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Home Front Economy
The Case for the Amero
2006-06-17
The comments in the superhighway article pointed at a theoretical (or not-so-theoretical?) "North American" monetary unit, the Amero. This link appears to be a Canadian look at the possibility. I'll be offline for much of the weekend, but if these things are cooking under the surface, color me nervous.
Posted by:Seafarious

#15  I love Peso notes. Whenever we run out of TP, they're actually a cheaper alternative, even doubled up for two-ply action
Posted by: Frank G   2006-06-17 14:45  

#14  American trade and investment will grow correspondingly.

Considering the Mexican Constitution and judicial practices bar foreign ownership of the best pieces of property [isolated arid dry desert anyone?] there's not going to be a lot of American investment heading south soon. Once again their own xenophobic behavior is doing them in.
Posted by: Hupitle Phereger1161   2006-06-17 12:31  

#13  I think it's a loonie idea.
Posted by: mrp   2006-06-17 11:38  

#12  This idea is old and it's been around for ages. It's no longer even beneficial for Canada and Mexico. Give it a rest.
Posted by: Flurong Phealing2984   2006-06-17 11:22  

#11  An absurd idea. If Canada and Mexico want the benefits of a joint currency, all they need do is fix their monies to the US dollar, or replace their monies with the US dollar. Of course, no sooner do they do that than the problems concealed by the varying exchange rates are visible and demanding to be solved immediately, but that still isn't America's problem.
Posted by: trailing wife   2006-06-17 10:44  

#10  "Yet, the United States did become a member of all of these organizations and did surrender a significant degree of national sovereignty. There are escape clauses in all of these treaties that can be invoked if the national interest is threatened seriously. Similar escape clauses are certain to be in the proposed monetary agreement. There is still much opposition to these organizations in the United States and it receives much media attention. However, political movements like those headed by Pat Buchanan and Ross Perot that make withdrawal from such organizations a major plank in their platforms have not had significant electoral successes."

Gonna actually run with that stinker of a notion, are ya? Start messing with monetary policy as it affects ordinary Americans and you haven't even seen pissed yet.

"I believe that the United States became a member and accepted the accompanying loss of national sovereignty because the benefits from doing so outweigh the costs."

Loss of sovereignty ok with any Rantburgers here?

"Increased trade, more stable economies in the rest of the world, and continuous forums for the exchange of views have increased the prosperity of Americans. The United States may be large but the rest of the world is even larger and American relationships with other countries matter to economic growth and national security. By extension, the proposed monetary agreement will benefit the United States since it is expected to improve the size and stability of the economies of Canada and Mexico; American trade and investment will grow correspondingly."

Wonder if the average voter would see it that way?
Posted by: Jules   2006-06-17 10:05  

#9  yeah, the tranzi motto is take good ideas and replace them with failed ones.
Posted by: 2b   2006-06-17 09:41  

#8  I mean, their doing in it Europe so it must be a great idea, right? Right?
Posted by: tu3031   2006-06-17 08:32  

#7  This is as nuts as signing up the Mexican illegals and their families for Social Security.
Posted by: Danielle   2006-06-17 07:51  

#6  Easier solution would be to give both parties to the north and south Commonwealth status so they can both be on the dollar. Saves them the hassle.

The case as presented is only another tranzi dream like Kyoto to try to control the American economy, but by other means. Just tell them to enjoy their soon to be annexation. Next discussion?
Posted by: Hupitle Phereger1161   2006-06-17 07:44  

#5  Yeah, it's a great idea, because wherever I traveled, no one wanted to take any of my greenbacks, ever.
Posted by: Desert Blondie   2006-06-17 06:29  

#4  The currency of the North American continent is the US dollar. Trying to replace the dollar is on a par with New Coke.
Posted by: RWV   2006-06-17 03:18  

#3  "Share" - Heh, ed. Good one, lol.
Posted by: Phealing Thraish8177   2006-06-17 03:07  

#2  Sure, we'll share the dollar when you share the oil fields.
Posted by: ed   2006-06-17 02:19  

#1  Oh, yeah. Heluva good idea. Let Vicente Fox and the Canuckistan socialists into the monetary henhouse. Kyoto didn't fly, so is this the next Tranzi idea to ruin the U.S. economy?
Posted by: PBMcL   2006-06-17 01:56  

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