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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
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To: CIB-173RDABN
21
posted on
07/04/2009 7:44:21 AM PDT
by
GoDuke
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)
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)
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. . .)
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.
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)
To: TommyDale
27
posted on
07/04/2009 3:07:53 PM PDT
by
Kozak
(USA 7/4/1776 to 1/20/2009 Reqiescat in Pace)
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