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re: As a Californian:
Posted on 2/25/17 at 2:19 pm to The Blind Side
Posted on 2/25/17 at 2:19 pm to The Blind Side
quote:
California is a top 10 GDP in the world by itself
What would it be if Cali had to come up with their own currency? With nothing to back it. I'm not picking at you and understand what the point of your post is. I keep seeing some more brazen posters bring this up without understanding their playing with house money.
Posted on 2/25/17 at 2:23 pm to Maytheporkbewithyou
I read it was #8 economy in the world somewhere...but that could drastically change if they somehow exit the US...many corps. are moving east as we speak...
Posted on 2/25/17 at 3:32 pm to Maytheporkbewithyou
quote:
What would it be if Cali had to come up with their own currency? With nothing to back it. I'm not picking at you and understand what the point of your post is. I keep seeing some more brazen posters bring this up without understanding their playing with house money.
Not that I've ever thought about it very hard, because it won't happen but for shits and gigs.
The American dollar is worth 1.00 dollar because we say it is. As of 2016, 53 Fortune 500 companies are HQ'd out of Cali alone, but in this scenario it's guaranteed that Washington is going to go with California. Microsoft, Apple, Amazon: these all become exports TO the 48-ish States of America (more than they already are in some cases).
This essentially creates a bidding war between 48USA and China. So I guess my response is, they could just play with China's house money?
China send Cali water and protection assets, we sell to them cheaper than we sell to the USA.
Cali gets their LaLa immigration policy wet dreams, it's a sanctuary annex of China/Mexico, and they don't have to "come up with their own currency".
Again, Not that this would happen.
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