On Feb 7, 5:19=A0pm, Abu Dufus <cripples.and.shut...@[EMAIL PROTECTED]
>
wrote:
> Because the dollar is unstable and is dropping in value, the Euro is
> becoming the new currency standard in New York City. From Reuters,
2/6/08:=
>
> > NEW YORK (Reuters) - In the latest example that the U.S. dollar just
ain=
't
> > what it used to be, some shops in New York City have begun accepting
eur=
os
> > and other foreign currency as payment for merchandise.
>
> Inflation and the "borrow and spend" attitude popular between 2001 and
200=
7
> contributed to the demise of the dollar. Observation that the U.S.
economy=
> is moving further towards a low wage service economy is problematic to
the=
> countries who are supplying it with increasingly costly im****ted goods
and=
> intellectual services. At some point the U.S. standard of living must
> downsize to match the dollar. Maintaining commerce in a reliable
currency
> such as the euro is necesary to protect the suppliers' interests.
Lots of cities along borders will accept currencies from the country
across the border, either Mexico or Canada. It's just doing business.
