[OT] Nation bashing

[tbontob]

Originally posted by metro637:
If the U.S. economy was to collapse that would hurt almost if not all countries on the globe. The only countries that would not be effected would be countries that had no dependence on U.S. imports/exports, no stock in U.S. companies, no U.S. stockholders(people/corporations), receives no type of U.S. aid and no financial/political relations with any country that did. Which country is that?

IMHO, all countries would be affected eventually. The ones that didn't trade with the U.S. do trade with countries that do.

So, while they may not be immediately affected, they will eventually be affected by the downturn in the economies of the nations they traded with.

EDIT: The countries will buy less from the "secluded" country which will cause a balance of payment problem resulting in the "secluded" country from buying less and resulting in a downturn of their economy.

Of course, this ignores the psychological implications which may have a role in speeding up the downturn of the country that doesn't trade with the U.S.

If I had to guess on the country, I would have to say "The vatican" which is an independant state within Italy.

However, it too may be affected as the donations it eventually receives from the individuals who live in the other countries can be expected to decrease.

[ February 13, 2003, 21:05: Message edited by: tbontob ]