IOU's....The New Currency ....?
- Thread starter libertad
- Start date
IOUSA
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One Financial apocalypse away
Under the present framework i guess something like that would never happen. It would precipitate the collapse of the rating system too.
so what is Cali's credit rating? I don't have time to look it up. I wonder what my company's would be if I strated paying my bills with i.o.u's.
So.... CA sends you an IOU. Can you use that IOU to pay next year's estimated state income tax, or property tax?
Actually, I checked not long ago and the magic # was something like 12.5 Trillion or something like that...Quote from Pendolatrice:
One Financial apocalypse away
Under the present framework i guess something like that would never happen. It would precipitate the collapse of the rating system too.
Lol, what you really want is for spreadtoGov to be replaced with spreadtoKrauts isnt it