Forums: Discussions for entrepreneurs and small business.

One of the most important lessons I learned, growing up, is that the world economy is *entirely* different from that of any particular country, even one as big as the United States.

A great example, in microcosm, is the luxury yacht business. For a long time there were some wonderful ship yards in the US, building these high-end boats for wealthy people. Many of them were in New York, but because of this "tax the wealthy" mentality these days, government greed decided to impose taxes on yachts.

The theory, exuding from the minds of these political morons like leaking sludge from a sewage pipe, was that rich people have no thoughts in their minds other than spending and stealing money. Like any bureaucratic agency, the belief is that human nature means nothing---money is all that matters.

So they raised the taxes on luxury yachts. They assumed rich people would be "forced" to buy their yachts from existing ship yards, and the increased tax would fill the coffers of the government agencies.

Instead, what happened was that rich people simply bought their yachts in some other country. The US boat manufacturers for these types of boats, mostly went out of business. The government not only didn`t get any increased revenues, they lost the existing tax revenues.

Nobody cared, excepting the people who had to fold their yacht-building businesses.

It`s precisely because the Internet and e-commerce are global that a collapse in the US economy would likely be less hurtful to small business owners. Keep in mind that the "pool of money" in the entire world is massively larger than the US portion of all that money. As such, if American consumers cut back on spending, it would have been a problem back in the days of brick-and-mortar walk-in traffic. Today, not so much.

EntrepreneurialMex — that is an excellent video, thanks for sharing. I thought I`d seen all the James Turk clips out there but I hadn`t seen that one. I <heart> that guy, and have had a Goldmoney account for some years now. I occasionally transact with clients in gold that way... I much prefer it but it is pretty rare.

But anyway, I have a ton of information about this subject. If you`re interested please feel free to message me and I will hook you up with a big pile of links.

My own opinion is that the dollar will, in fact, collapse altogether. It`s pretty much the only way to erase American debt, giving the powers-that-be trillion$ of reasons to allow it. And once that happens the collapsed dollar will be used as an excuse to roll out the Amero and the official North American Union. Globalization/centralization marches on...

—paula

 Thanks for sharing.
 The question is can America  survive a collapse of the dollar as we know it? If the dollar collapsed and we brought out a single "world" currency would we obtain our economic rank?  A lot of countries have to agree on a single currency.
 To forgo all that dept is like going bankrupt. Not to point blame but wasn`t  G Bush owned companies end in bankruptcy?
 My 2 cents is that  the weakness of the dollar  and the economic problem  is a  prelude to the end of the war.  America can`t afford it. The war has only benefited a few at the very top. War is a racket. It only ends when it has gotten to expensive both in lives and money.
 


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The Excuse to form the NAU i bet the politicians/real owners of this country will claim that its the only possible way  to get out of  situation just to get what they want Formula= Problem-Reaction-Solution right? NAU Also An excuse to rewrite The U.S constitution to take some of our rights just guessing because they already want to take our guns with so called "Gun control" not only that but they also want to regulate the internet does anybody else object to that....any way Gold is almost $1000 per ounce you must be really smart Paula i just barely figured out that Gold/Silver is the real money not just in America but for the whole world...So Paula do you have coins or bullions? I Know the majority of businesses will end up going under  But my Question is what about internet businesses what will happen to them will people be able to have/ afford the internet

EntMex >  I think it`s more a matter of paying attention than of being smart. I`ve been tracking these issues for a long time... it`s inevitable that the U.S. dollar, and most national currencies for that matter, will eventually fail altogether because of the way they`re designed. Gold as currency has its problems too, however... I don`t think gold would work as a national currency in big, populous countries. Silver might. 

As a arm chair economist - minored in Economics - I think that we will see more world wide problems because so many of our former US made products are now made globally. This morning the Chinese and Japanese markets were way down again with the fear that the Americans will slow down their purchases of products from Wal-Mart which if you checked lately over 90% of the electronics, which has maintained a strong market, are now made in China. See,s to be the only Asian country not suffering is India which leads the world in Internet based outsourcing.

I wrote a book on survival of the prepared and offer a blog at http://survivaloftheprepared.blogspot.com. I also have http://usprepared.blogspot.com for Emergency Preparedness.



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NO cost 11 week e-course on Internet Marketing that my business associate Paul Miller and I developed from our over 13 years of success at http://www.shirtpocketmillionaire.com.

Hugh — great blog! I`m forwarding your honeybee post to some folks I know, I hope you don`t mind.

Glad you liked it RabbitMountain! We need to have as many people prepared as possible for what could be on the horizon! If you would like a copy of my new ebook on three aspects of survival let me know at hugh009@gmail.com with Subject: Survival Ebook. That goes for anyone else too.


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NO cost 11 week e-course on Internet Marketing that my business associate Paul Miller and I developed from our over 13 years of success at http://www.shirtpocketmillionaire.com.