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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: TobagoJack who wrote (66379)	9/23/2010 8:05:00 PM
From: KyrosL	3 Recommendations Read Replies (5) \| Respond to of 217656

A reset due to all out trade war soon will affect the USA relatively little. Certainly less than, say, WWII. This as opposed to a reset ten years from now while letting the current situation continue without change. The USA is a continent with virtually everything it needs right here, with plenty of resources per capita, with still the best higher education in the world, still attracting many of the best and the brightest from around the world. Most of USA imports are because of choice and want, not necessity. If trade stopped completely tomorrow, they USA simply goes back to a 1970s lifestyle. The USA middle class will probably be better off than it is today in such a situation. The big losers will be multinational company executives and WS financiers. They will have to find jobs as machinists or something -- there will be plenty of those jobs. What happens to China if trade stops tomorrow?