North American Union?

[KevinD]

For it or against it?

What about an Amero currency?

I haven't a clue...

[nnuut]

For it or against it?

What about an Amero currency?

I haven't a clue...
USA, Mexico and Canada setup like the EU, they have the Euro we would have the Poass!!!!:laugh:

[KevinD]

I haven't studied either but there have been 2 "unions" that I know of. The European Union and the Soviet Union.

What could it hurt? :confused:

There's one person that I know of that seems to be planning for the worst...

http://www.tsptalk.com/mb/showthread.php?t=6450

I don't subscribe to the precious metals theory. I figure land is the best hedge against Mad Max. I'm looking to grow corn, beans, potatoes...raise hogs, cows, chickens, goats.

Theres about 10 acres left of the old family farm in a neighboring town thats looking pretty good about now. :laugh:

[KevinD]

I have friends in Canada that I haven't seen in a while. Open borders would make it a little easier to get up there. And I've always wanted to go to Baja.

[KevinD]

Really...what could it hurt?

[Frixxxx]

I have friends in Canada that I haven't seen in a while. Open borders would make it a little easier to get up there. And I've always wanted to go to Baja.
Um, KevinD, you scare me....Easier to get into Canada? Exactly what makes it hard now?:worried:

[Silverbird]

Whoooaaa. This is VERY unlikely. North American Free Trade Area is DoA. Both the US and Mexico are suffering from "buyer's remorse" with NAFTA. Off the radar screen with us trade folks, last I checked.

[KevinD]

OK...bad example.

I'm just trying to find out the pros and cons.

[Frixxxx]

Even though our land is linked, we are three different worlds. Also, the USD is so entrenched in the global economy that it would send a ton of unknowns into the mix.

The Euro works because of the economic similarites that are faced based on a ton of economic indicators. But as you see, the UK still has the Pound because of how entrenched IT is in the global economy. The Euro also works because travel between their countries is like travel between our states. A train can have you from Spain to Holland in less than a day and trying to exchange all the countries currencies in between becomes a sheer hassle.

Also, Mexico is still pretty much considered "third world" and would bring DOWN value to the US.

Then you have to convert all three nations to the currency which in itself is a financial, logistical nightmare.

My $0.02 USD

[fabijo]

The NAU has been being planned for a while. It's going to happen eventually. Mexico already imports about $250,000,000,000 of goods from us every year. The Peso has been gaining on the dollar in the past few years - well, I guess every currency has been.

From over two years ago:
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[fabijo]

Here's one from June 21, 2007

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[fabijo]

And of course, you need to keep your eye on the Council on Foreign Relations. And especially try to keep your eye on Rockefeller:

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[KevinD]

Would the NAU be good or bad? I guess it depends on your perspective...

How would an Amero currency affect our retirement savings?

[fabijo]

Well, since the dollar has been falling in comparison to the Canadian Dollar(now about equal) and the Mexican Peso for the past few years, one could argue that an Amero would stabilize our currency.

[Show-me]

If you like the wages of Mexico's labor and the government socialism of Canada. Great idea. NAFTA the first step, "hear that giant sucking sound".

[fabijo]

Isn't this a nice image from the USDA website?

http://www.fas.usda.gov/itp/Policy/nafta/NAFTA_logosmall.jpg

On this page about how NAFTA affects agricultural trade between these three countries.
http://www.fas.usda.gov/itp/Policy/nafta/nafta.asp

[fabijo]

And the New World Order marches on as planned. No changes to Nafta for now:

http://www.bloomberg.com/apps/news?pid=20601086&sid=afMGJWpaPjNI

Obama Praises Calderon, Urges Cooperation With Mexico


The “friendship between the U.S. and Mexico has been strong,” Obama told reporters today after meeting with Calderon at the Mexican Cultural Institute in Washington. “I believe it can be even stronger.”


Neither man mentioned any discussion of the 1994 North American Free Trade Agreement, which includes Canada. Obama said during the primary race for the Democratic presidential nomination that he wanted to renegotiate the treaty to include stricter labor and environmental provisions. He softened his position during the general election campaign.

Yesterday, the president-elect said in an interview on ABC’s “This Week” that reviving the U.S. economy will require scaling back on his campaign promises. That could mean pushing aside any changes in Nafta.