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Jewelry

East End businesses begin accepting payment in euros

At the Shoe-Inn, a tony Westhampton Beach store that specializes in European shoes, a paper sign in the window speaks volumes about a recent retail change on the East End: "We now accept euros." The rising ...

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Ed Burke
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#2
Jul 1, 2008
 

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Bill wrote:
It does not surprise me the traitor scum american hating rich obmoxious east end would go to the euro. Lets saw it off at the shinnecock bridge and drown the entire east end population.
Now that the last 8 years of the Stumble-Bum Administration has trashed the buying power of the U.S. Dollar, it should be renamed the U.S. Peso, or maybe the Bush Peso ! The only prayer the United States has to ever hope to pay off the Massive National Debt doubled by the Big Spender Bush Administration is to "Print Paper Money Like Mad", and hope the Bush Peso doesn't decline any lower.

I Can't Blame Any Business Owner for wanting to be paid in Real Money, instead of BUSH Peso's. Hang onto your Confederate Dollars and Monopoly Money, its all liable to be worth more than the BUSH Peso soon !
Teddy R
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#4
Jul 1, 2008
 
[1] Clever play on General Nathan Bedford Forrest's prescription for military victory - "Be fustest with the mostest!"
liner
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#5
Jul 1, 2008
 

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Teddy R wrote:
<quoted text>
Beautiful.
As usual, you can count on Ed "I Dunno S h i t, but I Hate Bush!" Burke to be "Fustest with the Leastest." [1]
Sure. Let's blame Bush for an effete American culture that's been sitting on its collective fat "I'm a victim of oppression! Entertain me!" a s s for two generations now.
Yeah.
Just one question - who you gonna be blaming come Jan '09, Ed?
Shouldn't be a problem. dumbya has caused enough damage to America to last a generation.
hmmmmmm
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#6
Jul 1, 2008
 
Teddy R wrote:
[1] Clever play on General Nathan Bedford Forrest's prescription for military victory - "Be fustest with the mostest!"
Oh you certainly are the clever one aren't you
Mike Thomas
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#10
Jul 2, 2008
 

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Anybody who pays in Euro's must also pay a Euro Tax kind of like a sales tax or a value added tax or a fuel surcharge or well you get the picture :)
moses
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#11
Jul 2, 2008
 

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we should have kept europe as ours when we saved them from hitler
George Bush
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#13
Jul 2, 2008
 
Gee, I wish I could get paid in Euros!
Jim
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#16
Jul 2, 2008
 

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Teddy R wrote:
<quoted text>
Beautiful.
As usual, you can count on Ed "I Dunno S h i t, but I Hate Bush!" Burke to be "Fustest with the Leastest." [1]
Sure. Let's blame Bush for an effete American culture that's been sitting on its collective fat "I'm a victim of oppression! Entertain me!" a s s for two generations now.
Yeah.
Just one question - who you gonna be blaming come Jan '09, Ed?
Heck, you still blame Clinton and he's been gone for 8 years!

Who the heck did YOU vote for?!
Islander Abroad Returned
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#17
Jul 2, 2008
 

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moses wrote:
we should have kept europe as ours when we saved them from hitler
We sure tried. But once their economy overtook ours in production thanks to public spending, universal health care and fair labor laws...well, they just started doing better, didn't they.

Now we have to borrow from them to kill Iraqis because Dubyah wanted their oil fields...for his own personal portfolio.

See, George isn't that stupid. As he is the son of an oil baron, he knew that he had the U.S. army at his disposal to take what he wanted.

Oil triples in value, he gets rich. The U.S. army seizes the fields for his own investments, he STAYS rich.

We buy into this "war on terror" nonsense and we send 4,000 of our children to die for him.

Now our currency is in the pits? So what? Bush has got investments in Euros. No skin off HIS back.

Disclosure: McCain will keep the sacred war on terror going for another 100 years. Just as dollars were legal tender in Russia & Argentina 10 years ago (replaced now by the Euro) so will the Euro be in the U.S.

Better get used to this because it's just the start.
Loyal Democrat
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#18
Jul 2, 2008
 

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Ed Burke wrote:
<quoted text>
Now that the last 8 years of the Stumble-Bum Administration has trashed the buying power of the U.S. Dollar, it should be renamed the U.S. Peso, or maybe the Bush Peso ! The only prayer the United States has to ever hope to pay off the Massive National Debt doubled by the Big Spender Bush Administration is to "Print Paper Money Like Mad", and hope the Bush Peso doesn't decline any lower.
I Can't Blame Any Business Owner for wanting to be paid in Real Money, instead of BUSH Peso's. Hang onto your Confederate Dollars and Monopoly Money, its all liable to be worth more than the BUSH Peso soon !
Ed,

Your post a snap shot of the way our liberal media reports on the issues.

You are playing a game of smoke and mirrors. As Obama would say, you are trying to hoodwink us.

The 'value' of the dollar can go up, but still fall below the value of a foreign currency. The true 'value' of the currency you use is found within it's purchasing power, not how it compares to the purchasing power of another currency.

For example, when Bill Clinton became president, the dollar was 'worth' 123 yen. When Clinton left office, it was worth only 109 yen. As a comparison, since Bush took office the dollar is 'worth' about the same as when he assumed office... 106 yen.

