Quote:
Originally Posted by reb
I really don't care if we loose value. Our currency is produced by a private cooperation. I already think that's screwed up. I am personally all for the amero. I think it may help with the immigration issues as well.
I also think that bigger companies will try and combat the amero, such as walmart. Walmart has tons of factories in Mexico. Meaning if Mexico moved to an equivalent status, they'd have to pay higher wages. Everything would go up slowly or all cheap labor will be forced back in to Asia.
Moving to the Amero would save millions in currency transactions each year. It also means Mexico would be counted in the Forex. I don't think pesos are in the Forex... are they?
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The Federal Reserve system is quite messed up, but you know moving to the Amero, they would just create a brand new central bank to follow it.