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?