destruction of the US dollar cannot be far away.
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dun worry lah, most of us use Sing dollars
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Originally posted by zaxis:
Just wonder is it possible to do that kind of thing. Would other countries allow it?
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Originally posted by pearlie27:
Just wonder is it possible to do that kind of thing. Would other countries allow it?
Well, you are talking about the country with the world's most advanced army here.Can't imagine it happening though, so they're just going to take away 90% of their national debt just like that? Feels like that will hit us far worse than the recent financial crisis.
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You believe?
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No, not really. This pretty much goes beyond what i would consider to be sane.
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Originally posted by zaxis:
this could trigger a world war!
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Since the Fed was established in 1913, the value of the USD has fallen about 97%. So it wouldnt be a surprise if the USD really self-destructed in the near future. Thats why an alternative currency is already being planned- called the Amero, under the aegis of NAFTA and the SPP, that aims at EU-styled integration between the US, Canada and Mexico.
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Are you serious about this amero? -
See that guy on CNBC (above youtube video).
Besides, the leading think-tank in the US has already put forward white papers and held talks on a North American Community, just like the European Community.
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If hyperinflation hits the US, we are all screwed, and so is China, which will find all its US treasury bonds useless.
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sound real
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Well, money is just pieces of paper anyway. We give them value in our minds.
Whereas the USD prior to 1933 had actual value to the individual and value to countries prior to 1971, its backed by nothing today. Its not very difficult to see the USD's destruction as more worthless pieces of paper are being printed as part of the grand theft, I mean bailout of the bankers ($3 trillion+).
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Pictures of the new currency that will supposedly replace the US dollar have appeared on the Russian Internet. The United States is reportedly working on the new currency, the amero, which will be common for the USA, Mexico and Canada. The unstable financial situation in the world, the collapsing oil prices and the growing foreign debt of the United States may eventually crush the US dollar as the world’s major currency. Needless to say that the US authorities reject the rumors and promise to keep the dollar afloat.
Amero to become USA’s new currency when dollar collapsesAmero notes have no portraits of US presidents on them and resemble the Belarussian rubles. For example, there is an image of a deer depicted on a 50-amero note, whereas a picture of a pyramid of Mexican Indians can be seen on a 100-amero note.
The amero follows the model of the European Union and its euro. It brings up the idea that the new currency can be adopted by the USA, Canada and Mexico within the scope of the North American Union, which the Bush administration established in 2005 under the Security and Prosperity Partnership of North America (SPP).
On April 6, 2005, the US Treasury announced the formation of the Financial Services Working Group to assist in the SPP’s ‘prosperity’ plans. According to its own press release, the US Treasury’s Financial Services Working Group said it “will play a critical role in the SPP.”
Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency, as part of a "North American Union (NAU)" No current members of any country's government have officially stated a desire to create such a body, nor introduce a common currency.
The idea for a North American currency union was first proposed in 1999 by Canadian economist Herbert G. Grubel. A senior fellow of the conservative Fraser Institute think-tank, he published a book titled The Case for the Amero in September 1999, the year that the euro became a virtual currency. Another Canadian think-tank, the C.D. Howe Institute, advocates the creation of a shared currency between Canada and the United States .
After the report came out, center-left nationalist groups in Canada expressed their opposition to any currency union because they view it as an attempt by American businesses to gain access to Canada 's extensive natural resources while dismantling the nation's social services. The 100,000 member strong Council of Canadians, a progressive advocacy group, has declared one of its central issues to be the threat of "deep integration".
Dr. Robert Pastor, in a 2001 book, suggested a common currency should be a foundation of "macro economic cooperation" among the three NAFTA countries. However, the 2005 Independent Task Force on North America, which he chaired, did not recommend a common currency, nor does Pastor in the section for additional and dissenting views suggest a common currency should be a goal.
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Is the idea of regional integration a "conspiracy theory" when NAFTA and the SPP have already "harmonised" regulations between the 3 just like the European Coal and Steel Community, the EEC and the EC did?
Is it a conspiracy theory when ASEAN is already discussing further regional integration (common currency, market etc)?
Or is the term "conspiracy theory" a word for Orwellian crimestop that causes people to stop thinking further into these issues?
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they should name the new currency Duriano.
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This is clever
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Originally posted by pearlie27:
Just wonder is it possible to do that kind of thing. Would other countries allow it?
The correct question would be.. will US give up control over their own currency? What is the impact to US, Mexico and Canada's sovereignty and trade impact?In short.. the answer is "No". It will never happen because of US interests. You should you able to take reference from UK's refusal to join the Euro and the immediate impact of Euro on EU countries right after Euro launch (whose exchange rate is far lower).
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Then why does the British Parliament act like a rubber-stamp of the EU Parliament nowadays?
Why does the EU cost Britain 106k pounds per minute?
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$10 trillion of national debt how not to think how to solve...
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it would be hard to believe if such action are taken without the congressman approval.
what good does it serve the US if the rest of the world are busted?
will it create more chaos? will be do any good to the US national security? will be it any good to the US trade?
i dont think it is possible.
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In a Wiki article, both US and Canadian officials show no interest in the creation of the Amero.
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Still doesnt change the trend created by NAFTA and the SPP.
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Destruction might be a bit far away to see, but the decline is already in progress.
An interesting video in 2007 : http://www.youtube.com/watch?v=3RhnHo3RDfg
The correlation between dollar and gold seems to tell us pretty much what to do and what to expect.