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What Would Stop Stores From Trading In Euros?

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Re: What Would Stop Stores From Trading In Euros?

Postby outcast » Thu 15 May 2008, 20:56:12

Here's a better question: When will commodities start being priced in Euros instead of dollars?
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Re: What Would Stop Stores From Trading In Euros?

Postby Nickel » Thu 15 May 2008, 21:00:44

$this->bbcode_second_pass_quote('outcast', 'H')ere's a better question: When will commodities start being priced in Euros instead of dollars?


A lot of them already are. Why do you think the price of oil keeps going up? The people who are selling the stuff are raising the price because the dollar's been losing ground to the euro. Effectively, it's already traded against the value of the euro, just not officially denominated in it yet because of the disruptions that would cause.
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Re: What Would Stop Stores From Trading In Euros?

Postby LX1 » Sat 31 May 2008, 17:47:41

$this->bbcode_second_pass_quote('Drake', '')$this->bbcode_second_pass_quote('Tyler_JC', 'D')on't believe me, try to name one large or medium sized country in Europe with a budget surplus.



I'll try: Germany
well they have a trade surplus not a budget surplus. germany is seriously a powerhouse exporter. how can a country with an economy 1 4th or fith of the us have near the same amount of imports/exports. thats been puzzling me.
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Re: What Would Stop Stores From Trading In Euros?

Postby vetusfirma » Sat 31 May 2008, 18:32:17

Germany exports = Iran imports
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Re: What Would Stop Stores From Trading In Euros?

Postby vetusfirma » Sat 31 May 2008, 18:34:11

didn't you read about how GE was using German front companies to sell to Iran and get around US restrictions.

You need to read something besides PO. com
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Re: What Would Stop Stores From Trading In Euros?

Postby Nickel » Sun 01 Jun 2008, 15:23:25

$this->bbcode_second_pass_quote('vetusfirma', 'G')ermany exports = Iran imports


So?
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Re: What Would Stop Stores From Trading In Euros?

Postby Nickel » Sun 01 Jun 2008, 15:26:01

$this->bbcode_second_pass_quote('vetusfirma', 'd')idn't you read about how GE was using German front companies to sell to Iran and get around US restrictions.


So GE doesn't have its head up its ass trying to gaze at its own navel like the United States government does. And we're all supposed to fall down in horror because of the boogey men dreamt up by the Bush Administration? Sorry, no. You need to read something besides news organs that just photocopy White House Press Office "reports" as if they were news.
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Re: What Would Stop Stores From Trading In Euros?

Postby cephalotus » Sun 01 Jun 2008, 18:25:54

$this->bbcode_second_pass_quote('Tyler_JC', '
')The Eurozone has a significant trade deficit and a sizable current account deficit. Don't believe me, try to name one large or medium sized country in Europe with a budget surplus.



trade balance EU vs. US

Image


trade balance Germany (€) vs US ($):

Image
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Re: What Would Stop Stores From Trading In Euros?

Postby Fiddlerdave » Mon 02 Jun 2008, 01:14:07

$this->bbcode_second_pass_quote('Blacksmith', 'T')o put it simply the legal currency in the United States is the greenback, (all debts public and private), to demand payment in any other currency would be illegal.
Not really. Sprint charges extra to pay in cash instead of "Visabucks" "Masterbucks" or bank promissory notes (checks).
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Re: What Would Stop Stores From Trading In Euros?

Postby burtonridr » Mon 02 Jun 2008, 19:23:02

$this->bbcode_second_pass_quote('Fiddlerdave', '')$this->bbcode_second_pass_quote('Blacksmith', 'T')o put it simply the legal currency in the United States is the greenback, (all debts public and private), to demand payment in any other currency would be illegal.
Not really. Sprint charges extra to pay in cash instead of "Visabucks" "Masterbucks" or bank promissory notes (checks).


This is the BIGGEST load of shit I have ever witnessed. Who in there right mind does this? This is not the mark of a company who's first interest is in customer satisfaction. I left that company a long time ago and I'm so glad I did. They charged me for paying at THEIR store, where I signed up. They would shut off my phone on the 5th of every month, even though they knew I got paid the first, sent out a check in the mail to them by the 3rd and they had it by the 6th or 7th every month. I was never late, I would have had it to them before the 5th but they would charge me to pay at their store, they would also charge me if I wanted to pay by phone or over the internet. So eventually I said ya know what screw this! I switch to verizon before my contract was up so they charged me for that to.

They are the absolute worst company I can think of off the top of my head, I hope they are among the first to crash and burn in the economic downturn! :twisted:


Back on subject:

What would stop stores from trading in euros? probably the fact that no one else int he US trades in euros. If there are not enough people trading in euros it would be a waste of time for them. But I dont think there is anything to stop them legally.... Correct me if I'm wrong.
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Re: What Would Stop Stores From Trading In Euros?

Postby burtonridr » Mon 02 Jun 2008, 19:27:18

$this->bbcode_second_pass_quote('Fiddlerdave', '')$this->bbcode_second_pass_quote('Blacksmith', 'T')o put it simply the legal currency in the United States is the greenback, (all debts public and private), to demand payment in any other currency would be illegal.
Not really. Sprint charges extra to pay in cash instead of "Visabucks" "Masterbucks" or bank promissory notes (checks).


BTW the law is that it is illegal to refuse to take US currency as payment.

I cannot believe this obvious loop hole has not been challenged.
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