[ShamsWoof10]

Now that's just hilarious! Repeat after me boys and girls... AMERO!!!

http://www.reuters.com/article/newsO...55798320080206

"Euros Accepted" signs pop up in New York City!!!

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 euros and other foreign currency as payment for merchandise.

"We had decided that money is money and we'll take it and just do the exchange whenever we can with our bank," Robert Chu, owner of East Village Wines, told Reuters television.

The increasingly weak U.S. dollar, once considered the king among currencies, has brought waves of European tourists to New York with money to burn and looking to take advantage of hugely favorable exchange rates.

"We didn't realize we would take so much in and there were that many people traveling or having euros to bring in. But some days, you'd be surprised at how many euros you get," Chu said.

"Now we have to get familiar with other currencies and the (British) pound and the Canadian dollars we take," he said.

While shops in many U.S. towns on the Canadian border have long accepted Canadian currency and some stores on the Texas-Mexico border take pesos, the acceptance of foreign money in Manhattan was unheard of until recently.

Not far from Chu's downtown wine emporium, Billy Leroy of Billy's Antiques & Props said the vast numbers of Europeans shopping in the neighborhood got him thinking, "My God, I should take euros in at the store."

Leroy doesn't even bother to exchange them.

"I'm happy if I take in 200 euros, because what I do is keep them," he said. "So when I go back to Paris, I don't have to go through the nightmare of going to an exchange place."

(Reporting by Angela Moore, writing by Bill Berkrot; Editing by Doina Chiacu)

[RageWizard]

Yeah there was a time when the world ran on the dollar. Now its crap. I wouldn't mind getting paid in Euros either.

[CAPN CRUNCH]

Thanks AGAIN George Bush!

[Jamie_UK]

lol, we don't even take them in Britain.

[isetcap]

Euro has dropped 4 eurocents in the last week. ECB is finally considering lowering rates since they've been outpaced in growth by every major economy on the globe including the US. A large reason for foreign investment in the USA has been exclusively because of the weak dollar that everyone keeps crying about. Is anybody every going to learn even the most basic of economics?

[adriano]

A-m-e-r-o

[The HG]

The dollar would be crashing a lot more if China wasn't so tied to it, and if Saudi Arabia didn't use the dollar as the standard for oil. But already countries like Russia which used to hold almost all of its reserves in dollars are getting out of it.

The Bush administration and conservatives in general love a weak dollar because it pays for the huge deficits they run up, although they'll never say it of course. But those debts do get paid somehow, eventually, and the easiest way politically for them to get paid is to just let the dollar crash, which is basically just partially defaulting, screwing anyone who holds or is owed or is paid in dollars.

That is a tax, in the worst sense. It's a much more destructive kind than income or property taxes, the kind people normally think of when they think of a "tax".

As long as the Saudis are allies though, they will support the dollar by dealing oil with it.

[RageWizard]

The dollar would be crashing a lot more if China wasn't so tied to it, and if Saudi Arabia didn't use the dollar as the standard for oil. But already countries like Russia which used to hold almost all of its reserves in dollars are getting out of it.

The Bush administration and conservatives in general love a weak dollar because it pays for the huge deficits they run up, although they'll never say it of course. But those debts do get paid somehow, eventually, and the easiest way politically for them to get paid is to just let the dollar crash, which is basically just partially defaulting, screwing anyone who holds or is owed or is paid in dollars.

That is a tax, in the worst sense. It's a much more destructive kind than income or property taxes, the kind people normally think of when they think of a "tax".

As long as the Saudis are allies though, they will support the dollar by dealing oil with it.

I can't believe, I actually agree with you on something.

[kiwi]

I hope also Bookmakers/Exchanges like WSEX, Matchbook, Betjamaica and ABC Islands will accept Euro as account currency. Otherwise they will stay 'no play' books for me.

[UncleChris]

GUYS RIGHT AFTER PRESIDENT Clinton and vice president Obama are elected the green back will shot right back up.At the end of october buy a option contract for the buck to go up (14-days).

Agree. When the democrats win the election greenback at usd/€ 1.3x at the end of the year.

[pavyracer]

The dollar would be crashing a lot more if China wasn't so tied to it, and if Saudi Arabia didn't use the dollar as the standard for oil. But already countries like Russia which used to hold almost all of its reserves in dollars are getting out of it.

