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 Replies: 27 / Views: 5,382 |
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Valued Member
United States
163 Posts |
I had a relative just call me and tell me about something she heard on the radio about "Amero Currency". Supposedly, the United States is going to drop the dollar and merge with Canada and Mexico to create a new currency similar to the euro. My relative warned me to start disposing of my dollar bill collection, as it is about to be worthless. I told her that if they did get rid of the dollar, it would become worthless immediately after. Then, if it starts to become a collector's item in the future, I already have a lot of them.
I, personally, don't believe that the United States would be able to do that. We have too many things to worry about now than to change our currency. Just fun for thought, though, how do you (everyone on the forum) think the values of dollar bills and coins would fluctuate if the dollar was no longer the currency? Would there be an initial decline in value, then a rise over the years? Aside from the metal content, what would the value of our coins be?
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Pillar of the Community
United States
1431 Posts |
It's just another kooky conspiracy theory that doesn't make sense.
You'd have to be off your rocker to think that the U.S. would EVER merge currencies with the economic disaster that is Mexico.
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Pillar of the Community
 Canada
9862 Posts |
It'll never come to pass.Canadians like colour in their currency Americans don't.
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Pillar of the Community
United States
2448 Posts |
That's what they said about NAFTA...Kooky. But you're probably right, not in our life time. Besides on December 21, 2012 old mother earth will take care of everything. Golly, I'd better get to selling my gold coins. LOL
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Pillar of the Community
Canada
1733 Posts |
Some of the "Amero" funny money is beautiful. google it, looks cool. There are two key things (and many more minor ones besides) preventing this. First, Mexico is an economic disaster zone with rampant corruption and nonsense being the rule of the day. Second, Canada has a super tight fiscal policy compared to the US despite is socialistic political leanings and that doesn't jive with the US freewheeling spending policy. Given the North to South fiscally conservative to totally insane monetary policies, it's more effort than it's worth. Besides both Canada and Mexico would have to give inflationary control and monetary policy over to the US given the sheer size of the US economy, I know Canada isn't into that. A distant third place is the Canadian "I'm not an American" point of view. Though the reality is that we are basically culturally the same - more so than any other G8 economic powers, everyone wants to be different so they find ways to say they are. I hold both passports (CAN/US) but I identify as a Canadian. If I'm in Japan or the UK, everyone thinks I'm American. I'm in the US, they pick me out as a Canadian the first time I say "eh" or spell colour with it's (correct here) extra u. Either that or they just think I'm a moron  |
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Valued Member
United States
442 Posts |
Some people have multiple millions of dollars in there bank accounts so I dont think there hard earned dollars will completly drop in value maybe a percentage if they merge into a new kind of universal currency .
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Valued Member
United States
53 Posts |
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Pillar of the Community
United States
850 Posts |
The Euro was practical because of how many different countries there are in Europe. To get from one side to the other side of europe you would have to exchange currency MANY times. Look here. To get from west to east you will never exchange currency. You go from south to north then you exchange currency only twice.
