Could we strengthen the dollar by......

[Heather MC]

Creating a Currency like the EURO?
The Euro is backed by 17 countries, the plan of the Euro was to out perform the dollar
IT's working.

What would be the pros and cons of doing something like that here in the US and Canada, and Mexico, and Brazil?

Or was this the ultimate plan along for wrecking the dollar?

Ok just asking I don't have an opinion about this because I don't know enough about this subject. Which is why I am asking the question.

[Liberal In Texas]

1. You mean like the Amero?

http://en.wikipedia.org/wiki/North_American_currency_union

[Heather MC]

6. Thanks I had no idea someone thought of this besides me, what do you think of this idea?

My reservation would be the balance of contribution
I mean pardon my ignorance but I have always heard we had a stronger economy than Mexico.

So would it be like when three people get an Apartment together but only 2 are paying the rent?

[Terry in Austin]

14. Or maybe the Gringo

South American monetary union Unasur has already proposed the Latino, so why the heck not? Further support for the Gringo in Krugman's Parable of the Globo.

Kidding aside, the article is a good think-piece about where the idea of trans-national currencies could go if taken to its "logical" conclusion. Apparently, a one-size-fits-all currency doesn't even need to be global in scale to fit badly.

[2speak]

15. Someones receiver has temporarily lost signal methinks.

[dysfunctional press]

2. making it out of kevlar.

:think:

[Jackpine Radical]

4. Brilliant riposte.

I'm stealing that.

[dipsydoodle]

3. I don't think the original intention

was to out perform the dollar. Just a common currency for the EU.

[aasleka]

5. Promote travel and trade between close countries?

it coincided with the chunnel and high speed rails?

[dipsydoodle]

8. Something like that

but it preceeded the Chunnel but not the French TGV high speed trains.

Some notes here for you : http://en.wikipedia.org/wiki/Euro and here : http://news.bbc.co.uk/hi/english/static/in_depth/business/2001/euro_cash/history/default.stm

[Greyhound]

7. There are any number of things which would strengthen the Buck,

but we can't afford a strong dollar since we're looking at $11,000,000,000,000 of debt. That many strong dollars is a lot and he whole, "let's hide inflation by tanking the dollar" strategy falls apart.

It's just another of the incredibly stupid holes we've allowed ourselves to be thrown into so that we could pretend that we were doing well over the last three decades, while the people that matter looted everything that previous generations built up.

One would think that even Americans would realize that, when you find yourself in a hole, the first thing you should do is to stop digging.

[Heather MC]

9. But if we keep digging we might reach China, and they have all our money

:rofl:
Kidding
ha ha

[Greyhound]

11. LOL!

I was thinking that when I was writing that.


Great minds do move alike, but then again, so do our's...
:rofl::hi:

[Heather MC]

12. aww you called me great, you are soo right about that!

:rofl:

[The2ndWheel]

10. The dollar basically was the euro before the euro

We keep doing this thing half-assed. We have a global economy. We still have regional governments, with regional currencies. That's why global corporations have as much power as they do. They can play a large number of governments against each other. The only way government works is if it's a monopoly. All these various currencies around the world, competing against each other, hurts whatever nation has a declining currency.

If you're going to have a global economy, then there must be an infrastructure for a global government(that's the only way to regulate global corporations), and a single global currency(so that the purchasing power between two or more nations isn't a zero-sum game). America wouldn't work if we had multiple governments, and multiple currencies. The EU doesn't work if that's the way it's set up.

Saying all that, I wouldn't want any of that to happen. I'm in favor of a human scale world.

[Kip Humphrey]

13. Amero? Nothing like mixing in the peso to drive the dollar into the cellar!

:sarcasm: