In Barbara Ehrenreich‘s blog, she mentions a few Manhattan stores began accepting Euros, supposedly to accommodate European tourists, but not doubt because US dollars are quickly becoming worthless. Of course, this scenario is very familiar to those of us in Southern California, as Mexico’s cities and towns close to the border have long accepted US currency from American tourists.
If the dollar gets weaker, I’m sure taking Euros will become more commonplace. I wonder if I can then get my pay in Euros.
Now the question is if the temporary White House resident has any solutions. After all, he made it our patriotic duty to shop a few years back.
Tags: Barbara Ehrenreich, currency, dollar, economy, Euro
Our local ist blog just mentioned that a local Falafel joint now accepts them as well.
I didn’t realize it was worth $1.50, yikes. I wanna be a global superpower again, damnit.
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hey shin,
even if we all got paid in euros, it still wouldn’t be enough to keep us with rising gas prices!
anyway, if you have the time, i just tagged you for a meme here:
http://ink2metal.blogspot.com/2008/03/but-wait-i-was-on-base.html
Well one of the reasons why the dollar is falling is because the Fed is printing more money to bail out these collapsing investment firms.
One the other hand I took a bunch of my yen and bought dollars when it fell to 96 yen to the dollar then bought back the yen when the dollar reached 102 yen to the dollar (WOOT!)
Sadly however the dollar has fallen over 20% since december.