I know I am brining up an old thread by doing this, but I got to thinking (yay me
) a few days ago and I have come to the conclusion that ceterius
peribus (all else staying the same) and just looking at things from an economic standpoint (as in no jerks in the Government or a NWO organization
pulling puppet strings), the idea of combining currencies is a logical economic building tool. I'm not an expert on economics, but I've had a good
deal of coursework in them here in college.
Now I know many of you on here are looking for pitchforks and torches after that, but please hear me out, I'm not a sell out. I'll keep my good old
dollars as long as I can, even fight for them, but the facts of the world must be looked at as well with unemotional eyes to understand things:
1) The US dollar is falling...ish. It's definately not the #1 currency in the world (never was), and has been falling down consistantly for some
2) The value of the US Dollar is determined by the global marketplace for currencies. This is a system set up in the 1970's to replace the gold
standard to help balance the montary market for trade. It works just as any other market. If demand outstrips supply, the value (or price) goes up.
If supply outstrips demand, the value drops.
3) The United States in and of itself has become increasingly unpopular since the mistakes made in Iraq (as in invading), and the soon mistake of
doing anything about Iran (And if you don't think the global popularity of the US is dropping, you should be smacked with a truth stick and stop
watching Fox News Opinion: A US Leadership to
4) So long as the United States is unpopular the demand will be swamped with supply and the relative value of the dollar will be lower than in the
past. Anything done that gets more people ticked at them will get the dollar's value down even more.
Keeping these things in mind, from an economic perspective, let's look at the reason why the Amero is a "good" economic thing. (Disclaimer: I
do not support the Amero, but someone needs to play devil's advocate, and I've got some college under my belt in economics and foreign exchanges, so
I'm giving it a shot)
1) If the supply of dollars is too great to satisfy the international community then the way to solve the value problem is to begin to remove dollars
off of the market byhaving the Federal Reserver raise interest rates on the securities that the US Treasury issues onto the market (this is how
dollars are bought and sold on the global exchange), this takes dollars out of the market by making them more expensive to hold. Bernanke of the
Federal Reserve cannot do this though without causing inflation and risking stagflation.
2) The US government deficit doesn't help matters either, because it is funding by the same tool as the Federal Reserve's interest rate tool, US
Treasury bonds. Poli-chickens won't touch the policies that they have in place to free up the money to begin paying down the debt to sop up the
extra dollars in the market because they won't be re-elected the next time for taking all of the pork out of their bills, and cutting back on
3) The solution then? Ditch the Dollar and get something else that you can control the flow of into the market. Here comes the Amero. Combining the
three nation's currencies would begin to negate the problems of monetary worth because at first there would be fe Amero's availible on the market,
and if an exchange rate were to be set that it took $1.5 (or more) to buy 1 Amero, you would then get your tool to sop up the availible dollars(as
they disappear), AND start to "heal" the economic problems of the US. (Of course at the same time, the new mandate could just void all outstanding
treasuries and cause a global economic panic to trade them to something else, making the Dollar worth even less and causing the people of the US to be
unable to buy the new currency because it'll be more along the lines of $20 to 1 Amero.)
Now, that being said, I believe that should (or when, depending on your beliefs) this happens, it will cause a domino effect throughout the world, and
we will see 4 "super-currencies" and 2 regional ones, with a few outliers/question marks. I'm not saying it'd be an overnight change, but it
would most likely happen, and as a previous poster said: It's all just a stepping stone.