and the Petrodollar. Countries that hold american sovereign debt, will be hit the hardest. While those countries, who cut off all american dollar from their trade and instead used currency swaps for trade. Those countries will be well placed to withstand the domino effect of the american economic collapse.

Russia and China have been steadily building a massive Gold Reserve. They are far too disconnected from the american dollar, western economic bloc due to sanctions and trade wars. These countries would survive the main crash and the ripples which would follow after.

 

[AViet]

If the US economy collapses you can kiss Europe goodbye too, and that means the Middles East and China would go down too because Oil exports from the middle east would fall, no foreign tourists and investors anymore and China is an export oriented economy so if the US and EU go down, China would too.

It does not happen overnight, but will last for decades.

 

[Globenim]

Chinese economy grows 6% instead of 7% in the previous year
Hindutva trolls: CHINA COLLAPSE CHINA COLLAPSE CHINA COLLAPSE

US economy drops 10%
Hindutva trolls: lol another America collapse thread!

US economy drops 32%
Hindutva trolls: lol another America collapse thread!

 

[Menthol]

If there's a problem in USA economy, other countries will get the trouble.

As usual, USA is going to export their problems to other countries.

Poor third world countries will suffer more as they are always not well prepared.

 

[Nasr]

What happens to CHinese debt than??

What do you think China, Russia, Venezuela and Iran have been doing these past years? They have been liquidating all their american debt (where america owes them) and de-dollarizing their economies. All the while they have been building up massive gold reserves and poised for the inevitable collapse of the U.S Dollar.

 

[Nasr]

RT is a biased source. Dollar may lose its reserve status causing some hardships but USA economy will not collapse. Not much to discuss here.

Like CNN, BBC, CNBC, FOX and SKY are a bunch of benevolent angels that have come down from heaven to tell humanity the truth of all things. Please, spare me your garbage talk. At least RT has the balls to claim openly that it is funded by the Russian Government. Unlike the liars and scumbags who have been proven to be running their mouths for the State Department, the Pentagon and the british government.

 

[Crystal-Clear]

The only source of happiness for "those who have never reached and can never reach the top" is "hoping & waiting for the downfall of those who have reached the top".

Unsurprisingly, these same people can do a "comparison of Manalgayaan with a camera" perhaps because they "cannot make even a camera forget about Mars orbiter"?

we could buy and assemble it here just like our neighbour .

 

[FuturePAF]

Don’t count the US out. Healthy demographics and still the reserve currency of the world, America will be just fine.

Europe will decline due to demographics and economics.

China could go either way. It needs to build up friendly markets in developing countries through One Belt One Road (its needs an additional total of $10-20 trillion dollar economies to supply; a build up rest of Asia, Africa, and Latin America) because China has a lot of industrial output it needs to sell or it will grow old before it grows rich. GDP Per capita is only 1/6 that of the US.

 

[8888888888888]

Trump is a failure

 

[The Accountant]

Don’t count the US out. Healthy demographics and still the reserve currency of the world, America will be just fine.

Europe will decline due to demographics and economics.

China could go either way. It needs to build up friendly markets in developing countries through One Belt One Road (its needs an additional total of $10-20 trillion dollar economies to supply; a build up rest of Asia, Africa, and Latin America) because China has a lot of industrial output it needs to sell or it will grow old before it grows rich. GDP Per capita is only 1/6 that of the US.

The biggest USA strength is world reserve currency status. However, with reckless approach and too many enemies this status is also a question in long run. in long run (a decade or longer) depending on the outcome of trade war people will start moving away from Dollar (If china comes on the top in trade war). Right now USA has used its sole power position too much and now most of the countries want to get rid of bullying.

 

[Beast]

If the US economy collapses you can kiss Europe goodbye too, and that means the Middles East and China would go down too because Oil exports from the middle east would fall, no foreign tourists and investors anymore and China is an export oriented economy so if the US and EU go down, China would too.

Lol.. China don't depend on US single market. China largest trading partner is ASEAN and EU market buys more Chinese products. The last decades global of growth is driven by China. If u think Chinese are poor. Take a look at survey who provide largest pool of tourist and has some of the most spending power.

If seems like u still lives in your frog well and never step out of the world for past decade.

 

[IsThisNameAvailable]

we could buy and assemble it here just like our neighbour .

yes; we all COULD do lot of things. Almost everything actually.

 

[Nasr]

Dollar going down regardless of who's elected US president – Peter Schiff

Published: 2 Oct 2020

The US currency was “the mirror image” of precious metals, such as gold and silver, as well as equities in the third quarter of this year, according to veteran stockbroker Peter Schiff.

He pointed out in his podcast that the greenback was up on the month in September, but down on the quarter. The dollar index gained nearly two percent in September but ended down just over 3.5 percent on the quarter, Schiff said.

The CEO of the Euro Pacific Capital projected that “there could be a lot of fireworks in the fourth quarter,” explaining: “I think it can be a particularly negative quarter for the dollar — maybe even for the bond market as well, and the stock market.”

According to the economist, the dollar index could decline in 2021. “And if it doesn’t happen in 2021, well, then it may happen in 2022. But ultimately, I think the dollar index could go a lot lower than 60. I wouldn’t be surprised to see it down at 40. I think there is tremendous downside risk.”

Schiff went on: “I think the dollar is going to go down regardless of who the next president is and which party controls Congress. I mean, that should be abundantly clear based on the debate.”

He also noted that a Biden win would also be more negative for stocks given that the Democratic Party nominee is promising to raise corporate taxes.

Dollar going down regardless of who's elected US president – Peter Schiff

Dollar going down regardless of who's elected US president – Peter Schiff

www.rt.com

 

[gulli]

What do you think China, Russia, Venezuela and Iran have been doing these past years? They have been liquidating all their american debt (where america owes them) and de-dollarizing their economies. All the while they have been building up massive gold reserves and poised for the inevitable collapse of the U.S Dollar.

Thanks for the explanation

 

[blueazure]

RT is a biased source. Dollar may lose its reserve status causing some hardships but USA economy will not collapse. Not much to discuss here.

hmmm

much the same was said about the soviet union as late as 1988


1. soviet union is too mighty

2. it can never end

3. the way of doing things will stay like this


then , one fine morning, 22 states were declaring independence

its actually quiet surprising/ frightening how fast empires crumble