Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

IOUs spell uncertainty for Calif. small businesses
Yahoo News ^ | 7/3/2009 | Michelle Locke

Posted on 07/04/2009 6:40:16 AM PDT by SeekAndFind

click here to read article


Navigation: use the links below to view more comments.
first previous 1-2021-27 last
To: CIB-173RDABN

Sadly, true.


21 posted on 07/04/2009 7:44:21 AM PDT by GoDuke
[ Post Reply | Private Reply | To 10 | View Replies]

To: SeekAndFind
"Let's not forget that FDR ( the man Obama likes to emulate ) OUTLAWED the ownership of Gold during the height of the depression."

I wish he would emulate Michael Jackson.

22 posted on 07/04/2009 7:45:02 AM PDT by TommyDale (Independent - I already left the GOP because they were too liberal)
[ Post Reply | Private Reply | To 14 | View Replies]

To: SeekAndFind
Let's not forget that FDR ( the man Obama likes to emulate ) OUTLAWED the ownership of Gold during the height of the depression.

And the Supreme Court was complicit - so much for an "independent judiciary".

Posted before but bears repeating. A few months before FDR's confiscation, two businessmen/brothers saw the handwriting on the wall and redeemed $20,000 goldbacks for coin. After the confiscation order, the Feds tracked down these guys and made them turn in their gold, giving them $20,000 in Federal Reserve Notes. They resisted and took it all the way to the Supreme Court, who said, in essence, "You got your $20,000 back, so where's the beef?" - conveniently bypassing the question of getting a lesser intrinsic value in the trade.

23 posted on 07/04/2009 8:34:17 AM PDT by Oatka ("A society of sheep must in time beget a government of wolves." –Bertrand de Jouvenel)
[ Post Reply | Private Reply | To 14 | View Replies]

To: SeekAndFind

For the dairy farmer, it’s simple.

Stop delivering. No payment, no goods.


24 posted on 07/04/2009 8:40:40 AM PDT by Salgak (Acme Lasers presents: The Energizer Border: I dare you to try and cross it. . .)
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

I heard one person who supplies the California prison system wit food say that she can only do it (accept IOU”s and provide her services) as long as her line of creidt lasts which the bank recently cut until sometime next month. After that she is out of buisness. I think CA will find these IOU’s will fall very short and the state will stop functining very soon. Very bad idea folks.


25 posted on 07/04/2009 9:17:37 AM PDT by chris_bdba
[ Post Reply | Private Reply | To 1 | View Replies]

To: CIB-173RDABN
I have not decided if I will help them out or not After all it is not due until the end of September.

Send em a check dated September (;-)
26 posted on 07/04/2009 3:06:59 PM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
[ Post Reply | Private Reply | To 3 | View Replies]

To: TommyDale
Photobucket
27 posted on 07/04/2009 3:07:53 PM PDT by Kozak (USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
[ Post Reply | Private Reply | To 7 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-27 last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson