Channel Button

There are 24 articles on this title. You are reading the article ranked and rated #5 by Helium's members.

Debate_icon

Politics, News & Issues   >

Political & Economic Theory

Get a Widget for this title

The Amero: Should the US support a North American-wide currency like the Euro?

Results so far:

No
72% 166 votes Total: 229 votes
Yes
28% 63 votes

It is surprising to see the 'Amero' being discussed so soon in the mainstream, but if you've been following the developments regarding NAFTA(North American Free Trade Agreement) then you would know something about this new currency... coming to a ATM machine near you. Simply put, the Amero could be the most serious attack on the independence of United States of America in its history.

Judging by the gradual devaluation of the dollar since 2000(it's lost 60% of its value since then), it's likely that our dollar will eventually bottom out at $2.5 per Euro and with it, we will see oil prices spiking at around $200 per barrel. You might ask, how does this work? During the dollar's recent slide, the Federal Reserve Bank repeatedly printed large sums of money and pumped it into the system, further devaluing our nation's currency beyond recognition. Foreign dollar reserves will also soon disappear as dollars get dumped on to the international market. And like an equation, as the dollar drops in value, oil goes up in price. When oil rises rapidly, the cost of business goes up- cars will become more expensive, milk will go up, commodities go up and so on. American will soon gain painful first experience- the same pain it has often induced in countries like Argentina, Germany and Brazil... hyper-inflation. As a part of a relief package, the new Amero will be presented as a panacea or 'solution' by our saviors, the Federal Reserve- by order of the European Central Banks. So do not be surprised in about two years time, when the Central Bankers will rear their heads and say "hey, here's a new currency. This will solve all of our economic problems".

It will likely be a done deal by the time it reaches the public announcement stage, hence, the choice will not belong to the American people. With that, you will see the smashing of our Constitutional Republic as we know it.

To understand what the Amero really is, you must first understand the money system in the USA. The problem with our money begins and ends with our own, privately owned banking cartel known as the US Federal Reserve Bank. But don't be fooled so easily, it is neither 'federal', nor does it have any 'reserves'. According to US law, it is definitely unconstitutional, many claim it is outright illegal. The Fed represents a collection of private European owned banks who were given the license to print the US dollar in 1913. The Fed then lend these US dollars to the US Government at a whopping 17.5% interest.


Below are the top articles rated and ranked by Helium members on:

The Amero: Should the US support a North American-wide currency like the Euro?

No
  • 1 of 16

    by J J Debar

    Currency in today's society is the final bastion protecting independence of state and culture. The world's two large...read more

  • 2 of 16

    by Carmella Dillman

    I have to admit, this is the first time I've heard of this concept. I don't know many of the details but I disagree ...read more

Yes
  • 1 of 8

    by Solarfinder

    Today, we are faced with the ever growing prospect of a single economy. Between mergers of financial institutions in...read more

  • 2 of 8

    by David Ireland

    Having recently returned from traveling in the U.S., Canada and Mexico. The most singularly annoying aspect of travel...read more

Add your voice

Know something about The Amero: Should the US support a North American-wide currency like the Euro??
We want to hear your view. Write_penWrite now!

What do you think?
We want to know.
  • Write now.
  • Voice your opinion.
  • Reach millions.
Join Helium Today

Already a member? Log in.

105799

Featured Partner

AmericaSpeaks

AmericaSpeaks connects citizens with decision makers to discuss the most critical policy issues of today. Using i...more

What is Helium? | Help | Contact Us | Community | Helium’s Official Blog | Link to Helium | Privacy | User agreement | DMCA

Helium, Inc.
200 Brickstone Square Andover, MA 01810 USA