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A comment on Ask HN: When or if do you think the dollar will collapse?. Parent comment

Re:Ask HN: When or if do you think the dollar will collapse? by rphlx on Saturday October 10, 2009 @05:58PM (#873918)
The US is perhaps the most import-dependent nation on Earth. If the dollar drops in half, prices for many physical goods will basically double soon after, reducing buying power within the country, unless credit simultaneously expands 2X (which is what's been happening since ~2001 to maintain our illusion of wealth).
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Re:Ask HN: When or if do you think the dollar will collapse? by yannis on Sunday October 11, 2009 @12:36AM (#874307)
Assuming the rest of the world will not react. The 'exporters' will have a problem and since now they will import less dollars their own currencies will re-adjust otherwise the US will start becoming an exporter of physical goods, industry will be re-vitalized and the cycle will be reversed.
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Re:Ask HN: When or if do you think the dollar will collapse? by mpf62 on Sunday October 11, 2009 @08:21AM (#874673)
What industry? That sector accounts for less than 20% of US-GDP.

Besides that, if the dollar becomes worthless, how will your "industry" pay for raw materials that have to be imported?

Of course, you can at least buy oil in dollars ... but what if that changes, too?

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