www.CostaRicaTicas.com

I posted an apology, then did a little research and am withdrawing the apology. The Amero is still hypothetical, according to wikipedia (yeah, I know, wikipedia). But you can also check out http://www.amerocurrency.com/ or http://www.snopes.com/politics/business/amero.asp


From the first paragraph:


I will do some more research, but early indications is that it's much more of an urban legend than fact. There are a lot of websites that reference the 'Amero' and they seem to be either skeptical or speculative. I don't see anything from any source more reputable than wikipedia. At any rate, I remain very skeptical that it will ever take place.

I have my doubts that the 'international bankers' really want one currency. They make so much money with the system we have now, why screw it up? When the whole system can fall apart while they enjoy their hundred million dollar bonuses, why mess with perfection?

_________________
"The only normal people are those you don't know very well." Joe Ancis

I wouldn't worry about it too much. I think they (the united nations) are going to just go for the worldwide currency system whatever the hell that may be.The financial crisis going on right now seems like a good time to try and implement this. It seems to me that David Rockefeller is behind most if not all of this North American Union crap.

It is pretty sad, but I don't trust my government anymore if that makes me a conspiracy theorist I guess that's what I am. It wasn't very long ago that they said the economy was just fine even though I didn't believe it I was just hoping it would hold out longer. It does not really affect me very much right now,however it certainly has the potential to. The people who have lost billions on 401k's and the ones on fixed incomes have a lot more at stake then I do.

I'm just a Surfdog

Surfdog, I believe that a healthy distrust of the government is a good thing. We are not really doing our jobs as citizens if we do not question what the government is doing. Democracy is not easy nor is it something that will endure if the citizenry does not take an active role in its application. That goes beyond just voting.

If we sit by as complacent observers then we get what we got in the United States -- an authoritarian government which is not a dictatorship but a government that is overly intrusive in our lives. And we get candidates that no one really likes—that includes candidates for local, state and national elections. Look at the low polling for congress and current president.

A 27 percent approval rating is clearly a failure in any grade book.

Of course it is more complicated than that but you are right to have a healthy distrust of government.

I don't necessarily mistrust the govt. I mistrust the banks. I figured it out now that the whole "bailout" is unfolding. It's not a bailout of the bankers. It's a TAKEOVER by the banks. I think we were all duped again.

dapanz1

As long as it doesn't unravel before I die...

_________________
Providing humanitarian assistance to self employed chicas, one cash grant at a time.

I hope everbody likes rather Large Banana Republics, We are going to lose our triple AAA rating

_________________
"Run silent, run deep"
Spunk glazed Chicas are the building blocks of the universe!

I'm with Brother Bilko in his comments. Further, looking at the Amero Website, they obscure the fact that these are not coins but realized proposals or medallions which will never have extrinsic value. Another marketting scheme for over-valued precious metals. These characters always come out of the woodwork in parlous times like these to snare the unwary. They are handsome pieces to be sure but just medallions.

_________________
"A man accustomed to hear only the echo of his own sentiments, soon bars all the common avenues of delight, and has no part in the general gratification of mankind"--Dr. Johnson
"Amen, brother"-ED

This StratFor document referenced by Brother Greengo is an interesting read in a horrified fascination kind of way. Rarely have I read such an accumulation of carefully chosen "facts" and perverted conclusions, starting with the origins of the Great Depression. I haven't the time or space to refute them all, but will attack his conclusion that the current U. S. and world liquidity crisis is easing. To believe that is to believe all the bad news has already been delivered. "Tain't so, M'gee". The bottom won't be reached for another 12-18 months by conservative consensus (Wall Street Journal, NYTimes) and huge areas of the American financial and thus thereafter industrial sector haven't been touched. Let's for example look at the $950Billion Credit Card sector which can be expected to endure huge uncollateralized non-recourse losses as the recession deepens, folks lose their ability or willingness to repay, and CC-dependent banks collapse. Then there's the commercial paper and commercial real estate markets, thus far not touched, and insurance companies' exposure to toxic paper thus far not reported, then...who knows?
That's not to say I don't agree with some of Friedman's conclusions about the future and the well-nigh impossible political choices the next President will face. I had a thought--why don't we suspend what's effectively left of the U. S. Constitution and force Bush & Co. to work another 4 years? He'll never be able to resuscitate his reputation after that. Even Nixon rehabilitated his reputation--not so Georgie.

