What about the Amero currency?

Amero is as we know for now, a hypothetical but much talked about and probable currency. The Amero would combine the Mexican Peso, Canadian dollar (CAD) and US dollar (USD) in to one single currency and would also be the hypothetical North American Union´s official currency. Not unlike to what the Euro has been for the European Union today, the Amero would be for the North American Union. The facts behind are fairly strong that something will happen within a foreseeable future. The recent strong fall behind the US dollar (See US dollar index chart below) is something that we can not ignore and it raises questions about its future strength as a world currency and possible collapse where the only way to save the US and world economy may be to create this hypothetical currency. The recent credit chaos in the united states sub prime market could be another keystone, orchestrated by the Federal reserve and other big bankers to cause the US dollar to crash. Although there are no evidence for this yet, people should be aware of the possibilities!
Currency cooperation has occured in America on many lower levels. A few countries – such as Argentina, Brazil and Canada – have now and again tied their currency to the US dollar, and during 2000, Ecuador started using the US dollar as its sole currency. The US dollar is actually already a second currency in many parts of the Caribbean and Central America.
In both Panama and El Salvador the US dollar serves as parallel legal tender, and also in Cuba where 1 peso currently equals US dollar 1.08 (previously, it was until 24 March 2005, 1 peso = 1 US dollar). Some Experts thus argue that a currency union is all but inevitable, whether it is desired or not. If a currency union will be the future reality, apart from The United States, Canada and Mexico, we can probably expect many other countries in central and south America joining the currency union straight afterwards.
Above is a very interesting proposed symbol/logo for The Amero made by The Fraser Institute. According to Dr. Herbert G. Grubel, Senior Fellow, The Fraser Institute, "Under the proposed plan, bank notes and coins of the currency (tentatively called the "amero" ) will have "amero" symbols on one side and national emblems on the other to preserve important symbols of national identity. The conversion of existing currencies into the amero will take place at rates that leave unchanged each country's real income, wealth, and international competitiveness at the time of conversion." As far as of today, no official symbol or logo has been released or verifide in any way. During the recent year the three countries national banks also seem to manipulate their currencies into 1USD = 1CAD = 10 Mexican Peso.Is this just a way to make the transition to the Amero easier to take or just another coincident? As time goes by the evidence for a new north American currency grows stronger. The days of the US dollar is over, we see more and more evidence of this as many countries central banks try to sell out their US dollar reserves and get paid for merchandise and natural resources in Euros or Japanese Yen. Just recently the Chinese Central bank was threatening to sell out all their US dollar reserve and cause an imminent crash if the trade embargos continued. This quickly got covered up and nothing else has been heard about it. The important thing to realize is that the US dollar is not at all as strong as the Fed would like us to believe and any country with a sufficiently strong economy could easily cause the dollar to crash. The million dollar question is, when will it happen? Some experts have been talking about it since the end of the 90's but it's not really until very recently the CNBC correspondent Stephen Previs opened up many peoples mind about this possible currency in a comment about the bullish gold price. As far a crashes and chaos goes, we know that it can never fully be understood when it will happen, it always comes as a surprise. Allthough many people believe that the world economy will keep on rolling for another 2 years (until 2009-2010) before it is time to back off with general investments. Looking at this timeframe, it is probable that a currency union will be created sometime shortly after that.

Source: amero.am

Europe has the Euro. Are you ready for The Amero?

