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Old 04-24-2004, 09:48 PM
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Jerseee Jerseee is offline
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Join Date: Oct 2004
Location: Texas
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Re:the

Donna,

You done good. That is it.

The only thing that gives FRNs the power that they have is because they are accepted. Imagine if no one accepted FRNs.

I was in Turkey one day and I went to a cafe that sat on the edge of the Med. In Turkey, one dollar (FRN) goes a really long way. So with this thinking, I ordered lots of food and drink. When it came time to pay the bill, I gave them 10 dollars (FRNs) and they refused it. They wanted to be paid in their form of currency which is Lira. Although the FRNs were worth more they didn't want FRNs in their economy. I had to exchange dollars with one of the other patrons.

Imagine if that happens in our country! Folks start to demand gold and silver.
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