_________________
"A man accustomed to hear only the echo of his own sentiments, soon bars all the common avenues of delight, and has no part in the general gratification of mankind"--Dr. Johnson
"Amen, brother"-ED

Jazzbo...I have to agree with your post 100%. I just woke up and as per my ritual, turned on CNBC and saw the futures limit down. This is going to be a really fun day.

The good news is that by reading all these threads I can see that there is still a bull market in CR hobbying. I can see where our core values lie.

dapanz1

I think we will have a world-wide and global currency, but it will not
be a new currency. It will be one of the oldest currencies: gold. There
will still be paper, but the paper will be backed up by gold in the
currency-issuer's vault. If it is not backed by gold, no one will want
it.

The dollar hegemony has come to an end. The oil producers don't
want to use dollars, and the Europeans are angry in their belief that
the U.S. caused this crisis. Sooner or later the dollar will lose its
prime status in world trade, and there is no other currency except
gold that can fill the void. For many years the U.S. will face
great hardship after everyone tries to sell their hoarded dollars --
there is no point of keeping dollars if the dollar is no longer the reserve
currency.

The counter-argument is that the dollar has recently risen while gold
has fallen sharply. Counter-counter arguments are:

1. Gold still has relative strength versus U.S. equities or the stocks
of any country in the world. If you had bought gold a year ago, you
would be down only five percent. If you had bought two years ago, you
would have a nice gain. The same cannot be said for equities or the
dollar.

2. Gold is down because of margin calls and panic selling. Those who
see gold as a commodity are selling all their commodities. This
presents a once-in-a-decade opportunity to buy gold for people who
see gold as the once and future money.

3. More and more articles are appearing (even in the New York Times)
that question the Bretton Woods agreement that established the dollar
as the substitute for gold.

4. Gold lease rates have gone through the roof. It is increasingly difficult
to find anyone willing to sell small quantities of actual gold. It has
become easier to sell gold jewelry to dealers.

5. Short-term gold investors, especially those who bought recently,
have lost all hope. Markets always punish these weak holders until
they give up their valuables to strong holders.

6. Markets always feint in the opposite direction before making
their occasional moon shots.

The best hope for America is its extensive holdings of gold (I just hope
that the current adminstration has not secretly sold off this patrimony).
We are in for tough times, but the individual with a little foresight
can protect oneself by buying gold.

_________________
Same river, new water

Number 2 is correct from my experience.
You might be very surprised how little gold we still have left.

http://www.leap2020.eu/GEAB-N-28-is-available!-Global-systemic-crisis-Alert-Summer-2009-The-US-government-defaults-on-its-debt_a2250.html


THIS LINK IS NOT CLICKABLE, use cut and paste

What does that tell us about the future price of gold?
Well, for one thing, it now costs as much to borrow gold as it does to borrow currency, which is a clear indication that the supply of gold for leasing is tightening while demand remains strong. Most central banks have ceased lending gold completely.


The most common question being asked is, “If gold is in such strong demand and short supply, why is the price so weak?”
And that’s a little bit complicated, but like most everything in these most volatile times, nothing makes sense. At least, not in the short term. Instead of re-iterating the explanation of the downward pressure created by the gold carry trade and the futures market, I refer readers to the excellent work of John Embry and Andrew Hepburn, who published a work called “Not Free, Not Fair, and which is available here:
[/url]http://www.sprott.com/pdf/not_free_not_fair.pdf[/url]



The bottom line is this: the massive repatriation of US Dollars as a result of de-leveraging globally and the unwinding of so many credit contingent deals is making the US Dollar look strong, while the gold manipulation cartel is exerting its utmost effort to keep the spot price of gold low through concentrated short positions on COMEX.


The price of gold will emerge from this negative influence on the next leg down and the economy goes into a broader paralysis instead of being limited as it is now to real estate and financials. Most credible analysts are recommending a minimum 30% exposure to gold for institutional portfolios.


Though its hard to imagine in the current price environment, both gold and silver are on the verge of a tremendous breakout to the upside, and if you can’t get your hands on the physical bullion over the next 24 months, the producing companies will be next followed closely by well cashed up junior explorers with million ounce+ deposits in National Instrument 43-101 compliant categories.
Ignore the negative press on gold, and recognize the current price weakness for what it is: the last time you’ll see gold this cheap in a long time, and therefore a huge opportunity.

Deleted link to gold lease rates (link didnt work)