In Europe this was practical but in North America it is not
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Pillar of the Community
United States
1388 Posts |
The "Amero" currency/coin conspiracy was started by coin designer Daniel Carr and the Moonlight Mint... He designed a couple State Quarters and does some stunning fantasy pieces/counterfeits(whichever way you wanna look at it)... |
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Bedrock of the Community
United States
17884 Posts |
Quote:
You go from south to north then you exchange currency only twice. And you can go a long way before you have to make those changes. Not so in pre-euro europe. Quote:
The "Amero" currency/coin conspiracy was started by coin designer Daniel Carr and the Moonlight Mint... He didn't start it, it was around before he made his Amero pieces, but once he DID the Amero consiracy people grabbed onto his coins calling them proof that the Amero was coming and that these were test pieces smuggled out of the Denver mint. (Because they took the D designers initial on the coin to be a Denver Mintmark.) |
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Moderator
 Australia
16810 Posts |
Here's one of many old threads on the subject posted back when Daniel Carr first started making "amero fantasy patterns" in 2007. Do a forum search for "amero" with the archive box ticked, and you will find a couple dozen more. Quote:
He didn't start it, it was around before he made his Amero pieces, but once he DID the Amero conspiracy people grabbed onto his coins calling them proof that the Amero was coming and that these were test pieces smuggled out of the Denver mint. (Because they took the D designers initial on the coin to be a Denver Mintmark.) What really set off the conspiracy theorists was the fact that Daniel Carr has actually designed some US coins (specifically, the New York and Rhode Island State Quarters). Daniel Carr therefore became a "worker at the US mint" in the eyes of the conspiracy-nuts. Quote:
Just fun for thought, though, how do you (everyone on the forum) think the values of dollar bills and coins would fluctuate if the dollar was no longer the currency? Would there be an initial decline in value, then a rise over the years? Aside from the metal content, what would the value of our coins be? That would to a large extent depend on what your government decided to do with the old dollar once it became obsolete. Look at Europe and what the different countries have done with their obsolete currencies. In France, people were given three years to hand in their franc coins and 10 years to hand in their franc notes, but only at the central bank itself and from next year they no longer will be able to do so, while in Germany the deutschemark is still exchangeable at banks. Perhaps not surprisingly, French franc banknotes are now worth less than their German equivalents, while French franc coins are now only worth scrap metal value. I should also point out that the French situation was by no means unexpected; the Bank of France has always had a policy of writing off banknotes after ten years and refusing to redeem them, so French people have long gotten out of the habit of stashing bundles of banknotes away. America has no such tradition, so I think it's extremely unlikely that if a new currency were adopted, the old dollar would suddenly become worthless. Far more likely that the US dollar notes and coins would remain exchangeable at banks indefinitely - in which case, there would be no drop in value for old coins and notes once the change took place. The survivors would become more and more valuable as more and more old money would be cashed in each year, to be withdrawn and destroyed. The US economy is far larger than any individual pre-euro nation's economy, so introducing a new currency would be a far more time-consuming process. There would be plenty of advance notice - in Europe, a unified currency was formally agreed-to in 1992, the euro was "introduced" as an electronic unit of money in 1999, and coins and banknotes did not appear until 2002 - ten years after the announcement. Suddenly springing a currency reform upon an unsuspecting populace and declaring all the old money instantly worthless is what Stalinist dictatorships like North Korea do (they've done it four or five times since 1950). America cares about what other countries think of its currency, and will no doubt continue to do so in the foreseeable future.
Don't say "infinitely" when you mean "very"; otherwise, you'll have no word left when you want to talk about something really infinite. - C. S. Lewis
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New Member
United States
24 Posts |
I don't see this happening. If it did, I think all South American coutries would have to be involved. For the most part their is free travel between the US and Canada. Because of illegal immagration, it's a liitle harder for South American citizens to get into the US. Why do they need a universal currency?
Besides plastic is accepted everywhere. I would be more concerned the US goverment doing away with physical currency and going to electric credits. It's easy to tax cash payments if cash no longer exists.
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Pillar of the Community
United States
1388 Posts |
My bad guys... I really phrased that wrong... Thanks for correcting my ignorance...  |
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Valued Member
United States
426 Posts |
Quote:
You'd have to be off your rocker to think that the U.S. would EVER merge currencies with the economic disaster that is Mexico Quote:
First, Mexico is an economic disaster zone with rampant corruption and nonsense being the rule of the day. Regarding the corruption and nonsense, agreed. However, I wouldn't go as far as saying Mexico is an economic disaster after all the Mexian Peso is the most traded currency in Latin America, third in the Americas and the 12th most traded currency in the world. But, yes I do believe that the it would NOT be in the interests of the US or Canada to merge currencies with a weaker economy/currency like Mexico's and I don't see any desire on the part of Mexico to give up the old Peso, as a matter of fact there's some debate to bring back Silver which would be awesome! Edited by RealPeso
03/29/2011 10:36 pm
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Pillar of the Community
United States
4897 Posts |
Centsless- "free travel" between the US and Canada ended a couple years ago. Need the old passport now, we go to Montreal, Torotno or Ottawa a few times a year. ,ot like the 80s when I was in high school Saint Catherine st. In Montreal was a monthly destination. LOL
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Pillar of the Community
Australia
652 Posts |
You can always become a state of Australia. Our currency, dollar for dollar, is worth more than yours. And its prettier. LOL
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Replies: 27 / Views: 5,382 |
Posted 03/29/2011 11:12 am
