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	<title>CriticallyThought &#187; $</title>
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	<description>Together, we can all commit economic suicide!</description>
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		<title>Monetary Unions and the Future&#8230;</title>
		<link>http://www.criticallythought.com/2008/09/monetary-unions-and-the-future/</link>
		<comments>http://www.criticallythought.com/2008/09/monetary-unions-and-the-future/#comments</comments>
		<pubDate>Tue, 23 Sep 2008 19:17:06 +0000</pubDate>
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				<category><![CDATA[Criticisms]]></category>
		<category><![CDATA[Intellectual]]></category>
		<category><![CDATA[]]></category>
		<category><![CDATA[$]]></category>
		<category><![CDATA[Amero]]></category>
		<category><![CDATA[Canada]]></category>
		<category><![CDATA[devaluation of the dollar]]></category>
		<category><![CDATA[Euro]]></category>
		<category><![CDATA[Mexico]]></category>
		<category><![CDATA[Monetary Unions]]></category>
		<category><![CDATA[North American Monetary Union]]></category>
		<category><![CDATA[Speculation]]></category>
		<category><![CDATA[trade deficit]]></category>
		<category><![CDATA[United States]]></category>

		<guid isPermaLink="false">http://www.criticallythought.com/?p=16</guid>
		<description><![CDATA[Speculation on the North American Monetary Union, aka the Amero, has been increasing in recent months. This may just be a result of the economic recession that the U.S. is facing, but regardless, more people are talking about it almost &#8230; <a href="http://www.criticallythought.com/2008/09/monetary-unions-and-the-future/">Continue reading <span class="meta-nav">&#8594;</span></a>]]></description>
			<content:encoded><![CDATA[<p>Speculation on the North American Monetary Union, aka the Amero, has been increasing in recent months. This may just be a result of the economic recession that the U.S. is facing, but regardless, more people are talking about it almost a decade after it was first proposed in 1999 by Canadian economist <a href="http://en.wikipedia.org/wiki/Herbert_G._Grubel" class="mw-redirect" title="Herbert G. Grubel">Herbert G. Grubel</a><span class="mw-redirect">.</span> Mr. Grubel introduced the idea in the release of his book, which it&#8217;s release was the same year that the European Union implemented their currency, the Euro.</p>
<p>With the growing notion that corporate globalization, is the way of the future it makes perfect sense as to why the Amero would be a good thing. With the US economy in a state of financial turmoil it seems to make sense that the Fed could be using an invisible but guiding hand to lay the ground work for a majority to willingly accept the Amero proposal, and minimize any opposition.</p>
<p>Introducing monetary unions can do some amazing and unique things. It alligns countries political ambitions and requires them to work together in the interest of everyone&#8217;s financial well being. It could be said that in the future, it may not be a country that is considered a world super power, but a monetary union. Creating a monetary union in North America would ad some liquidity for the citizens by allowing them to use the same currency in a larger geographic area. Furthermore, strength in numbers, China is often viewed as a friend best kept at arms lenght. Their population is driving their economy right now, and by implementing the Amero, it would put more people under the Amero &#8220;flag&#8221;, China and Mexico both have inexpensive labor forces, the Amero would allow the US and Canada to take advantage of Mexico&#8217;s labor and help level one of the strategic advantages that China has.</p>
<p>The US trade deficit with China is a cause for alarm and Americans pray that they don&#8217;t call on our debt, but if we were to implement the Amero, even though the debt is the US&#8217;s to pay, it would severally stress the US&#8217;s economy which subsequently would be under the Amero. The pressure which would be put on the Amero, instead of a US dollar, is divided amongst 3 political borders instead of just one. Sort of a cushion&#8230; for Americans anyway. Or maybe a parachute to save ourselves from crashing completely, then again it could be the anchor that drags Canada and Mexico down with us.</p>
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