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There Realy is No Comparison

Discussion in 'Blogs' started by Falcon15, Nov 23, 2011.

  1. Falcon15

    Falcon15 Falco Peregrinus

    FerFal in his highly regarded blog is continuously haranguing on how these "dire" predictions of chaos based on economic collapse in the United States will likely not happen, because they did not happen in Argentina when it's economy collapsed on 2001.

    He lived through and lives in a country that experienced one of the worst economic meltdowns in modern history.

    However. He lives in Argentina. Argentina is not the issuer of the world's reserve currency. Food in Argentina doesn't have to travel an average of 1500 miles from farm to market. Argentina's entire infrastructure is far smaller than the United States, and therefore less vulnerable. In Argentina, you do not have to pipe water literally hundreds of miles to bring life to the desert. Argentina has one bank, with exposure in the Billions of USD. The smallest of the US "too big to fail" banks have literally trillions of USD in exposure. You cannot buy a single drop of oil with any amount of Argentine Pesos from an OPEC country. Petrodollar, baby.

    You cannot compare Argentina's collapse to a collapse of the US Economy. It is comparing apples and jackasses. Not even in the same family.

    When the US Economy finishes unwinding, the repercussions will be felt worldwide. Argentina collapsed and they barely noticed it in Europe. When the US Economy goes, China is going to experience the economic equivalent of a kick to the junk. Europe is going to have an economic coronary. Africa, the Middle East, and South America will have economic strokes. When the USD collapses, the effects on our country are going to be profound, to say the least. The effects on the world will be devastating.

    Fuel costs alone will cripple our country. When trucks and trains stop moving, food, fuel, everything stops moving. Supermarkets run out of food. Power plants cannot get the fuel they need delivered (coal), cannot afford the fuel (oil), or have to shut down because the workers cannot afford to drive into work (gas prices in the $60.00 a gallon range).

    You know I keep trying to tell people that FerFal has a solid blog. It is just when he starts throwing out these statements, I have to correct him. He thinks '01 was bad? Wait until the Petrodollar gets destroyed. The US will turn into a third world country literally overnight. It could even be worse. It really depends on how the masses react...

    As always, pray for the best, prepare for the worst.
  2. dragonfly

    dragonfly Monkey+++

    Ain't that the absolute truth? Scary stuff, but it seems no one is paying much attention..
    "whilst sugarplums danced in their heads..."
  3. Sapper John

    Sapper John Analog Monkey in a Digital World

    Well stated Falc,and so very true!
  4. Gray Wolf

    Gray Wolf Monkey+++

    A most concise and accurate assessment from Falcon 15!
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