patrick.net

Comparing the Zimbabwe currency to the Dollar is absolutely ludicrous.Is Zimbabwe one the worlds largest economies like the U.S. Your arguments are the typical fear mongering that have no basis on reality.

FaithInHim says

Phoenix housing market has finally bottomed

bottom = recovery... prices are bouncing around the normal range. Welcome to the NEW normal pricing.. which is the OLD normal pricing.

http://dqnews.com/Articles/2012/News/Phoenix/RRMAAZ120307.aspx

"The median price paid in January for all new and resale houses and condos sold in the Phoenix region was $127,500. That was down 1.2 percent from the month before but up 7.1 percent from a year earlier. January marked the second month in a row in which the overall median sale price rose year-over-year. (In December 2011 the Phoenix area’s median posted a 7.5 annual gain.)"

2k12 says

Comparing the Zimbabwe currency to the Dollar is absolutely ludicrous.Is Zimbabwe one the worlds largest economies like the U.S. Your arguments are the typical fear mongering that have no basis on reality.

Clearly you don't understand the fiat currencies. We're the biggest economy simply because the U.S. Dollar is king of all fiat currencies, but can change overnight.

Fear mongering? I only addressed the question "what happens in the event of...", and I answered using textbook examples. Studying them gives us perspective.

Things are clearly different in the U.S., and things may unfold differently. However, you cannot rule out economic collapse regardless of the size the the U.S. economy.