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I don/t think one can refuse to accept US currency in this
country. But AFAIK you *can* offer a discount for other
currencies to encourage their usage.
Just think, something costs 5 pesos or 15 USdollars.
We know that the US government is broke and has been for
probably forty years. We also know that despite the
crushing existing debt and the outrageous deficit that
grows it that congress is not going to stop spending money.
In the not too distant future customers are going to stop
buying US debt instruments
no matter what interest rate is offered, at which point the
BOB KLAHN wrote to BOB ACKLEY <=-
...
I don/t think one can refuse to accept US currency in this
country. But AFAIK you *can* offer a discount for other
currencies to encourage their usage.
Just think, something costs 5 pesos or 15 USdollars.
Since the dollar is currently worth 12 pesos, you'd go broke in
hours.
We know that the US government is broke and has been for
probably forty years. We also know that despite the
crushing existing debt and the outrageous deficit that
grows it that congress is not going to stop spending money.
The debt today is not even dangerous compared to what it has
been in the past. The only real danger is the lack of jobs.
In the not too distant future customers are going to stop
buying US debt instruments
no matter what interest rate is offered, at which point the
Good, then China will collapse and the US can return to
manufacturing which will restore our economy.
OTOH, the collapse of the US economy is probably just what the
right is aiming for. The real right, the Grover Norquist right,
not you trivial right wing useful tools. The US economy
collapses, they wipe out your pension, military and social
security and whatever else, take away your military medical care
or insurance and medicare and medicaid, and leave you living in
the streets with nothing.
The end result, the rich, IE the Grover Norquists of the
country, live like kings and you wind up a peon kissing his ring
for a crust of bread.
Enjoy your choice.
It ain't going to be pretty, and unfortunately I'll probably live to BA>>see it.
we ar every close to what you describe. Keep an eye on US
Treasury Auctions. Notice who is holding the largest stake
in US Treasuries right now. It isn't the Chinese.
BOB KLAHN wrote to JEFF BINKLEY <=-
It ain't going to be pretty, and unfortunately I'll probably live to
see it.
we ar every close to what you describe. Keep an eye on US
Treasury Auctions. Notice who is holding the largest stake
in US Treasuries right now. It isn't the Chinese.
It's the FED. Probably a good thing. The Chinese own too much US
debt now. If they bought our products instead of our country
we'd be in better shape.
Fair Trade, not Free Trade.
It's the FED. Probably a good thing. The Chinese own too much US
debt now. If they bought our products instead of our country
we'd be in better shape.
Fair Trade, not Free Trade.
Agree absolutely with that last.
Also as regards to trade with China.
I once had a decent quality Presto pressure cooker.
Current model made in China.
Given a good beating now and then it works after a fashion
in retaining pressure due to its shoddy thin stamped
aluminum lid design.
The old one was cast aluminum and always gave good service.
BOB KLAHN wrote to WAYNE CHIRNSIDE <=-
...
It's the FED. Probably a good thing. The Chinese own too much US
debt now. If they bought our products instead of our country
we'd be in better shape.
Fair Trade, not Free Trade.
Agree absolutely with that last.
Also as regards to trade with China.
I once had a decent quality Presto pressure cooker.
Current model made in China.
Given a good beating now and then it works after a fashion
in retaining pressure due to its shoddy thin stamped
aluminum lid design.
The old one was cast aluminum and always gave good service.
You can get as good as you can afford. If we had good jobs in
this country Americans could afford quality.
You can get as good as you can afford. If we had good jobs in
this country Americans could afford quality.
Yeah what got me out to vote last time was the promise of
jobs and doubling or tripling U.S. investments in R and D
and renewable energy development.
To say I'm disappointed is an understatement.
I'm afraid I've now adopted the philosophy of George Carlin
as regards to voting after this last.
BOB KLAHN wrote to WAYNE CHIRNSIDE <=-
...
You can get as good as you can afford. If we had good jobs in
this country Americans could afford quality.
Yeah what got me out to vote last time was the promise of
jobs and doubling or tripling U.S. investments in R and D
and renewable energy development.
To say I'm disappointed is an understatement.
I'm afraid I've now adopted the philosophy of George Carlin
as regards to voting after this last.
I have long said, I never voted for any presidential candidate,
but I have voted against a lot of them.
Right now Jobs are the only major problem.