Could be nuked
but if that happens all investments everywhere are screwed. Thermo nuclear war will crash all the markets- though my gold should go through the roof, and my protective puts will look damn good.
People here are going to get screwed- the only question is, how intense will it be, and how deep will our economy sink? We can moderate- but cutting off trade is not going to work out. Sorry. It's been tried. Americans will have to get used to less, and find that a rising standard of global living has other benefits (which I think it does, but that needs to be explained to people, so they understand they are getting something).
I will use this example-
If you have a billion dollars, and everyone around you has nothing, you might be a little anxious that the people with nothing might wish you harm- and a certain percentage of them most certainly will. If, however, you have a million dollars, and your neighbors all have between 400k and 700k- everyone is on a more equal basis, and though there are disparities, people have the necessaries of life, and more, and life is better, and everyone is more secure. That is the way the world will be, eventually, imo. Not as perfectly distributed, but still, we will see a much more fair distribution than we have seen. America has never really "deserved" the absurdly high standard of living it has enjoyed- we could take it, do we did- and now that time is over. Trying to hold on to it, when that will not be effective, is probably the wrong option. We must accept what is happening, and make the best of it. |
