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Upcoming economy collapse!!

 
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hugh009

posts: 39

Jan 28, 2008 7:01 PM ET    Quote  Report Abuse
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Thanks, Paula! I visited the site and will get in touch with him. Also check out my Social Enterprising project at http://www.7thaven.org.

Hugh



-------------------------

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.
Feb 02, 2008 11:32 AM ET    Quote  Report Abuse
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So Craig do you think that Internet businesses are more likly to survive when the collapse hits
CraigL

posts: 9051

Feb 03, 2008 2:19 PM ET    Quote  Report Abuse
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I think there are a lot of assumptions in this thread that have a shaky foundation. I don`t agree that "the collapse" will happen, in which case Internet business will continue just as other business will continue.

I`ve heard all about the world currency theory, the "one world government" conspiracy, and so on and so forth. Yes, they sound plausible, but the reality of the world isn`t quite that easy to put into a package.

We live in a time when there`s not only reasoned thought and analysis, but also catastrophic thinking and miraculous thinking. For the catastrophic thinkers, it`s easy to see a direct pathway to a total collapse of all civilization. I don`t think it`s that "easy," so to speak. Nor does such simplistic advice as we see in books like "The Secret" work. Life and the universe are far more complex.

I think we`ll see some economic upheavals in the coming times, but consider the news referenced above about the Chinese economy slowing down. It was due to fear that orders from the US would slow down. Think about it: if just a slowdown can disrupt the entire Chinese economy, what would happen if the US economy totally collapsed?

I don`t think the "world" would allow the collapse of the US economy, any more than the US allowed the collapse of the Mexican peso not so long ago. The dollar (at the moment) tends to survive on belief and faith, rather than a simple backing. But in addition to that belief, there *is* a foundation for the US dollar, and that`s the entire GNP of the country.

It`s true that valuing the gross national product can introduce all sorts of over- and under-valued numbers, but the fact is that we don`t require gold to fundamentally value the entire economy. Like the environment, societies, and cultures, these are complex sytems, not closed and simple systems. They can`t be so easily analyzed as people make it out to be.
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