Reply #3: It means that we (USA) would officially join the Third World

[Po_d Mainiac]

The flood of dollars onto the world market would deflate the value of our currency to the extent that Treasury would have to either officially devalue the greenback, or start printing bills with more zero's. Forget about $400 Bbl oil, that price tag wouldn't even amount to a speed bump. Hard currencies (gold, silver and even copper) would hit outrageous highs.

It would mean that our financial system has managed to inflict more harm than any terrorist organization could dream of doing. Ferget about having to finish the barrier with Mexico. They (Mexico) would do it. American peasants would be trying to flee southward.

One of the few means that the US would have of raising exchangeable currency, would be to export all of our commodities. Including OIL!

Look at what happened today with gold and oil prices, just on the rumor.