The other day I met some canadians and they asked me what I thought about the amero.
I never heard of it before so I asked what exactly they were talking about and the mentioned that like the euro it would be a currency used between canada, USA and mexico (north american countries). I told her that I didnt think the idea woudl take off anytime soon if at all.
Now, what do you think? do you think the Amero will be the next currency like the euro?
Someone told me once, that it would just be better if the world used one type of currency. :)
Why would the mexicans trade their hard currency into something worthless like the US $ ?
Do you actually know something about the comparative values of the peso and the dollar or did you simply think of something clever to say?
It seems to me (and I base this on our illegal immigration problem) that millions of Mexicans trade quite a lot more than their hard currency for U.S. dollars.
Exactly. If our dollar was so worthless they wouldnt be over here living 20 people to one apartment to send OUR dollar back to their people in Mexico.
Originally posted by yakatme:
Originally posted by eyewave:
Why would the mexicans trade their hard currency into something worthless like the US $ ?
Do you actually know something about the comparative values of the peso and the dollar or did you simply think of something clever to say?
It seems to me (and I base this on our illegal immigration problem) that millions of Mexicans trade quite a lot more than their hard currency for U.S. dollars.
While I think it is highly unlikely to occur in the near future, the difference in valuations of the USD, CD and MP would not be a big obstacle. When the EU created the Euro, there were huge discrepancies between the francs, lira, guilders, etc. Minting for each country would relative to their GDP. Currently the USD is 1:10.42 to the MXN and 1:1.02 to the CAD. If we step out of our irrational nationalistic mindset, this idea seems to make a lot of sense for the region, although, I think to have a true benefit it would need to include more than just the 3 NA countries. Brazil, whose economy is growing and their Real is gaining strength, would be valuable component. Argentina and Caymans as well.
Of course, the argument can be made it has served those countries well who opted out of the EU/Euro (UK, Norway, Denmark, etc.)
I'd love to hear some insights on shortcoming of the Euro conversion from those who lived through the changeover. I still have some Francs and Lira I'd like to trade - any takers?
It's not that we dont have a sense of humor. You are from Germany so how are we to know it was sarcasm when you didn't show any evidence of it. I dont know anything about Germany so therefore I dont speak on it.
Originally posted by eyewave:
Thank you Jaime, you just proved only one out of four Americans has a sense of humor when it gets to their national symbols.
I have never heard of this concept and frankly, why would Canada want to do this now? Maybe a few years ago but now that our dollar is king in North America, this will never fly here. Mexico has been wanting this forever though and I wonder why... /roll
Can't ever see this happening, wouldn't be any benefit to the US from a move like this, barring a complete meltdown of the US economy. Now THAT point is a fair topic for debate though...
Friends from Europe please jump in if I'm wrong about this but I think there was a lot of concern prior to conversion to the Euro that the stronger economies would effectively be propping up the weaker ones, and that the weaker economies would perhaps lose motivation to develop, except for fear of being expelled from the EU.
The other day I met some canadians and they asked me what I thought about the amero.
I never heard of it before...
I heard about this, but not through mainstream media, and i know not many Americans really know about it. It isn't in the news in the common media. But something like this has to be decided by a team of leaders that would include heads of countries. So if this is underway it seems that this team is keeping it a low profile in the US. Its like they know most Americans would not go for it. Better to keep quiet until the time is ripe. Also i think NAFTA is part of making things ripe and also allowing the illegal immigration problem to grow. It would seem that to create a common currency the economic playing fields of the countries involved needs to be more level. These are just my observations.
