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Wood · 03-07-2010, 12:54 AM

A sudden announcement of the Amero with a 30 day notice to change US dollars (and Canadian dollars and Mexican pesos) would be chaotic, both among the population and in the finacial markets all over the world.

Here in Europe we had a long process to switch to the Euro, with at least two stages and plenty of time and information.

IMO if the Amero is coming it is not going to happen overnight (unless the situation is really critical). I think it is wise to have some money in other currencies though, because this proccess will probably be followed by a devaluation of the Amero (or a previous devaluation of the US dollar).

Finally, I think the idea the Amero will be backed only by the mexican and canadian gold is ridiculous. I do not know how much gold do Mexico and Canada have but I really doubt it can match even a tiny fraction of the US dollars in circulation.

03-07-2010, 12:54 AM	#19
Wood Avalon Senior Member Join Date: Feb 2010 Posts: 32	Re: Amero is good and immenent, says Fulford A sudden announcement of the Amero with a 30 day notice to change US dollars (and Canadian dollars and Mexican pesos) would be chaotic, both among the population and in the finacial markets all over the world. Here in Europe we had a long process to switch to the Euro, with at least two stages and plenty of time and information. IMO if the Amero is coming it is not going to happen overnight (unless the situation is really critical). I think it is wise to have some money in other currencies though, because this proccess will probably be followed by a devaluation of the Amero (or a previous devaluation of the US dollar). Finally, I think the idea the Amero will be backed only by the mexican and canadian gold is ridiculous. I do not know how much gold do Mexico and Canada have but I really doubt it can match even a tiny fraction of the US dollars in circulation.