Amero coming soon?

[gypsybiker45]

Anyone think the Amero will appear sooner than later?, or some other "New Dollar"?...thoughts?

[TechGuy]

Something like this?????

http://i21.ebayimg.com/05/i/001/0d/02/0f47_1_sbol.JPG

[Ronnie Mexico]

Do any of you guys honestly believe Canada and Mexico will both accept US dominance in such a monetary union? Who can expect them to manage a new currency called the Amero while they cant even manage their own government finance, financial markets, US dollar and just about anything else that deals with government budget and fiscal responsibility?

[cigarlover]

The Amero is dead. No way Canada is going to support a bankrupt nation or 2 LOL. Who knows what the hell is going on in MX.. It was a good conspiracy while it lasted but it is a dead issue now.

[gypsybiker45]

Do any of you guys honestly believe Canada and Mexico will both accept US dominance in such a monetary union? Who can expect them to manage a new currency called the Amero while they cant even manage their own government finance, financial markets, US dollar and just about anything else that deals with government budget and fiscal responsibility?


Note that i also included a "New Dollar" option, just for the US

[Neuro Artist]

A new currency will probably not appear until the current has completely lost its value and the money masters has made the most out of the ups and downs. I think this will probably happen during next year. Dunno if this means sooner or later.

[Weho Dave]

What? The FRN will last forever?

[gypsybiker45]

What? The FRN will last forever?

sure...
:sarcasm:

[TechGuy]

The Amero is dead. No way Canada is going to support a bankrupt nation or 2 LOL. Who knows what the hell is going on in MX.. It was a good conspiracy while it lasted but it is a dead issue now.


Agreed. Our economy and our currency is now inextricably linked to the fascist state.

[BellevueBully]

First off, if you haven't noticed, Bush more or less leads Harper around by the pecker so to say Canada won't jump in may not be entirely true. Not saying it wouldn't be totally stupid, but that is what politicians do best.

IF they intro a new currency, it will likely be well after a few very cold, hungry winters....to make it an easy sell. JMO

[Brio]

The Euro has performed well vs. the US$. One would think a resource backed currency like the CDN would have performed well against the US$ over the last couple years, but it's being kept slightly lower. A big part of it is so much of Canada's economy is dependant on exports to the US so the lower the CDN to the US$, the better for Canada's economy. If there was an 'Amero' (can these tools of capitalism ever think of a single creative term of their own?) it would certainly be Fed controlled and would benefit them alone, which leads me to conclude the possibility still exists.

Canada is the wharehouse, Mexico the cheap labour pool and the US the 'middle man', dispensible but for control.

[Portmanteau]

Something like this?????

http://i21.ebayimg.com/05/i/001/0d/02/0f47_1_sbol.JPG

That one is made of Silver...they'd never issue one like that.

[Weho Dave]

When the FRN hyperinflates to nothing, they are going to need something to replace it. This new something will need a new gimmick. Nobody will buy it if is the same old wine in a new bottle. They will probably sell some malarky like the NAU is needed to compete with the EU on the global scene. Canada and Mexico are run by politicians too. The only thing the U.S. has to bring to the table is the largest military the world has ever seen. This could come in handy when selling the concept.

[SkinnyMoose]

I think what is more likely to happen is instead of an Amero duplicating the same characteristics of the Euro we will see something a bit larger scale. I think we will always use the dollar but there is a large probability other countries will drop it.

In this case I think we will see one global currency. Now this wouldn't mean all other currencies are null and void but that the global currency will be accepted and used in all countries.

I think the reason this will happen is because when America financially collapses as we are seeing the beginning stages now, it will bring down other countries as well. The other countries will scream foul and there will be a major movement to declare one global currency. It may start out where you have to be a member of the U.N. for instance, but in the end you won't be able to buy or sell to other countries unless you use the new currency.

So dollars will more than likely always be used in this country even if it means so much inflation that milk costs $350 which would be equal to $3.50 today. :D

[Twisted Avatar]

Its still on track


http://www.youtube.com/watch?v=KMheiBvCjqU

[Horn]

The way China is talking right now, and with Russia reeling you might see something setup over there first.

