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Published: June 14th 2005
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The exchange rate of KIP to Euro in shops is about 12,000. You can become a millionaire for an outlay 100Euro. I buy 50 Euros worth of KIP and get 625,000KIP; a wad of notes and an elastic band to keep it all together...The mind boggles at the prospect of this soon happening to the US dollar......
Magic Keynesian solution: If the economy is slugish and the world ain't turning, the people ain't buyin' and sellin' then just print some more money...
I see King Sisavang vatanna's palace (son of King Sisavangvong) who got kicked out by the commies in 1975.
Back at the monastery, I work through a book on Earth sciences with Link while Sampun says he's tired and asks can he play with my ipod. I let him and then he plays the parachute game and listens to the Godfather theme and says it's very sad. ..
Walking down the street market on Th Photisalat, I hear a voice from behind. It's Mr. CIA and he urges me to buy some local crafts.
"Ever heard the expression, "nothing happens until something is sold"? ", he asks. The scarfs are light he
tells me and points me to a Lao girl that sells particularly good stuff. The world turns, we negotiate, I don't try too hard but she sells me two nice silk and cotton scarfs...I pay in cash 10USD, it's as phoney as the KIP but she doesn't know it...
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