Q: with all the Billions of dollars gone off the stock market, can you tell me what could be the outcome of this...I do know, it has a impact on other countries....so what do you think...will happen.? ONLY serious people please:
A: Everything will be more money. Let me explain... The US will have to take on more debt, at least half a trillion dollars to bail out these broken banks. In the short run, it will calm peoples nerves, keep a few jobs in wall street, keep the world economy from generally collapsing. The bad news is that more debt will also mean a weaker dollar. I could see a much weaker dollar in the future. That means that commodities will end up being more, basically because all commodities are priced in dollars. The price of everything, from pork bellies to gold will be more money. Oh, and that life blood of commerce that is oil will be higher, which increases the price of everything else.
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