9 Facts That Can Let You Unravel the Mystery of the Amero

According to different conspiracy theorists worldwide, the amero will exist in a world where the Canadian dollar, the Mexican peso, and the US dollar are all but a dream. As part of an NWO or New World Order, its implementation is believed to bring nothing but good since it is said to eliminate various complications for currency traders. However, you can’t help but wonder: is there a catch?

Here are 9 facts about the currency:

  1. As opposed to the majority of Canadians, the idea of the amero is supported in the province of Quebec, Canada. As the results of a poll, posted in the early 2000s, more than 50% of residents gave their thumbs up regarding a shared currency. According to various participants, its implementation is likely to be the cause of up to $3, 000, 000, 000 reductions in currency transactions.
  2. Herbert Grubel, an economics professor at the Fraser Institute in Vancouver, British Columbia, came up with the amero concept. According to him, the biggest gain of the union is putting an end to the wage arbitrage in the three North American countries. In some level, corruption would stop since there are major companies in these nations that hire laborers to take advantage of the exchange rates to be granted cheap fees.
  3. In Mexico, regardless of the disapproval of many Mexicans, the possibility of the amero replacing the national currency has once been addressed. It was Vicente Fox, a former Mexican president, who suggested that a union of North American countries could make way for a greater Mexico.
  4. The amero coins and banknotes are modeled after the Euro and are designed close to the Belarussian ruble. They don’t contain portraits of a country’s leaders.
  5. The amero currency has been subject to criticisms, too. For one, it has been said that a shared currency will only complicate matters. Particularly, it would require each of the involved countries to give up its power regarding domestic interest rates and inflation.
  6. The amero currency was created to have a monetary system that represents Canada, Mexico, and the United States in foreign exchange markets.
  7. While others are fully convinced that it isn’t fake, some people are in doubt whether the amero is real. Since an American radical radio host, Hal Turner, posted a fake picture of it in his blog in 2007, rumors, which centered on it being a spoof currency, began spreading. Considering that in the years ahead, the new monetary system has yet to be officially circulated, you may understand where they’re coming from.
  8. With regard to macroeconomic management, the introduction of the amero would mean evaluating the differences in the economies of Canada, Mexico, and the United States. While this could have both perks and drawbacks, it would cause the three countries to lose a considerable amount of autonomy.
  9. With the amero, among the worries that many traders no longer have to be bothered are: no increased figures regarding currency rates and reduced borrowing costs for the CAD, MXN, and USD; and no currency risks for North American exporters.

Some Facts and references have been taken from http://en.wikipedia.org/wiki/North_American_monetary_union and http://www.mtrading.in/education/

 

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