The U.S. may be forced into beating them to it, or working as a response to it in tandem.

It needs time to take hold though, so if they don't get around to it soon they're not gonna have enough of an economy left to get it going.

Why would Canada, and Mexico want to join a Bankrupt Goliath U.S.?

The East has to get something going first for them to even consider it logically.

[Ronnie Mexico]

Its still on track

You know how old that is? I remember seeing that even before shit started going down on Wall Street.

[Mined Games]

The Amero is dead. No way Canada is going to support a bankrupt nation or 2 LOL. Who knows what the hell is going on in MX.. It was a good conspiracy while it lasted but it is a dead issue now.

But what if a situation were to develop in which Canada and Mexico were to seek out protection under the military umbrella of the US? Your point is well taken that there is currently little incentive for Mexico and Canada to join forces with the US. But if the cold war were to heat up again, perhaps their citizens could be convinced that a wide-ranging partnership with the US would be in their best interests. So maybe there's a good reason that Cheney has been baiting the Russians with such zeal, as of late.:confused_ma:

[Ronnie Mexico]

But what if a situation were to develop in which Canada and Mexico were to seek out protection under the military umbrella of the US? Your point is well taken that there is currently little incentive for Mexico and Canada to join forces with the US. But if the cold war were to heat up again, perhaps their citizens could be convinced that a wide-ranging partnership with the US would be in their best interests. So maybe there's a good reason that Cheney has been baiting the Russians with such zeal, as of late.:confused_ma:

Stop speculating. First a booming economy would persuade Canada and Mexico to join, then it was the total collapse of the US economy. Canada and Mexico aren't gonna join anything (just look at the US economy) so here's another scenario: military cooperation!

One of many ideas, and none have even come close to reality.

[dupontcobb]

China paper urges new currency order after "financial tsunami"

BEIJING (Reuters) - Threatened by a "financial tsunami," the world must consider building a financial order no longer dependent on the United States, a leading Chinese state newspaper said on Wednesday.

ADVERTISEMENT

The commentary in the overseas edition of the People's Daily said the collapse of Lehman Brothers Holdings Inc (LEH.P) "may augur an even larger impending global 'financial tsunami'."

The People's Daily is the official newspaper of China's ruling Communist Party, and the overseas edition is a smaller circulation offshoot of the main paper.

Its pronouncements do not necessarily directly reflect leadership views, but this commentary by a professor at Shanghai's Tongji University suggested considerable official alarm at the strains buckling world financial markets.

China's central bank earlier this week cut its lending rate for the first time in six years, a move analysts said was aimed at bolstering the economy and the battered stock market.

"The eruption of the U.S. sub-prime crisis has exposed massive loopholes in the United States' financial oversight and supervision," writes the commentator, Shi Jianxun.

"The world urgently needs to create a diversified currency and financial system and fair and just financial order that is not dependent on the United States."
But Vice Premier Wang Qishan, on a visit to the United States, told U.S. trade officials in a meeting on Tuesday that China and the United States needed to maintain close economic ties with global markets going through such turbulence.

"The Chinese government is well aware of the fact that the United States, which is the world's largest developed country, and China, which is the world's largest developing country, should have constructive and cooperative economic and trade relations," he said.

China is a major buyer of U.S. Treasury bonds, and through its sovereign wealth fund it has taken stakes in two large U.S. financial institutions.

In July 2005, China revalued the yuan and freed it from a dollar peg to float within managed bands. But the yuan and China's trade remains tightly linked to the fortunes of the dollar.

The commentary suggested China must brace for grave economic fallout and look to alternatives, saying the crisis brings to mind the Great Depression of the 1930s.

"Lehman Brothers announced bankruptcy will not only have a domino effect on the global financial world, it will bring a shock to the world economy," the front-page comment stated.

