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 Amero to become USA’s new currency when dollar collapses

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Nombre de messages : 8069
Localisation : Washington D.C.
Date d'inscription : 28/05/2005

Amero to become USA’s new currency when dollar collapses Empty
MessageAmero to become USA’s new currency when dollar collapses

Amero to become USA’s new currency when dollar collapses
Published on 02-12-2008

Source: Pravda
Pictures of the new currency that will supposedly replace the US
dollar have appeared on the Russian Internet. The United States is
reportedly working on the new currency, the amero, which will be common
for the USA, Mexico and Canada. The unstable financial situation in the
world, the collapsing oil prices and the growing foreign debt of the
United States may eventually crush the US dollar as the world’s major
currency. Needless to say that the US authorities reject the rumors and
promise to keep the dollar afloat.

Amero notes have no
portraits of US presidents on them and resemble the Belarussian rubles.
For example, there is an image of a deer depicted on a 50-amero note,
whereas a picture of a pyramid of Mexican Indians can be seen on a
100-amero note.

The amero follows the model of the European
Union and its euro. It brings up the idea that the new currency can be
adopted by the USA, Canada and Mexico within the scope of the North
American Union, which the Bush administration established in 2005 under
the Security and Prosperity Partnership of North America (SPP).

April 6, 2005, the US Treasury announced the formation of the Financial
Services Working Group to assist in the SPP’s ‘prosperity’ plans.
According to its own press release, the US Treasury’s Financial
Services Working Group said it “will play a critical role in the SPP.”

theorists contend that the governments of the United States, Canada,
and Mexico are already taking steps to implement such a currency, as
part of a "North American Union (NAU)" No current members of any
country's government have officially stated a desire to create such a
body, nor introduce a common currency.

The idea for a North
American currency union was first proposed in 1999 by Canadian
economist Herbert G. Grubel. A senior fellow of the conservative Fraser
Institute think-tank, he published a book titled The Case for the Amero
in September 1999, the year that the euro became a virtual currency.
Another Canadian think-tank, the C.D. Howe Institute, advocates the
creation of a shared currency between Canada and the United States .

the report came out, center-left nationalist groups in Canada expressed
their opposition to any currency union because they view it as an
attempt by American businesses to gain access to Canada 's extensive
natural resources while dismantling the nation's social services. The
100,000 member strong Council of Canadians, a progressive advocacy
group, has declared one of its central issues to be the threat of "deep

Dr. Robert Pastor, in a 2001 book, suggested a
common currency should be a foundation of "macro economic cooperation"
among the three NAFTA countries. However, the 2005 Independent Task
Force on North America, which he chaired, did not recommend a common
currency, nor does Pastor in the section for additional and dissenting
views suggest a common currency should be a goal.

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