Subj : GOVERNMENT WASTE
To   : BOB ACKLEY
From : BOB KLAHN
Date : Sat Feb 19 2011 18:49:08


 ...

 BA> I don/t think one can refuse to accept US currency in this
 BA> country.  But AFAIK you *can* offer a discount for other
 BA> currencies to encourage their usage.

 BA> Just think, something costs 5 pesos or 15 USdollars.

 Since the dollar is currently worth 12 pesos, you'd go broke in
 hours.

 BA> We know that the US government is broke and has been for
 BA> probably forty years. We also know that despite the
 BA> crushing existing debt and the outrageous deficit that
 BA> 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.

 BA> In the not too distant future customers are going to stop
 BA> buying US debt instruments
 BA> 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.



BOB KLAHN bob.klahn@sev.org   http://home.toltbbs.com/bobklahn

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