<<outsourcing when unemployment is high/recession>>
... assuming minimum wage is still in place, then
(i) either the usd falls apart, or
(ii) more outsourcing will be necessary until usd falls apart
... should minimum wage no longer relevant, then
(i) taxes go up on the rich, to be redistributed to the less rich, and/or
(ii) wages fall sharply (hk wages fell 30-40% during asian financial crises as hk refused to re-peg currency at lower rate vs usd)
either way, galaxy-wide triple waterfall repricing happens, and
(i) DOW goes to 36,000, together with gold, at 1:1 terms of exchange or
(ii) DOW goes to 3,600, together with gold, at 1:1 terms of exchange
just a guess, as in:
either the Zimbabwe solution applies, or
the Argentine outcome is relevant
Recommendation: au, ag, ... well, you know the rest, and rest easier :0)
Recommendation: whatever one does, leveraged real estate speculation with a taxable address is not one of the ought-to-dos
... and in one thing Shades is correct, that one ought to buy guns and hoard munitions, to keep up with neighbors similarly prepared, as the rule of law, fractally scaled up and down, will certainly breakdown under stress, ala Zimbabwe and Argentina
It is hard to imagine such dislocations and those scenarios, but so was 1929 during 1928
Chugs, J |
