The “Amero”
September 5, 2007
Never have I been so nervous about posting something in my life. But given the lack of discussion around the water cooler about this, it needs to be known.
It’s amazing that something so significant can get so little press. And yet, it’s something that’s happening right under our nose. The “Amero”. What is the Amero? It’s a (as such) hypothetical currency that would be common between the United States, Canada, and Mexico. It’s similar to the “Euro” in Europe, with the Union to boot (the “North American Union,” that is).
Stomach turned yet?
When I first heard about this, I was skeptical. However, the more I research, the more I find. A simple Google search turns up a wealth of information. The more credible sources still herald the North American Union and the Amero as theoretical. The less-than-credible-but-no-reason-they-would-be-wrong sources are claiming that the currency is already being printed and stamped and the North American Union will be in place by 2010.
The main reason major news sources don’t give much credence to the Union coming to pass beyond the theoretical is the fact that the US Dollar is so much stronger than the other currencies in this new Union. The imbalance would be of little incentive to the non-US countries.
However, if one examines the value the US Dollar has in the global economy over the last 5-10 years, it’s very easy to see some alarming trends.
The US Dollar’s value has tumbled. Tremendously. It’s worth less than the Euro and the British Pound (GBP) by quite a bit. It used to be you needed two British pounds to get a US Dollar. The reverse is now true. The GBP is worth over twice as much as the US Dollar.
Who cares?
Well, let me put it this way. Imagine if you had a million dollars. You’d feel rich! Imagine, now, that you had a million pesos instead. Whoopee! That’s about 90,000 US Dollars. Not chump change, but you certainly couldn’t retire with that.
Bottom line, whatever value you place on the money in your savings account, your 401k, your IRA or any other retirement plan today will mean squat in 4-8 years if the US Dollar’s value drops off the face of the planet. The Amero would do just that.
So what can we do?
Unless Congress puts the brakes on the whole North American Union, I’d say the Amero’s pretty much going to happen. We can prepare ourselves, though. The purists will tell you to invest in silver or gold, or other non-currency based investments. That’s a bit much for Joe Shmoe to swallow, I imagine. However, there are far simpler things you can do.
If you have a substantial amount of debt… get rid of it. Do what it takes to pay off your car, your house, that home equity loan you got when rates were low. And please, please get those credit cards paid off. The less you owe when this all goes down, the less it will effect you. And if I’m wrong, and this whole NAU stuff turns out to just be rhetoric… well, hey, you’ll be debt free.
And don’t think you can’t do it. The only barrier between you and being debt free is your own willingness to cut back on the crap you don’t need. Living in servitude to the monthly payment is merely a mindset. Imagine what you could do if you didn’t owe money. The idea that we have to live in debt is the biggest lie in the “American Dream,” and almost all of us have fallen for it hook, line, and sinker.
Amero Links:
http://en.wikipedia.org/wiki/Amero - Wiki Article
http://www.amerocurrency.com - Anti-Amero Website
http://www.spp.gov - The US office pushing the Union
http://www.nsi-ins.ca/english/news_views/oped19.asp - Op Ed on the Amero
http://www.humanevents.com/article.php?id=14965 (Warning - Conservatives on steroids)
Video Links:
Not much, but this is as close as the mainstream media has come to mentioning the Amero: You Tube Video about Amero
It was a good day today. I was a bit worried about how things would pan out, but the rain ended early in the morning and we had a good sunny day. A bit humid, but not too bad. We got a picnic table which I assembled this morning. We also got some really nice tiki torches and really spruced up the back yard for evening events. 



I’ve been considering replacing our incandescent light bulbs with CFL’s (compact fluorescent light bulbs) for quite a while, now. After looking at the whole CFL vs. Incandescent light bulb debate on the internet, I’ve noticed there’s a lot of neigh-sayers against CFL’s.