‘black monday” the stock market goes down the dollar is worthless!?

[email protected]: ‘black monday” the stock market goes down the dollar is worthless!?
if an act of evil happened from the “axis of evil” and the market “fell” the dollar is declared insolovent,umm can you finish this senaro…(?) what could happen?(example); mass suicide will happen among the rich(?)

Answers and Views:

Answer by Gem
The value of the US dollar is not in direct correlation to the stock market.

And after the last “crash” in the late 80s, the Dow Jones instituted the regulation that if the market falls by 5%, they shut it down. So, your scenario cannot happen anymore.

Finally it wouldn’t be the “rich” committing suicide, it would be the middle class who were counting on the 401(k) for retirement. The rich will be just fine, it is the rest of us that are screwed

Answer by B. C. Schmerker
Actually, the dollar’s insolvency is a matter of international bank law (e.g., a now PRC-led COMECON “calling the bonds” on the United States Treasury), and unrelated to the stock, bond and commodities markets. A called-loan situation, rare as it is, can bankrupt debtors. Should the United States in Congress assembled be bankrupted, would mass suicides occur primarily among the rich, primarily among the middle class, or irrespective of financial status? As I understand matters, only the LORD knows.

Stock markets crashed before and the long-term effects were eventually remedied.