Hold onto your hats. (Or should that be dollars?) The Amero is coming. I’ve heard a lot of talk over the last few years about a new currency called the Amero that will replace dollars and pesos.
I thought at first it was just conjecture and gossip, but the more I have researched it, the more I believe it is not only real…but coming soon. And as a writer who has your best monetary interests at heart, I feel you need to know at least a little about this.
A North American Union (NAU) with a common currency is not a new idea. Herbert G. Grubel, a senior fellow of the Fraser Institute, came out with a book entitled “The Case for the Amero” in September of 1999. But the mass media has largely ignored it, with both the supporters and critics of the plan being relegated to obscure talk radio and Internet sites (hopefully, this one doesn’t fall into the latter).
However, since 1999 a case has been building for the new currency, and some believe the current administration is setting the stage for the introduction of the Amero very soon, as soon as 2010 some believe. The lack of serious intervention on illegal immigration coupled with the continued devaluation of the dollar and its weakness in the world economy is in fact the perfect place to set the foundation for a new currency. Or so I’ve been told by various economists with far more smarts than myself.
The Security And Prosperity Partnership Of North America.This is where many people believe the Amero will stem from. This is not a phantom organization or conspiracy theory, the SPP exists and you can view it yourselves at http://spp.gov/ . It was a 'dialogue' (some say agreement) between President Bush, Prime Minister Harper and President Fox to enhance security and prosperity among the three nations (prosperity for whom is obviously debatable).
What you’ll notice is that the SPP is a trilateral partnership established to keep North America a safe and secure place to live and work. So why the open borders and lack of serious control on illegal immigration? Surely such a plan would involve tighter security, not weaker.
Well, it comes down to this. If there is a plan in the works to create a union of Canada, the USA and Mexico, the last thing you’d want to do is close the borders. Quite the opposite. You want open borders. It’s good for business. And as we all know, big business and large multi-national corporations are always looking for new ways to make a profit. The NAU and the Amero is one such way.
The AMERO – who benefits?That’s the big question. Now, in Europe the Euro was not such a bad idea (although I know many people who disagree). The countries of Europe are all fairly well matched economically. So, it made sense to simply create a Euro and encourage cost-effective trade between all the separate nations (of course my home country Great Britain is still being difficult…as we always are). It also reduced a whole bunch of costs associated with exchange rates, fees and so forth.
However, Canada, the USA and Mexico are hardly the same economically. For a world super-power like the USA to consider diluting its economy with that of Canada and a ‘third world’ nation like Mexico, rife with corruption, seems at first ill-conceived. Unless, of course, the ultimate goal is to create “corporatism” – the merger of big business with big government (and something Mussolini referred to as the foundation of fascism).
Basically, with the NAU, multinationals are dealing with one currency (the Amero), one controlling entity (government) and one set of rules for all. And the benefit? Simple. To enable the sale, purchase and movement of goods across the former three nations effortlessly and cheaply. And let’s not forget the creation of a super-cheap workforce and the eventual destruction of the middle class (which is already happening).
As you can tell, I’m clearly not a supporter of the NAU. But I’m not a supporter of any policy that seeks to make the rich even richer, and make a profit at the expense of the public. As Tom DeWeese wrote in his article for the American Policy Center, “The SPP is not about free trade. Its use of public/private partnerships creates an elite of certain, chosen global corporations which basically become part of government at the expense of their competition and our national independence.”The NAFTA Super Highway.Also known as the Trans Texas Corridor, this is another huge benefit to big corporations that would be made possible by the NAU and the Amero.

It is basically a massive super-highway, ten lanes wide, with rail lines, utility corridors and natural gas and oil power lines running down the center. It’s purpose? To transport containers loaded in foreign lands (Indonesia, China etc) from Mexican ports, through the USA and up to Canada with massively reduced transportation costs. Such a move would only decrease the security of America, to such an extent that the borders would literally be wiped out. And the flood of Mexican trucks using the highway would not be required to meet current US standards of safety. Getting the picture? At the end of the day, the Amero is a move to will make a select few so rich, they’ll make Bill Gates look like a welfare case. Money is power…and ultimately, that’s what this is all about.
What can you do about it?Well, keeping yourselves informed is the first step. I haven’t even scratched the surface here. So far, the public has been kept in the dark about the Amero and the NAU, and before you get a chance to protest you’ll be spending you new, devalued currency and wondering what happened.