Quote:
Originally Posted by Bill8
I wonder who you think is going to come to america and invest trillions in us? And who will be our Putin to throw out the oligarchs and the carpetbaggers, and reassert control over the oil and gas?
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First, I was not comparing the US to Russia or the situations to each other. I've stated that a few times now.
Who will invest in the US?
This is exactly my point. Everyone in the world with money to invest. Money flowed into Russia because of the opportunity to invest in a emerging market. What you are ignoring or forgetting is that people continued to invest in Russia after the collapse in the absolute worst of circumstances. A failed currency (and where law requires you to do transactions in that currency). A tax system that made no sense. No property rights. A nonsensical body of laws. No working legal system. No shareholders rights. No functioning banking system and so on. The entire country was broken from top to bottom and ran by hardcore criminals. That did not slow down investment. People and money follow opportunity. The USA has none of the obstacles to investment that Russia did.
To ask "who will invest in the USA" is the same as asking a question like "who would invest in the worlds largest market for consumer products" - the answer to a question like that is quite simple... everyone across the world with something to sell to consumers.
My point is simply that the market will adjust and correct very quickly and even if there was a full and complete collapse of the economy / financial system due to a default and its effects would be short lived and barely felt.
