Imagine Life with Competing CurrenciesSubmitted by WhoatemyLiberty on Fri, 12/28/2007 - 14:30
You walk into Starbucks and you order a tall latte and the service person asks "Will you be paying in dollars or paulies (currencies exchangeable for gold :-))?" Then gives you two varying prices.
You're getting your gas tank filled at 7 Eleven and all you have in your pockets are paulies. The gas attendant refuses to sell you any gas and directs you an ATM where you can exchange your paulies for dollars because of the whole petrodollar scheme.
A clerk rings up some shoes you plan on buying from Nike Town. You pay with paper paulies and some loose fiat change. Confused as how to convert total, the clerk seeks assistance from the store manager with the whole ordeal taking 15+ minutes to sort out.
Yep, life's will be different with competing currencies.