Goodbye Dollar, Hello Amero

Discussion in 'Business & Economics' started by S.A.M., Jul 4, 2007.

  1. S.A.M. uniquely dreadful Valued Senior Member

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    http://www.americandaily.com/article/19468

    That seems to be one way to avoid the economic collapse, especially if no one is willing to fund the US trade deficit anymore.

    PS. You heard it here first

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  3. Carcano Valued Senior Member

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    The dollar will simply be devalued, like the yen was decades ago.

    Or, the US can go back to being a republic, instead of an empire that needs to spend almost half its tax revenue on the military.

    If you removed the truly colossal military spending, the US government would actually be very wealthy, instead of being over 8 trillion in debt.
     
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  5. original sine Registered Senior Member

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    President Bush has about 18 months left before his term expires. I doubt that his negotiating skills and suave diplomacy would convince Canada or Mexico to join in a new monetary system so soon. America would not be able to just drop ~$9,000,000,000,000.00 in debt overnight.* Not to mention that the United States is not particularly effective in direct action at the moment. If they did produce a new monetary system, they would have to replace all existing currencies for those involved.


    *Source: http://www.treasurydirect.gov/NP/BPDLogin?application=np
     
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  7. S.A.M. uniquely dreadful Valued Senior Member

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  8. original sine Registered Senior Member

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    Sounds more like a political and social endeavor. Not to mention that Canada, America, and Mexico have quite a contrast in their forms of government.

    Edit: I'm still reading, don't get too excited. There are other ideas on their agenda I see.

    Edit again: Here's an excerpt from a joint statement by President Bush, President Fox, and Prime Minister Martin relating to the launch of the SPP in March of 2005:
    It continues with directives related to commerce and welfare. Nothing about reforming currencies.
     
    Last edited: Jul 4, 2007
  9. S.A.M. uniquely dreadful Valued Senior Member

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    Maybe.

    Here is some more:
    http://www.humanevents.com/article.php?id=15497
    http://worldnetdaily.com/news/article.asp?ARTICLE_ID=56304

    http://www.cfr.org/publication/8102/building_a_north_american_community.html
     
  10. S.A.M. uniquely dreadful Valued Senior Member

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  11. original sine Registered Senior Member

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    This super-highway sounds interesting. There are already highways that span the length and width of the nation, continuing into both Canada and Mexico.
    I don't know how they plan to finance these contracts, especially for systems like "the new 'SENTRI' system."

    Edit: I read President Bush's speech in February 2007 about budget management. His speech is in the link below, and in between laughter, you might find that his approach is not directed toward any policy such as you described in your first post.
    Of course, in an economic crisis your ideas of budget management might change.

    http://www.whitehouse.gov/news/releases/2007/02/20070206-2.html
     
    Last edited: Jul 4, 2007
  12. S.A.M. uniquely dreadful Valued Senior Member

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    I'm wondering how they are keeping it off the media circus. Its probably contracted to private corporations and will pay for itself with tolls I suppose.

    If it keeps the economy from tanking, I'm all for it.
     
  13. original sine Registered Senior Member

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    924
    Here we go. A detailed study of North American currencies and NAFTA. So far, all I could get is this .pdf link titled "The Political Economy of a Single North American Currency"

    http://www.intstudies.cam.ac.uk/students/The%20Political%20Economy%20of%20a%20Single%20North%20American%20Currency.pdf

    The first 33 pages (37 of 98 on the PDF) are a precursor to your argument, instead addressing why there was no monetary integration when NAFTA was formed. It all forms a solid conclusion as to why it was not previously considered. The rest of the paper discusses future agreements and why a stronger demand for such a currency is emerging.

    Part 3.5.1. entitled "What Are The Options?" is on page 46 of 98 in the PDF, where your idea is discussed on page 45 (48 of 98 - PDF).

    Following that is their hypothesis in section 3.5.2., stated as:
    "If floating rates are abandoned, a single currency exists as the only realistic long-term option for significant monetary integration in North America."
     
  14. S.A.M. uniquely dreadful Valued Senior Member

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  15. iceaura Valued Senior Member

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    It will be owned - or leased long term - by a Spanish corporation. The US taxpayer will finance the construction and use eminent domain procedures to obtain the land, and will guarantee a certain revenue stream (if the tolls don't match projections, the US taxpayer will make up the shortfall ).

    There will be very few ramps on or off - the main purpose is to provide a conduit for Chinese maunufactures into the US that bypasses the major US ports on the east and west coasts. The Whampoa Corporation of China is expanding Mexican port facilities in anticipation. The Customs and Entry port will be either Kansas City or St Louis, I forget which. The eventual destination is Winnipeg on one branch and the east end of the Great Lakes on the other.
     
  16. madanthonywayne Morning in America Registered Senior Member

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    Many Americans believe this crap was behind that bastard of an Immigration Bill we managed to defeat by practically melting the phone lines on capital hill.

    Why else would President Bush be so hellbent on passing something that his base, the people that have stuck with him, hates.

    And John McCain. How did he think teaming up with Ted Kennedy to give amnesty to millions of criminals would earn him the Republican nomination?
     
  17. stu43t Valued Senior Member

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    Yep SAM - I really agree with you on this one.

    The North American Union is real, it has already happened here in Europe, and with an African Union and Asian Union there can be a one world government.

    Does all this sound unreal? - Nope

    Here is a clip you should watch - at about 3.57 mins it explains how this is happening.

    http://www.youtube.com/watch?v=nSDWyzzsLVM
     
  18. S.A.M. uniquely dreadful Valued Senior Member

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    I would love for there to be a one world government but I shudder to think of 2 or 3 major unions and what that will mean for the little people.
     
  19. stu43t Valued Senior Member

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    You wondered how they have kept if off the media - if you watch the clip you will see how

    Starts at 3.57 mins into it
     
  20. S.A.M. uniquely dreadful Valued Senior Member

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    I'm listening to a paper now, I've saved it to my favorites.

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  21. stu43t Valued Senior Member

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    Power corrupts - Absolute power corrupts absolutely

    Lord Acton
    English Historian
    1834 - 1902
     
  22. Neildo Gone Registered Senior Member

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    And the supermarket strikes about to happen? I don't know of one single person who voted for it (all Ralphs and Albertsons in Ventura and Santa Barbara Counties), yet the vote was over 90% in favor of one. What the hell they using, Diebold machines? Almost everyone basically said they can't afford another and are gonna quit if this happens again in such short time. Isn't one of the steps to fascism getting rid of unions? Time to replace all our usual workers with more migrants from Mexico that will only accept the Amero to buy food.

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    - N
     

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