Time To Sell Your Dollars?
thefadd.
Posted to Scoop on Thu Oct 11, 2007 at 08:09:45 AM EST (promoted by port1080). RSS.
America's current precarious economic situation is well documented. The leanings of its federal government toward ever-expanding internationalist programs is also well documented. Enter the perfect storm: new currency.
Such rumors abound on the internet, buoyed by this single mention in the mainstream press, that serious monetary policy may very well be in the works for a potentially united North America. Whereas movement to the Euro was openly debated and bandied about for years prior, the potential change over to the "Amero" has only found the ears of internet whisperers.
Should China look to call the US currency it holds, such a move would make economic sense. The Chinese would be forced to negotiate a new value for such a currency as it would include the economic might of the US, Canada and Mexico. But would such blatant usurpation of US political norms spell the end for already dwindling power outside of federal governance?
< The law, in majestic equality, forbids the rich as well as poor to beg in the streets.
Steve Earle - Washington Square Serenade [review] >
