News Power of the Peso

Power of the Peso

Im watching this on ABC right now. Here's the news link.

http://abcnews.go.com/Nightline/story?id=2983312&page=1

The lowdown: A pizza restaurant in Dallas is accepting Mexican Peso's as a form of currency and payment and converting the change into US Dollars.

I think that:
A-it's not helping the immigration issue by openly accepting foreign currency as a form of payment.
B-I think only a bank or an institution approved by the government are the only ones that can accept foreign currency (and thats only for currency conversion)
C-Now that this has come to our attention, we should not turn a blind eye to our Canadian borders either since they do the same thing there.

We need regulation..

Oh yeah. I saw this in the news 1 or 2 months back. They have a currency exchange rate table to measure the estimated cost of the pizza in pesos. I agree. I think its a stupid idea that is encouraging illegal immigration. When in Rome do as Romans do. Apparently this establishment does not do so. We live in America. Use American currency or do nothing.

kinda like how bank of america is giving out mortgages and car loans without social security numbers and accepting payment in pesos.

my dads an economist and he said for 2 minutes today the peso was higher in value than the dollar. than dropped back down

^^thats scary when you can say the peso has a higher value than the US dollar. Hits me with the realization that the US is becoming a "has been". I read somewhere that in a few years, the US will not be the most english speaking country on earth.....China will...

The US won't even be a superpower anymore in the distant future. It won't even exist anymore. All great nations will fail and fall. Thats just how history depicts it. Nothing lasts forever.

he said it was only for a few minutes. and i guess it glitches every now and than. but who knows maybe 10-15 years from now it will be like the euro to the dollar today

I can't say thats a 100% true. Reason being is that I'm sure there are people who travel back and forth to Mexico or the US for several reasons and always come back with mexican peso's should they decide to change dollars to peso's over there.

Example, I went to the Dominican Republic for my honeymoon. They accepted american dollars over there. Is that encouraging illegal immigration? Not really. I bet in Mexico, they accept american dollars as well..is that encouraging illegal immigration? Not really (altho I dont' know who would want to sneak over there to live there..lol).

That would be funny tho if we got thousands of americans and told them all to run the border and run into mexico. I wonder what would happen if mexican's saw thousands of americans charging towards them. lol.

If the mexican peso was more then the US dollar, then there really wouldn't be an immigration problem. why would anyone move to a country to make less money if they're making more now. so i highly doubt the mexican peso is more.

EDIT: I just looked...E is right. it will take 11.0495 mexican pesos to make one dollar. This is as of March 27th. The currency exchange rate may have been higher in the past, but its definately not worth more than the US Dollar.

Hmm...i dunno man. Im confused too. I just based that comment off of MovieStar's comment about his economist dad.