SporadicE, thanks for your reply(#87923). Month
Post# of 148166
Months ago I posted here that I thought CYDY perhaps should move to a different country. I had a sense then that the cards would be stacked against them here. And here we are today.
You're probably spot on about the Defense Production Act, even though Samsung is not located in the US.
This administration's idea of "equitable and efficient" distribution would be worth the ticket - We all need to laugh sometime. And BP's response to the sequestering of a mere mAB of an OTC company. Rich.
I hope NP choses to transact in local currencies and to use their banks. I recall the inflation of the 1970s, and am worried again, what with the ink toner consumption at the US Fed today and projected. Any periodic money needed in the US could be wired thru exchange rate to preserve its purchasing value.
I hope I got that right. It's been a few years.
Not a few forecasters (always Peter Schiff) are talking about inflation, though, as always, no one puts a date on it or can.
But, it is a risk worthy of at least a plan of action. Multinationals bank multinationally.
"Jul 10, 2020 — The Philippine peso has emerged as the most stable currency among its Asian counterparts even amid the uncertainties caused by the ..."
https://www.philstar.com/business/2020/07/10/...rency-asia
The Swiss franc comes to mind too, though not a local/customer currency. But, it is perennially rock solid.
Someone just told me they're burning piles of bodies in India now, and that the US is going to send something.
Remdesivir, vaccines, plasma?
Gotta scoot, want to check this out. Thanks again.