The “amero” is the name of a proposed currency for the countries of North America (Canada, United States, Mexico), similar to the euro in Europe. The Canadian dollar, the United States dollar and the Mexican peso would be replaced.
“Amero” has been cited in print since at least 1997, but was popularized by Herbert G. Grubel‘s September 1999 paper for the Fraser Institute, “The case for the Amero: the economics and politics of a North American monetary union.” Critics of the “amero” proposal argue that a country will lose its sovereignty, and that a financially weak country can drag down a financially strong country, as has been experienced with the euro.
Wikipedia: North American currency union
The North American Currency Union is a proposed economic and monetary union of three North American countries: Canada, the United States and Mexico.
Implementation would involve the three countries giving up their current currency units (U.S. dollar, Canadian dollar, and Mexican peso) and adopting a new one, created specifically for this purpose. (Some versions of the theory, particularly those circulating in Canada, assume only the United States and Canada would be included.) The hypothetical currency for the union is most often referred to as the amero. The concept is modeled on the common European Union currency (the euro), and it is argued to be a natural extension of the North American Free Trade Agreement (NAFTA) and the Security and Prosperity Partnership of North America (SPP).
Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency, as part of a “North American Union (NAU)”.
In August 2007, rumors and conspiracy theories began circulating across the Internet regarding alleged United States Treasury-issued amero coins.
The inspiration behind these rumors may have been the posting of images of medallions created by coin designer Daniel Carr. Carr, who designed the New York and Rhode Island 2001 statehood quarters, sells medals and tokens of his own design on his commercial website, “Designs Computed” (also known as “DC Coin"). Among his designs are a series of gold, silver and copper fantasy issues of amero coins ranging in denomination from one to one thousand. The medallions have the legend “Union of North America” on the back with his company’s logo, a stylized “DC”, in small type.
On December 3, 2008, Hal Turner’s blog featured what he claimed were genuine “amero bills”. He displayed photographs of purported 20, 50, and 100 amero notes. Turner did not identify how he obtained the images, saying only that “once again, my sources have come through”. He claimed that the “new currency is already being printed and quietly distributed around the world”. The web site Snopes.com suggested Turner was “beating the same tired, apocryphal drum” with his new claim. These images are art from the Flickr user aleatorysort, who created them as an artistic political commentary, and were therefore not actual currency.
Wikipedia: Herb Grubel
Herbert G. (Herb) Grubel (born February 26, 1934 in Frankfurt, Germany) is a former Canadian politician. He represented the electoral district of Capilano—Howe Sound in the Canadian House of Commons from 1993 to 1997.
As a member of the Reform Party, Grubel defeated former federal cabinet minister Mary Collins in the 1993 election. He served as the party’s finance critic from 1995 to 1997, and was controversial for his outspoken support of Canada moving toward a flat tax system.
Grubel did not run in the 1997 election. As of 2011 he is professor emeritus of economics at Simon Fraser University and senior fellow of the Fraser Institute. He has also worked at the economic faculties of Yale, Stanford, the University of Chicago and the University of Pennsylvania.
Grubel has published 27 books and more than 130 professional articles in economics, dealing with international trade and finance and a wide range of economic policy issues. One of his most important contributions to international economics is the Grubel–Lloyd index, which measures intra-industry trade of a particular product. While at the Fraser Institute Herbert published a paper titled: “The Case for the Amero: The Economics and Politics of a North American Monetary Union”, in which he proposed that Canada and the USA adopt a shared currency called the ‘amero’.
1 May 1997, San Diego (CA) Union-Tribune, “Where governments actually do some work”:
Imagine that the US government was considering scrapping the dollar in favor of a hemisphere currency called the amero.
OCLC WorldCat record
The case for the Amero : the economics and politics of a North American monetary union
Author: Herbert G Grubel; Fraser Institute (Vancouver, B.C.)
Publisher: Vancouver : Fraser Institute, 1999.
Series: Fraser Institute critical issues bulletin.
Edition/Format: Book : English
24 June 1999, Toronto (Ontario) Star, “Currency issue may reach cabinet; It may arise outside of agenda during meetings” by William Walker, Business, pg. 1:
OTTAWA - Is it time to lose the loonie and acquire the “amero?”
Toward a North American Community:
Lessons from the old world for the new
By Robert A. Pastor
Washington, DC: Institute for International Economics
Macroeconomic Policy Coordination and the “Amero”
As an increasing amount of trade among the three countries is done with the US dollar, and as other countries in the Americas adopt the dollar or peg their currencies to it, some businesspeople in Canada and Mexico also have begun to propose adopting the dollar. Most political leaders, however, are either opposed or show little interest.