The Bush administration and conservatives in general love a weak dollar because it pays for the huge deficits they run up, although they'll never say it of course. But those debts do get paid somehow, eventually, and the easiest way politically for them to get paid is to just let the dollar crash, which is basically just partially defaulting, screwing anyone who holds or is owed or is paid in dollars.

That is a tax, in the worst sense. It's a much more destructive kind than income or property taxes, the kind people normally think of when they think of a "tax".

As long as the Saudis are allies though, they will support the dollar by dealing oil with it.

It appears that you are indeed smarter than a 5th grader eventhough you like to sleep with them.

[ShamsWoof10]

It appears that you are indeed smarter than a 5th grader eventhough you like to sleep with them.

That was slick!

[ShamsWoof10]

Oops there goes another rubber tree plant....looking for a big Monday out of gold now.

http://uk.news.yahoo.com/rtrs/200802...o-02bfc7e.html

Reuters - Friday, February 8 07:19 pm

DUBAI (Reuters) - OPEC may abandon the dollar for pricing oil and adopt the euro but any such switch will "take time", OPEC Secretary-General Abdullah al-Badri was quoted as saying by a weekly magazine.

A decline in the dollar has eroded oil exporters' purchasing power, prompting some members of the Organization of the Petroleum Exporting Countries to call for a switch away from the U.S. currency.

Badri's remarks sent the dollar lower against the euro on Friday.

"Maybe we can price the oil in the euro," the London-based Middle East Economic Digest (MEED) quoted Badri as saying in an interview. "It can be done, but it will take time."

Reuters obtained an advance copy of the interview which will be published in the London-based magazine's next issue.

"Badri tells MEED ... that the producers' cartel may switch to the euro within a decade to combat the dollar's decline," the magazine said without providing a direct quote about the time frame.

"It took two world wars and more than 50 years for the dollar to become the dominant currency. Now we are seeing another strong currency coming into the, which is the euro," said Badri, who is Libyan.

The euro rose sharply to a session high of $1.4547 from $1.4500, where it was shortly before the report. It then settled back at $1.4515, up 0.2 percent on the day, as of around 6:27 p.m. British time.

Iran, at odds with the West over its nuclear programme, and its anti-U.S. ally Venezuela have pressed for OPEC to abandon the dollar and perhaps price oil in a basket of currencies.

But they have had little success despite the dollar's sharp fall against a basket of world currencies in recent months amid growing concerns about the health of the U.S. economy and the prospect of interest rate cuts in the United States.

OPEC groups 13 members and pumps two in every five barrels of crude oil.

I read this yesterday and I thought they would have talked about this a while ago... I don't understand why they say "it will take time" because some of the top oil producers (Venz., Iran, Russia) are taking Euros now for oil...

The dollar being the reserve currency is what made it what it is/was... The dirty trick played here is Country A trades goods and services for "dollars" from the USA so they can buy oil from Country B... Country B takes some of that revenue and invests it back in USA's stock market... The "paper" they print and get goods and services for from other countries ends up coming right back to them...

It's almost comical how this sh*t works...

[Wrigley]

what has happen to my country

[An0nym0us]

A bit of trivia: Not wishing to be pedantic but according to the European central bank the plural of Euro is Euro - "Euros" is not the correct term (although this spelling of the plural appears to be frequently used in Britain and America).

[ShamsWoof10]

This:

Hey now that's my hero you're talking about here... He probably doesn't decide what to wear in the morning much less policy of any kind so take it easy on him...

A bit of trivia: Not wishing to be pedantic but according to the European central bank the plural of Euro is Euro - "Euros" is not the correct term (although this spelling of the plural appears to be frequently used in Britain and America).

I'll keep that in mind.. What is the singular term..?

[An0nym0us]

Same either way, 1 Euro, 10 Euro, 100 Euro etc.

But even Reuters are getting it wrong.

[ShamsWoof10]

The Books are on top of this...

This is at BookMaker...

I would imagine nothing on the West Coast or in the Mid-West would be worth a shot.. The East Coast states like Mary. and Wash. might be worth a shot...

NEXT STATE TO ACCEPT THE EURO
# Money Line
15901 CALIFORNIA +550
15902 TEXAS +800
15903 FLORIDA +600
15904 NEVADA +675
15905 ILLINOIS +800
15906 MASSACHUSETTS +595
15907 GEORGIA +900
15908 MICHIGAN +850
15909 MARYLAND +850
15910 COLORADO +850
15911 WASHINGTON +850
15912 TENNESSEE +850
15913 LOUISIANA +850
15914 NONE OF THE ABOVE -15000