If we assume an economic disaster hits Europe next year, and the Euro suddenly falls in value, does that mean the dollar suddenly is stable and worth more again? Of course not.

The reason the liberal media is suddenly using the Euro as a benchmark (as opposed to the yen, which was the practice when the Euro was depresssed), is the fact that the Euro is rising due to high interest rates there. Had the Euro remained a weak currency, and the yen was rising, you liberals would be using the yen as the benchmark to show disaster in the making.

If you want the dollar to 'rise' in 'value' against the Euro, then demand your government raise interest rates to 6% or 7%. Watch how fast the Euro falls in 'value'.

Of course, that will not be necessary.

Once Obama is President, the liberals will go back to using the yen as a benchmark, and will show us how strong the dollar is becoming.
Ken
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#19
Jul 2, 2008
 

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It is a very smart business move. Were lucky to have the
business, and many summer resort areas are hurting so far this season. The East End has been able to stay fluid, and these Europeans tourists are a big part of it.

Pat Huntington
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#20
Jul 2, 2008
 

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The demise of a great country is evident when its own people prefers the currencies of other countries.

Thanks to Bush and his failed economic policies of spend and borrow, the dollar is good for one thing and only one thing around the world, wiping you know what!
no euros
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#21
Jul 2, 2008
 

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It's no wonder the east end pigs are accepting euros. Maybe they can get the european travelers to SHOWER regularly! Ever been to Europe? THESE PEOPLE SMELL!
Pete Unlother
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#22
Jul 2, 2008
 

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Foreign countries have been taking
dollars for years. What's the beef?
It's good business.
The South Fork
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#24
Jul 2, 2008
 

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past Riverhead just plain $ucks. All 5 cent millionaires.
who pays
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#25
Jul 2, 2008
 

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Eight years of Buffoon Bush Republican policies and the dollar is going the way of the currency of Zimbabwe. Accepting Euros is the logical thing for business people on the East End and is chump change compared to what the Europeans are buying in terms of US businesses and real estate.
Get Real
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#26
Jul 2, 2008
 

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Loyal Democrat wrote:
<quoted text>
Ed,
Your post a snap shot of the way our liberal media reports on the issues.
You are playing a game of smoke and mirrors. As Obama would say, you are trying to hoodwink us.
The 'value' of the dollar can go up, but still fall below the value of a foreign currency. The true 'value' of the currency you use is found within it's purchasing power, not how it compares to the purchasing power of another currency.
For example, when Bill Clinton became president, the dollar was 'worth' 123 yen. When Clinton left office, it was worth only 109 yen. As a comparison, since Bush took office the dollar is 'worth' about the same as when he assumed office... 106 yen.
If we assume an economic disaster hits Europe next year, and the Euro suddenly falls in value, does that mean the dollar suddenly is stable and worth more again? Of course not.
The reason the liberal media is suddenly using the Euro as a benchmark (as opposed to the yen, which was the practice when the Euro was depresssed), is the fact that the Euro is rising due to high interest rates there. Had the Euro remained a weak currency, and the yen was rising, you liberals would be using the yen as the benchmark to show disaster in the making.
If you want the dollar to 'rise' in 'value' against the Euro, then demand your government raise interest rates to 6% or 7%. Watch how fast the Euro falls in 'value'.
Of course, that will not be necessary.
Once Obama is President, the liberals will go back to using the yen as a benchmark, and will show us how strong the dollar is becoming.
Calling yourself "Loyal Democrat" is the fun part. You are not because your rhetoric shows very much to the contrary.

That said (and clarified), please note that with inflation running at the rate that it is, the value of the dollar is, in fact, in free fall.

It's purchasing power is down both in the U.S. and abroad. That it is stable against the yen shows only the strength of the euro and how the debt laden Japanese economy is almost as weak as ours.

You double talk was quaint. I'll give you that.
Joe the Hack
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#27
Jul 2, 2008
 

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Serpico wrote:
The low American Dollar will be a blessing in disguise. How many people you know are going over to Europe and spending greenbacks? Not many. Their economy is hurting, and their economy is hinged on tourism.
I don't like the idea of stores allowing euro's as payment, however, this is America and we are free to do business the way we want. The fact is, euro's are being spent but the tax revenue is still being generated from the sale. In the end, that is what counts!
Revenues from tourist dollars are minimal as are the taxes collected on sales.

I would be optimistic if we produced products for (cheap) export but that is not the case either. No one wants our cars. We don't manfacture electronics and they have their own healthy agriculture.

A strong Euro means high purchasing power for Europeans on American equity markets. They are now in (and excersizing) a position of being able to buy entire American companies.

This means they will be making business decisions that directly effect the American labor force and economy.

Plainly put, the U.S. is for sale, cheap.
Soon
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#28
Jul 2, 2008
 

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Soon the only thing those federal reserve notes will be good for is wiping your arse as they will be worth less than toilet paper. Your government continues to rob you through taxation and inflation until there is nothing left. A rope is what the scum in Washington deserve.
turncoats
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#29
Jul 2, 2008
 

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It goes to show where certain peoples loyalty stands. So much for freedom fries, you can pay for them in rupees if you like.

Hooknosed turncoats.
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