The morality of tickets

Hugo Salinas Price:

"A means of exchange, is a unit that helps those who wish to interchange merchandise or services at a given place and at given time to carry out their exchanges through a medium that is accepted by all those engaging in those exchanges.

A payment refers to the discharge of an obligation incurred by the buyer when he receives merchandise or services: the obligation of delivering either merchandise or services, or (in the past) gold or silver, to the buyer, to his satisfaction.

...The fact that in today's world a pure and simple means of exchange is accepted as payment for goods delivered and services rendered, denotes an intellectual and moral collapse on a world scale.

The nations that deliver manufactures and raw materials to the world - especially to the U.S., the greatest importer of goods in the world - in exchange for means of exchange (irredeemable dollar-tickets) are not collecting on their exports. They are accumulating enormous quantities of dollar-tickets which are supposedly "the payment" of their exports, when they are nothing of the sort. Until China and Japan, for instance, dispose of their dollar-tickets as well as tickets of other nations, passing them on to others in exchange for goods and services, they have not collected on their exports."