We have a stable currency now - more stable than any other major currency in the world. If the financial markets had been allowed to fail this would not be so.
The most recent example I remember was when the Mexican Peso went into free fall in the early 90s. I worked with Mexican Engineers who were paid in US dollars at the time. The Peso fell so fast that one of the Engineers I worked with was able to pay off his recently purchased house in 2 years - a house that should have taken him 15 years to pay for. The same could have happened here. Thanks, Tom Hargrave www.kegkits.com 256-656-1924 -----Original Message----- From: mercedes-boun...@okiebenz.com [mailto:mercedes-boun...@okiebenz.com] On Behalf Of Wonko the Sane Sent: Tuesday, March 17, 2009 7:41 PM To: Mercedes Discussion List Subject: Re: [MBZ] OT banned lite, Better not get hurt in war We shall never know (perhaps) but I don't think the sky would have fallen as predicted. It would have been ugly, but we have ugly now. On Tue, Mar 17, 2009 at 7:38 PM, Tom Hargrave <tharg...@hiwaay.net> wrote: > Possibly, possibly not, but what would have happened to our economy and the > spending value of YOUR DOLLAR if they had been allowed to fail? > > > -------------- next part -------------- An HTML attachment was scrubbed... URL: <http://okiebenz.com/pipermail/mercedes_okiebenz.com/attachments/20090317/71 128794/attachment.html> _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com No virus found in this incoming message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.11.16/2005 - Release Date: 3/16/2009 7:01 PM No virus found in this outgoing message. Checked by AVG. Version: 7.5.557 / Virus Database: 270.11.16/2005 - Release Date: 3/16/2009 7:01 PM _______________________________________ http://www.okiebenz.com For new and used parts go to www.okiebenz.com To search list archives http://www.okiebenz.com/archive/ To Unsubscribe or change delivery options go to: http://okiebenz.com/mailman/listinfo/mercedes_okiebenz.com
