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

Hi everyone,

After reading and watching on YouTube about the possibility of the Amero, and a thread on CT ("Why you buy Silver"), I became curious about what would happen to my/our gold/silver investment values should our country go the way (like the Euro) to a American Currency (Amero).

I've read about how China, France and other countries have called for a single currency, so because I'm young and investing heavily (based on my income ratio), I'd like to know your thoughts. Up or down?

 

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With Greece and the Euro having problems I'm thinking you don't have to worry about the Amero, at least for now.

 

How would you feel if the US dropped the dollar and went to the Amero? I would feel very uneasy and wouldn't like it one bit. Confidence in the Amero would be way down and thus people would want stability like gold and silver. In my opinion when (not if) we adopt the Amero gold and silver will shoot way up.

 

The USA has the world's reserve currency now. I can't fathom any reason why it would want to give that up.

 

It won't be the US's choice when it fails.
Just like why would I want my car to break down...it just does.

 

How exactly does the $ fail?

 

So true.....

 

What I should say is that the Amero will be forced upon us rather than us "adopting" it.

 

Once again... Why???

The US dollar is the premier world currency.... why would we want to share that with anyone????

They would force us to give up the premier world currency so that we can adopt a currency with Canada and Mexico??? Not gonna happen...

 

But why would America want to do that? At what benefit? Who will be the reserve currency then? Why would we want to share currency with Mexico and Canada?

 

The benifit would not be for the American people, it would be for those with all the power and money. Read up on the Bilderberg Group. They would like to eventually have a world government and the way to do this is take baby steps.
I know, this is conspiracy stuff, but still something I have found very interesting.

 

I'm quite aware of the bilderberg group, maybe not in depth as others but I do know of their existence...

 

Even if this were absolutely true, their goals would be better served by staying with the $. The $ is already the defacto world's currency. Countries have to have it, for example, to buy oil. This gives the USA a huge benefit over control over the world's economies that would be immediately lost by some conversion to another currency. The idea of the Amero simply makes no since even to conspiracy

 

http://en.wikipedia.org/wiki/Optimal_currency_area

A North American currency union just plain wouldn't make sense.

If there were one, its fortunes would track those of the overwhelmingly largest economy within it.

 

Greece, Spain, Portugal and Ireland illustrate how having a unified currency can back fire. Usually when a country has debt problems as bad as these countries it does one thing to stimulate trade and bring in more outside money. It devalues its currency so trade with them is favorable. China is a prime example. They have kept their currency artifically low for decades to encourage the world to manufacture almost everything there.

With the Amero, we (read the US) would have to help bailout Mexico if they hit a major debt wall, since they would no longer be able to use the devaluation strategy.

Also, as others have stated, what advantages does the Amero have over the USD at this point? If we lost our place as the world's reserve currency, maybe it might make a little sense.

 

A country without its own currency isn't really a country and has lost control of its destiny.

 

That is a broad generalization which simply isn't true. There are 11-12 countries for example that use the USD as their own currency and they don't have any trouble with identity or control over their economies.

 

No, you must be thinking of China. What the US has is the worlds fastest printing press.

 

lol