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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?


To: maceng2 who wrote (62867)10/13/2019 2:45:19 PM
From: Elroy Jetson  Read Replies (1) | Respond to of 71463
 
You're correct in noting California, the fifth largest economy in the world, would be a far more plausible independent nation than the eighth rated UK - or whatever the UK will be after they spin-off the energy resources and nuclear submarine bases of Scotland back to the EU.

No doubt before leaving many like yourself would insist we first deport the homeless US citizens back to the states they came from, before they migrated to California where the weather make being homeless less dangerous than in their home communities.

California's mythical departure from the US would leave a huge revenue gap for the United States to fill, with 49 states already dealing with decrepit infrastructure, while California residents would enjoy far lower taxes.

If we could not maintain a common market agreement with the US, it's strong possibility California and Canada would apply for EU membership. Given the remaining US leadership the NAFTA agreement would simply not a suitable replacement.
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Meanwhile, the possibly independent UK has already been hit with most of Trump's new 25% import-tax on $7.5 billion of goods. I predict Johnson, Corbyn, or other new PM will implement a severe new austerity program to prevent economic collapse in England.