What would happen if we were to change to the "Amero"?

Yes, second mortgage is a good analogy. The speculation is that debts will be shifted over to the IMF, taking them off the balance sheet, so that spending can continue. Quite similar to what Enron were doing, shifting losses over to offshore entities.

 

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I'm trying to sort out in my mind what a particular belief-system has anything to do with a cut-and-dry topic that involves monetary policy.... Unless, of course, "belief system" was an innuendo meant to imply something else, which of course, isn't possible, since this isn't that kind of forum.

I concur with Fatima. Her statements agree with everything I've read in these matters.

 

There's a fairly good Wikipedia article about the past, present, and future of the Special Drawing Right.

 

And there goes my thread about what would hypothetically happen should to gold/silver investments should the U.S. convert to a North American Currency. LoL, talk about thread tacking! Only a few people actually answered my Q!

Trust me, I more than most follow up on the NWO and all that other stuff, but after buying PM's I have started to worry if it will keep the same value SHOULD we (U.S., Canad, and Mexico) go to a joint/single currency.

I am glad that this thread started a healthily, heated and much needed discussion, but for people like me, it was served pointless.

YES, I do fully believe in the bankers plans (Rockers, Roths, Morgans, Windsors, and others that haven't come to mind) but the reason for me asking this was because I KNOW the $ is doomed.

I never once asked IF we will go to the AMERO!

Lets rephrase this (hypothetically).

WHEN we go to the AMERO, what will happen to OUR Gold and Silver investments, up or down, and how long should we hold onto them?

 

Dont vote Obama (if we are even giving the option to vote) and there will be no Amero.

 

If the government does not take them like in 1933 you'll be good. Prices will rise or should I say the value of the metals will rise.

 

Thanks for the answer Duke.

 

The conversion to the Euro didn't cause a big swing in gold either way, and the combined EU economy is just as big as the US's.

 

When was THE last time that the goverment USED common sense???? HEALTH CARE??? CASH for CLUNKERS??? etc,etc,etc Doesn't matter anyway, because we are ALL socialist now, just ask TIME mag; Remember to share the wealth. GOLD & SILVER

 

Yeah, because being a socialist is such a bad thing, sharing/caring with/for our brothers and sisters is oh so bad, LOL. I'll remember your words when I see someone starving on the side of the road I'm walking past, hopefully for you it won't be you or one of your family members, hopefully for me it will be.

Seriously though, what does this have to DO with the original question...

 

To answer the OP original question.

If we were to change to the Amero, a lot depends on the value of the dollar related to the Peso, & the Canadian dollar.

If we were to change to the Amero today, ( Canadian dollar & the US dollar are almost equal : Peso much lower) PM prices would stay the same or rise a little.

If the dollar continues to fall, & becomes equal or close to the Peso, PM prices would be a lot higher. Your buying power will be a lot less, translating to higher everything.

I wouldnt worry over possible changes to our currency to the Amero. However, I would worry about history repeating itself, like what happened in 1933. Also, a possible gold or silver backed currency, to end most of the problems we have suffered through using fiat currency.

I THINK THIS THREAD IS DONE

 

Because some (not me [perhaps not yet]) have suggested that as the Government becomes more and more 'socialist' in nature, it will [eventually] affect North American monetary polic(ies).

Now, if pursuant to your statement... "sharing/caring with/for our brothers and sisters" translates to:

"Anti-Greed Act" - Redistribute income to all the starving looters on the side of road. AKA Charlie Rangel's promise to soak-the-rich tax bill. Now, enough of this, and it will indeed eventually affect U.S. monetary policy.

"Anti Dog-Eat-Dog Act" - Restrict cut-throat competition between firms and thus slow the wave of business bankruptcies; The more incompetent the looting business, the more handouts the politicians will bestow. AKA the $700 billion "Emergency Economic Stabilization Act" and the "Auto Industry Financing and Restructuring Act." Now, enough of this, and it will indeed eventually affect U.S. monetary policy.

 

What it has to do with" THE QUESTION " is, THE government forcing us to do it's will. What's best for the people, is not, also the best for those in POWER. MOST importantly it is ALWAYS better to GIVE ie. HELP your fellow man, Than to have the government take from one, and give to another. After taking it's share. AFC I would be willing to BET that you could do a BETTER job helping your FAMILY than the GOV. WITH Gold and Silver WE can ALL help our families.

 

Well, if this happened, their would be a conversion rate for dollars to Ameros, Canadian dollars to Ameros, and Pesos to Ameros. The ratios wouldn't be the same. They'd be based off of each countries currency value to the others. Maybe it takes 2 U.S. dollars to get one Amero. Maybe it takes 20 Pesos to get one Amero. Either way, gold will have to be priced in these Ameros. And the price would likely be half of what it is in U.S. dollars, as it takes two dollars to get one Amero.

Now, all the hype and craziness that would accompany such an event, like.....The sky is falling, the world is coming to end end, my liberty is being given away, there goes life as we knew it, the commies are taking over, and bullets are the new currency, blah, blah, blah hysteria would likely make the price of gold go up..