Tuesday, January 09, 2007
Question #373
Starting this week, Pizza Patrón, a national chain based in Dallas, will begin accepting pesos as payment. It's believed by industry experts to be the first company of its kind to do business in pesos so far from the border.
What do you think? Should American companies do business in foreign currency?
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6 comments:
Hey why not....
Let's also not make English our national language.
And let's start flying the flag of every nation in front of our government buildings.
And let's stop saying the pledge of allegiance because it insults those that are not American citizens.
And let's not do background checks because we might find out the person is not here legally, but on the flip side, lets penalize anyone who rents to or employs them.
Excuse me, my soap box is showing today.
grrr. grrrr....oh wait a minute....other countries have been accepting US $'s for years. Persoanlly, I wouldn't as I'm not so sure it's a sound business decision. For two reasons; financially the peso is not stable and I would question the Financial reasons for doing this. Secondly, it puts out a strong message which could backfire from a marketing standpoint. The PR person for this chain is going to be a very busy person. But, it's not my business. I don't eat pizza very often and I don't eat at chains when I do...so I guess I'm not gonna worry my pretty little head over it too much.
On a side note; Thank goodness we live in a country where we can do what we want (to a degree) with our own businesses. For that matter, the fact that we can own our own businesses is something to be thankful for. And the freedom to discuss the Q of the Day is a gift as well. Thank goodness I live in the US
No pesos, euros, drachmas, yen, pounds, or any other foreign money.
I just read that the first baby born in Dallas this year is from a Hispnaic mother - no surprise. But color me surprised to disciver that she is actually a naturalized citizen!! When she was interviewed for the story, her translator (that's right - her translator) said she was very happy and wanted her baby to get a good education.
Naturalized citizen from Mexico, here for years, DOES NOT SPEAK ENGLISH!!
Also, Ahhhnold in California is proposing free health care for all uninsured residents of California - 6.5 million of them. About half are NOT there legally, but that does not matter.
These are all signs that the Apocalypse is upon us, and we are going the route of all "empires" since the Egyptians - down the tubes.
Pandering to anyone who might vote for them seems to be the way all politicians work - I say we throw all of them out, burn down all the government buildings, and start over from scratch. If you want to be elected to anything you are not allowed to run. We only allow people to be elected who have the good sense to not want the job.
Now that, PATR, is a soapbox.
The simple answer to this question is this from PEF's Rule of Law:
No U.S. chartered business should conduct business with persons or entities living or residing within the borders of the 50 United States in a foreign currency. U.S. chartered businesses are permitted to conduct business with persons or entities in countries extent to United States as a part of foreign trade. The exception to this rule is federally chartered banks or financial institutions exchanging currency or financial collateral. PERIOD!
Absolutely NOT!!
I think we should just annex Mexico and be done with it!!
lets answer this with a question -
do OTHER countries accept foreign currency - for that matter, do they speak to you if you don't speak their language (and Miami must think its a foreign country b/c if you don't speak Spanish, they will not serve you)
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