-=> BOB KLAHN wrote to BOB ACKLEY <=-

 BK>  ...

 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.

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

 BK>  The debt today is not even dangerous compared to what it has
 BK>  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

 BK>  Good, then China will collapse and the US can return to
 BK>  manufacturing which will restore our economy.

 BK>  OTOH, the collapse of the US economy is probably just what the
 BK>  right is aiming for. The real right, the Grover Norquist right,
 BK>  not you trivial right wing useful tools. The US economy
 BK>  collapses, they wipe out your pension, military and social
 BK>  security and whatever else, take away your military medical care
 BK>  or insurance and medicare and medicaid, and leave you living in
 BK>  the streets with nothing.

 BK>  The end result, the rich, IE the Grover Norquists of the
 BK>  country, live like kings and you wind up a peon kissing his ring
 BK>  for a crust of bread.

 BK>  Enjoy your choice.

They'll be the first to assign blame elsewhere.

You did put that rather well.

... It is the best of all possible worlds.
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