Beo's Guide to Surviving the Collapse of the US Economy

[Vlad G Pohnert]

Moving to Canada won't save you. A large portion of our economy is reliant on the American economy. I keep wishing we'd try to be more self-sustained but at this point if the US goes under, I don't see things going well here at all.

That is only partially true though... The advantage Canada has is we have a lot of natural resources everyone want or will eventually want and pay for.

The mistake we make is we don’t' safe guard them enough and end up "giving them" by bad government management.

Vlad

[Moonlight Soldier]

The key to surviving anything economically is money management. Know how much money you have and what it's doing. That's it.

[Niotex]

Silly Americans.

[JaddziaDax]

Economic Crisis = Katie and John can afford to buy a house?

[Pwolf]

Silly Americans.

you say that now, but wait until Germany invades and no one is there to help you

[ZephyrStar]

Silly Americans.

you say that now, but wait until Germany invades and no one is there to help you

help you.... drink all the beer with Germany? \o/

[guy07]

I didn't mean we become the next North Korea, but that we should try growing more of own food for ourselves, manufacture more of our own stuff, things like that. People over here are freaking out because of the new Buy American policies, but if they did the same thing they could do lots of good. Save travel time, help local farmers who are pretty near broke, give off less emissions from shorter travel distances, things like that. We can still export wood, grain, rocks and stuff like that because we have excess amounts of it, companies should just think more of how it affects the country they live in, rather than just seeing who can sell the product cheaper.

[CodeZTM]

companies should just think more of how it affects the country they live in, rather than just seeing who can sell the product cheaper.

But it's because of the fact that other nations sell products cheaper and that countries outsource labor and resources that countries can make money in the first place.

It's all about competitive advantage over absolute advantage.

Let's say that Country A hasa competitive advantage AND an absolute advantage in selling toliet paper. This means they can produce toiliet paper at a cheaper cost and produce more of them in terms of producing . They can also produce pepperoni, but don't have a competiive advantage.

Country B has competitive advantage and absolute advantage in selling pepperoni and no advantage in selling toliet paper.

If these two countries were to trade toliet paper for pepperoni, both nations would be better off, because they can spend more time producing more and cheaper goods in order to collect goodes they would otherwise spend a fortune on making, bringing cheaper goods to the consumer and profit to the producers..

So what does this mean for the industries in country a producing pepperoni, and country b producing toliet paper? Well, they're pretty much shit outta luck except for nationalists who support them, but that's how economics work for the most part.

Economics =/= Happy Ending for Everyone

[JudgeHolden]

Invest in WOW gold!

[Knowname]

That's a proposition I can stand behind ^_^