-=> 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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