[FoRK] Re: [silk] The Demise Of The Dollar

Jeffrey Winter <JeffreyWinter at crd.com> on Wed Jun 20 12:28:40 PDT 2007

> You're asking when to prepare, and the answer to that is 
> to always be prepared.

How do you prepare exactly?   
 

-----Original Message-----
From: fork-bounces at xent.com [mailto:fork-bounces at xent.com] On Behalf Of
Adam L Beberg
Sent: Wednesday, June 20, 2007 3:04 PM
To: Friends of Rohit Khare
Subject: Re: [FoRK] Re: [silk] The Demise Of The Dollar

Eugen Leitl wrote on 6/20/2007 7:22 AM:
> Is this it, or not yet? 

"It" is not a point event. It's a long, ongoing process.

And yes, we're in it, but that is obvious to everyone. You're asking 
when to prepare, and the answer to that is to always be prepared.

This is a better data point...
http://news.yahoo.com/s/nm/20070619/lf_nm/usa_economy_berkshares_dc/

Town makes it's own currency, wildly popular for local purchase. Most 
importantly (and not obvious) is that you could depeg it from the dollar

the moment the shit hits the fan, and repeg it to the Canadian dollar, 
or something real. Merchants win even with the 10% "discount", since you

avoid the visa/mastercard fees.

More of this is coming, state currencies aren't far behind.

-- 
Adam L. Beberg
http://www.mithral.com/~beberg/
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