(Reporting by Chris Buckley; Editing by Ken Wills)



http://news.yahoo.com/s/nm/20080917/bs_nm/financial_china_usa_dc

[Neuro Artist]

Another option of course is that the collapse of the US dollar and economy would be so rapid so that all institutions stop functioning and no new currency is being issued at all. Barter would be the name of the game. Possibly in this scenario pre-64 silver coins could be a commonly accepted currency as they are still around in large numbers.

[traderken]

. Canada and Mexico aren't gonna join anything



They Did Join NAFTA,
Didn't they?

[Mined Games]

Stop speculating. First a booming economy would persuade Canada and Mexico to join, then it was the total collapse of the US economy. Canada and Mexico aren't gonna join anything (just look at the US economy) so here's another scenario: military cooperation!

One of many ideas, and none have even come close to reality.

Who are you to tell me to stop speculating? I'll speculate all I want. The thread itself is all about speculating whether the Amero will be adopted, and if you don't like my speculations, tough crap.:thumpdown

[SilverNuts@Bolts]

,,,there will be a new currency. But only after the Greater Depression has worked it's magic.
It will be called the LOONEY TUNES. It will be a bi-lingual currency, one side printed in French, the other in Spanish.
The head-quarters will be based in Hull, Quebec. That new government agency will have the final say, on all disputes, with the Quebec vote having veto power.
The LOONEY TUNES will be minted, from silver mines in Mexico, including the ones, two's and five's.
Fractions of the ones, will also be made of silver [mixed with copper]. Those will be mined and milled in Quebec.
Paper money, will be 5's, 10's, 20's, 50's, 100's, 200's, 500's and 1000's LT.
First four will have silver strips, embedded in the cloth/paper material and higher dominations shall have gold embedded strips, as mandated by the US Constitution.
Dat is all...:tongue_ma:

[Ronnie Mexico]

They Did Join NAFTA,
Didn't they?

Joining NAFTA =/= accepting a currency from a nation that is i) broke; ii) slow economic growth for years to come; iii) in deep financial shit; iv) uses taxpayers money to bail out criminals and last but not least; v) is the biggest debtor the planet has ever seen

[Neuro Artist]

,,,there will be a new currency. But only after the Greater Depression has worked it's magic.
It will be called the LOONEY TUNES. It will be a bi-lingual currency, one side printed in French, the other in Spanish.
The head-quarters will be based in Hull, Quebec. That new government agency will have the final say, on all disputes, with the Quebec vote having veto power.
The LOONEY TUNES will be minted, from silver mines in Mexico, including the ones, two's and five's.
Fractions of the ones, will also be made of silver [mixed with copper]. Those will be mined and milled in Quebec.
Paper money, will be 5's, 10's, 20's, 50's, 100's, 200's, 500's and 1000's LT.
First four will have silver strips, embedded in the cloth/paper material and higher dominations shall have gold embedded strips, as mandated by the US Constitution.
Dat is all...:tongue_ma:
Damn it, are you working for the Rothschilds?:D

[traderken]

Joining NAFTA =/= accepting a currency from a nation that is i) broke; ii) slow economic growth for years to come; iii) in deep financial shit; iv) uses taxpayers money to bail out criminals and last but not least; v) is the biggest debtor the planet has ever seen

Didn't the US loan Mexico money in the Past?
Did they ever pay that back?

[SilverNuts@Bolts]

Damn it, are you working for the Rothschilds?:D

What gave it away? :D

Forgot to mention, that in the fine print [1, 10 thousandth of an inch] it says, that this democratically elected new board for LT gives Quebec 51% of the vote, as to make sure...
"everything runs smoothly"...:confused_ma:

[Ag Age]

When the FRN hyperinflates to nothing....

Do you think we will see the issuance of $500, then $1000 then $5000 bills and so on until you take out a $500,000 bill to buy a Big Mac? Or IF hyperinflation hits currency will all be digital?

[Ag Age]

Didn't the US loan Mexico money in the Past?
Did they ever pay that back?

Do national debts ever get paid back? They pay the interest on the loan most of the time, then in some election year or something a grand gesture if made to forgive a nations debt..... hmm... when is China gonna forgive our debt?