As Dollar Slides, Some NY Merchants Say "Euros Only"

Beginning of the end.....so long greenbacks.

The liquor store owner Chu is taking a 15% commission on his euro exchange rate. European shops usually take a 5% commission when they accept dollars.

HuffPo Headline Called "False" By Readers

Fear not, the markets will work everything out, - 1% of the people will get 99% of the money.

The way God intended it.

So sheople, - how's Unchecked Capitalism working for ya???

Train your replacement today?
Another jump in your gas bill?
Your employer screw you again?
Have to walk away from your house?

Good thing we got rid of that high price American labor, eh?

Peace Out

It's pretty axiomatic: businessmen do not have access to the "magical money machine" that the American government THINKS it has. They are not able to "borrow from themselves" more than $1 million a minute, 24/7/365, as the United States Government does just to keep itself afloat.

Inflation can take many forms. In the 1910's, Germany printed tons of paper ... and they may as well have been printing toilet-paper, because the citizens used it for stove-fuel.

We shake our heads at such stories, yes?

We should not.

What is happening today is literally the same thing, but without the paper. Truly non-existent "loans" are made, by the expedient of entering two balancing entries into the government's ledger books and claiming that the money must be paid-back. ("See, it's a LOAN!") But of course what you are doing is printing money out of thin-air.

This flow of money on computer databases and ledger-books does not match the seriously-flawed (lack of) movement of tangible goods. It tries to mask the fact that the economic system has no redundancy, is severely unbalanced (except in the eyes of the computer), has no basis in fact.

Ordinary business-owners see this and understand this. They live with it. Literally, they live BECAUSE OF it.

THAT is "reality."

With the price of groceries rising and utilities we won't have any disposable dollars to buy CHEAP GOODS from anywhere. Those Oil Barons need to get richer and they had to steal the presidency first to accomplish this.
You got what you deserved, lack of education
and watching reality shows on TV!

I have now seen it all - the day this happens in NY is the official stamp on the decline of "Rome" the former US....

U.S. dollars in the form of paper money (also coins) are legal tender in the United States. Therefore U.S. merchants are required by law to accept them in payment for goods and services.

The decline in the dollar is good for the U.S. economy because it will make U.S. goods more competitive abroad and at home, thereby stimulate U.S. exports and discouraging the purchases of imported goods. This gives a powerful stimulus to the U.S. economy.

This only happened in Soviet satellite countries (they wanted dollars instead of their currency) during their dark days. Our economy is f****d.

Billy's antiques is in a tent, he basically sells junk that the old junkies scrounge off of the street on heavy trash day. The owner is great at pretending to be hip, and definitely got some free advertisement with that sign.

Wow

I'm not a fan of the way Huffington Post keeps making these deceptive headlines. Turns out that it's not "Euros only"... don't be dishonest or deceptive. We have the MSM for that.

I think this is primarily a sales pitch to attract the many European tourists in NY.