Mexican Government successfully sheds the US Dollar from its economy

G. Edward Griffin: Mexico is purging US Dollars from its economy. It no longer allows purchases in Dollars, not even in American-owned stores such as Wal-Mart. That's because the Dollar is losing value so fast it is expected to collapse very soon, and Mexico does not want to be left holding the worthless notes. [Amazing! We have come to the point where people prefer Mexican Pesos over US Dollars. Are your savings still in Dollars?]

thepeoplesvoice.org

February 3rd, 2011

Von Helman

Mexico has always considered the US dollar almost a secondary currency to their Peso as the fact that billions of US dollars spent their way through the Mexican economy in 2009 and 2010 which speaks for itself, but sometimes even the best of friendships come to an end.

The Mexican government in September 2010 enacted a new law which basically restricts the use of US Dollars for almost all purchases inside of Mexico.

In early 2010 travelers and visitors could shop at many of the large US corporations inside of Mexico such as Wal-Mart, Home Depot or even one of the hundreds of American food establishments such as McDonalds or Dominoes Pizza and pay for their meal using US Dollars but under the new law using US Dollars is no longer an option.

Just image the surprise of many Americans being told by Wal-Mart that US Dollars are no longer accepted at their store especially since Wal-Mart is one of the most iconic “American” businesses in the world with such buying power that they set the prices which manufactures must sell them their items for.

Full story HERE