Amero

Good day... No I haven't heard of this and would US easily give up their currency status? I mean even UK hold on to it's sterling whilst the rest of europe turned to euros. And if this happen would this be advantageous to the US.

This rumor has been going around for awhile now but it's not likely to happen in anyone's lifetime. The biggest drawback of changing over to the Amero would be that it would restrict the United States on monetary policy. Interest Rates and "money printing" would be under the control of three countries rather than one. The United States would no longer stand alone in its trade negotiations with other countries of the world. The United States would be subject to the rules of the neighboring two countries which could reduce it's economic power. It just ain't gonna fly.

http://bankling.com/2009/... has the most information in one place about the story. It was difficult for me to verify this, since many sites saying different things, many claiming it is a hoax and bank sites saying that it may solve the weak dollar problem.

I am inclined that it is unlikely to happen though not impossible, so I won't be holding my breath.

Daniel Carr is an artist who have been "minting" Amero coins since 2007. They are only worth the metal they are made with though (and whatever artistic merit.)

I am a British national living in Germany, and I am a great fan of the Euro - it does not cost you a king's ransom in exchange costs any more when you travel to France, the Netherlands or Italy for example. There were also a lot of concerns when it was introduced that Spain and Italy would never be able to keep pace with other Eurozone nations, but this does not appear to have been too serious a problem.

So would it work with North America? Given the performance of the US Dollar over the last couple of years, I think that persuading the Canadians (who, last time I heard, were running surpluses) to participate may be a problem! And as for getting Mexico on the same page - it will need a lot of time.

The other thing to bear in mind is that the US Dollar is the reserve currency for all commodity prices, so this will impact everything from gold to coffee. So obviously a lot of thought and planning would have to go into it. I do not see it happening any time soon.