The Federal Election And Foreign Policy
Posted on Tuesday, January 17 at 12:01 by Robin Mathews
by Ed Deak
Tue Jan 17, 2006 9:38 pm
Both the CD Howe and Fraser Institutes, PR agencies disguised as “prestigious conservative economic think tanks”, have for years been promoting the dismantling of the Canadian monetary system and adapting the American, privately controlled one, with all 3 NAFTA countries either switching to the worthless US dollar, or creating a new unit, possible called the “Amero” ?
Canada Free Press
Amero, North American Union
Debut of the ‘amero’
By Judi McLeod
Thursday, December 14, 2006
The People’s Republic of China, long lauded by America’s enemies as the world’s next economic power, will be the country that will force the creation of the `North American Union’ (NAU).
Kofi Annan’s former pointman, Canadian Maurice Strong, has been boasting from Chinese soil that China soon would be replacing America as economic king, using the jingo that’s the official language at Turtle Bay.
The billions of dollars China has invested in the flagging American economy will be worthless. They will have to negotiate the exchange rate to the new amero. This will then force the creation of the North American Union.
North American Union / “Amero-Dollar” / No More USA
Jan 8, 2007 in Politics
There is currently a movement pushing for the U.S., Mexico and Canada to be integrated into a unified superstate, where U.S. citizens of the future will be known as “North Americanists,” trading with a common currency “Amero-dollar”.
Another teaching paper advocates the adoption of a unified North American currency, the “amero,” modeled after the euro currency of the European Union.
New York (NY) Post
AMERO DOESN’T MAKE $ OR CENTS
By John Crudele
Last Updated: 5:00 AM, December 23, 2007
Posted: 5:00 AM, December 23, 2007
The Amero is a term being used for a unified currency for North America - like the euro is for Europe. It’s pie in the sky, but works well as a story line if you believe there’s a conspiracy to purposely allow the US dollar to collapse in value.
The euro has been so successful - relative to the dollar - over its eight-year existence that the idea of a unified North American currency may be attractive to some.
Will it ever happen? Probably around the same time Americans start crossing the Mexican border by cover of darkness in hopes of finding a job.
In other words, never.
America for Sale:
Fighting the new world order, surviving a global depression, and preserving U.S.A. sovereignty
By Jerome R. Corsi
New York, NY: Threshold Editions
“On the day the North American Monetary Union is created—perhaps on January 1, 2010,” he wrote as an example, “Canada, the United States, and Mexico will replace their national currencies with the amero. On that day, all American dollar notes and coins will be exchanged at the rate of one U.S. dollar for one amero.”
Lariat (Saddleback College)
North American currency union: The next euro flop
By Jason Chung
Published: Wednesday, April 18, 2012
Updated: Wednesday, April 18, 2012 19:04
The new currency, referred to as the amero, was first proposed by Herbert Grubel, a former Canadian politician and now emeritus professor of economics at the Simon Fraser University in Vancouver, in a research study he wrote for the Canadian public policy think tank Fraser Institute in Sept. 1999.
Titled “The Case of the Amero,” Grubel argued primarily from Canada’s standpoint. At the time of his study, he feared the newly launched euro would become so successful that it will replace the U.S. dollar’s usage in many parts of the world. He believed by introducing the amero, the risks associated with currency trading in North America could be eliminated and bring about price stability for essential resources such as oil and food.
Thu Apr 19 2012 21:12
This did not come from some Canadian professor! This article is a red herring.
The amero idea is governed by secret operations and the NWO.
How else is the USA going to get out of a 15 TRILLION dollar debt? It’s easy to rob the country by saying that the Amero is worth 2 cents to the dollar.
Watch and see the implementation!
It will be a “solution” to the few rich in power and a devestation to the 240 million americans!
ETF Daily News
Is Obama Pushing Us Closer To Replace The U.S. Dollar With The “amero”? (GLD, SLV, UUP, UDN)
May 2nd, 2012
Michael Snyder: When it comes to Barack Obama, one of the most important things to understand is that he is a committed globalist.
So will we ever see the “amero” replace the U.S. dollar?
If the globalists try to introduce the “amero”, it would probably be after a horrible financial crisis in which the U.S. dollar falls apart. The “amero” would be heralded as the “solution” to the problems that were plaguing the dollar.
If there ever is a move to get rid of the U.S. dollar for an international currency of some kind, the American people will need to resist it with all of their might.
New York City • Banking/Finance/Insurance • (4) Comments • Friday, May 04, 2012 • Permalink
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