Italian Real Estate

what would happen if europe and china collapse ?

Posted on | September 12, 2010 | 10 Comments

Question by Goku 56: what would happen if and china ?
well we all know about piigs – portugal,ireland,italy,greece and spain. They have potential danger of and infecting euro zone. Also in the far east china is burning hot and potential of bubble are forming in real estate market and financial market. So what will happen if both these big economies ? how much will usa be effected ? and what will happen to all jobs ?

Best answer:

Answer by joe.attaboy
Don’t worry about any collapses. Obama will loan them the money. of course, he doesn’t have the money, so he’ll either get it from the rest of us or he’ll print it.

Then we’ll right along with everyone else.

Add your own answer in the comments!

Tags: , , , ,

Related Posts

Comments

10 Responses to “what would happen if europe and china collapse ?”

  1. squishems4000
    September 12th, 2010 @ 11:20 pm

    If they were to collapse the world would go back into recession and everyone would be dragged into it, much the same with the USA sub-prime lending that caused the latest recession.

  2. smartypants
    September 12th, 2010 @ 11:26 pm

    You would have to define “collapse.” We simply entered a recession. That might be what would happen for them. But regardless, it would have a negative affect on us. How much? Depends entirely on the severity.

  3. Міша
    September 13th, 2010 @ 12:08 am

    Everyone will look up to America (and our Dollar) again, but we may not be up to the task this time…

    With the government having taken over our retirement, healthcare, education, and most of the economy (sacrificing efficiency for “fairness”), we aren’t the powerhouse we once were :-(

  4. Thalia
    September 13th, 2010 @ 12:57 am

    Yes, they would drag down the US with them. The financial system is all intertwined now, so any crisis is a global one.

    Despite all the talk about Europe though, the Euro is still buys a $1.30. When the Euro first came out several years ago it bought less than $1. So, the currency is hardly near collapse!

  5. MikeGolf
    September 13th, 2010 @ 1:51 am

    From a US perspective a recession in Eurpoe woul have much more effect than a recession in China. This is simply because China does not import enough things from the US for their problems to have any significant effect on our economy. Another factor is that there is very little that China exports that we cannot buy elsewhere without any real difficulty.

    Europe is a larger market for US made goods and a recession there would reduce their ability to buy US made products. In addition a weak Euro would increase the price of US made goods in Europe.

    However – the non-Euro countries would be relaitavely immune from these effects and we may see countries dropping the Euro in order to prevent other countries from impacting their own economies.

  6. Heterónimo
    September 13th, 2010 @ 1:59 am

    The situation in Europe is a complete fabrication, a false situation created by the american finance sharks with the sole purpose of buying low to sell high and to weaken the euro.

    There is this “little thing” called European Union, 27 Countries and 500 million people united, there’s no “collapse” anywhere in sight…

    Note to my irish friend: Europe is still suffering the effects of the global crisis of two years ago provoked by, again, the american sharks (sub-primes, real-estate scams, why has everybody forgotten about this?), this is what’s really causing all the troubles, which are doubled with the purely speculative actions of the american rating agencies.

  7. Flying mop dog II
    September 13th, 2010 @ 2:18 am

    Heteroni:

    Yes there’s no economic collapse at all. Unemployment in Ireland hasn’t really jumped from 4.4% to 13% in 18 months. The Greeks aren’t getting bailed out. It’s all a big conspiracy…. Ugh

  8. David James wz
    September 13th, 2010 @ 3:10 am

    they wont collapse, they all afraid war

  9. jfvolleygirl27
    September 13th, 2010 @ 3:22 am

    If the euro collapses because of Greece’s debt problems, Spain and the rest of the piigs will go down too into bankruptcy most likely. Although this is good if you are planning a trip to Europe, it will affect the US in a sense that Europe will no longer be able to purchase our products since they will not be able to afford it since the euro will be weak vs the dollar. This will then slow down our economic recovery because our exports will decline. Not sure about China collapsing. China doesn’t really import products from us anyway because their currency is so weak.

  10. Andre
    September 17th, 2011 @ 7:43 am

    Well I think Europe will be ok if
    they can print money and transfer
    profit to Greece Italy Spain.

    Just print 20% more money, and
    everyone will be richer by 20%

    Don’t borrow, just print.

Leave a Reply