Re: Expedited Settlements coming?
in response to
by
posted on
Nov 04, 2010 07:30AM
I am not sure if the tone of my post was misunderstood relating to the stock price (value) in USD.
http://www.youtube.com/watch?v=MPtFLNq7NWU (starts at 2:00 mark)
As for foreign manufacturers lowering prices (or their governments devaluing thier currency) I'm afraid at this point it's a race to the bottom.
If the US was a closed economy (we produced what we consume) then I would agree that the value of the dollar internationally would not be much of a factor in what it could purchase domestically. Unfortuantely, we don't manufacture much anymore or consume our own drilled oil.
At least we still grow a significant amount of the food in the world (and consume it) but how about the cost of growing it when the fuel cost (conveniently left out of the government's inflation figures) goes up?
Anyway, sorry for the long OT response but my point is that we will all sell EDIG, at some time in the future, and receive "FRNs" (Federal Reserve Notes or as I term them "Fiat" Reserve Notes) for the stock we sell. Not old, silver or oil. If the FRNs are devalued on the world stage, our effective return will be less when we all use those FRNs to buy international commodities, including imported food.
As for EDIG moving headqurters, I was just proposing that IF they did, could EDIG save a lot in taxes from the expected settlements? A move would not take much, as there is no manufacturing facilty to pack up and relocate. That savings would benefit all shareholders.... I'm not saying they should move, I'm just wondering if it has been considered.......