*Perilous Times, Globalisation and the New World Order
Amero coinage and currency coming within decade?*
Strategist expects currency changes as Canadian dollar matches greenback
Posted: October 5, 2007
BankIntroductions.com, a Canadian company that specializes in global
banking strategies and currency consulting, is advising clients that the
amero may be the currency of North America within the next 10 years.
"The amero would compete against other regional currency blocks,"
BankIntroductions.com says. "At present, with the Canadian dollar
approaching par, more talk for an amero currency unit will become
popular in Canada."
The company says that with the successful implementation of NAFTA, "the
one dragging component for the amero will be Mexico, but in time this
will change."
"Implementation of the amero currency may actually give Mexico an
economic boost, thus helping to alleviate Mexican immigration pressures
into the United States for those Mexicans seeking financial gain,"
BankIntroductions.com advises.
"The amero one day may well be circulating throughout North America."
Matt Bell, president of BankIntroductions.com,said in an e-mail to "feel
free to quote our currency research on Canada. Our general opinion on
the amero stands as stated."
Coin designer Daniel Carr has issued for sale a series of private-issue
fantasy pattern amero coins that have drawn attention on the Internet.
The African Union is moving down the path of regional economic
integration, with the African Central Bank planning to create the "Gold
Mandela" as a single African continental currency by 2010.
The Council on Foreign Relations also has supported regional and global
currencies designed to replace nationally issued currencies.
In an article in the May/June issue of Foreign Affairs, entitled "The
End of National Currency," CFR economist Benn Steil asserted the dollar
is a temporary currency.
Steil concluded "countries should abandon monetary nationalism," moving
to adopt regional currencies, on the road to a global "one world currency."
Steve Previs, a vice president at Jeffries International Ltd. in
London, said the amero "is the proposed new currency for the North
American Community which is being developed right now between Canada,
the U.S., and Mexico."
A continued slide in the value of the dollar on world currency markets
could set up conditions in which the adoption of the amero as a North
American currency gains momentum.