Ex-Mexican president: Yes, there will be an amero
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KING: E-mail from Mrs. Gonzalez in Elizabeth, New Jersey. "Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?"
FOX: Long term, very long term. What we propose together, President Bush and myself, it's ALCA, which is a trade union for all of the Americas. And everything was running fluently until Hugo Chavez came. He decided to isolate himself. He decided to combat the idea and destroy the idea...
KING: It's going to be like the euro dollar, you mean?
FOX: Well, that would be long, long term. I think the processes to go, first step into is trading agreement. And then further on, a new vision, like we are trying to do with NAFTA.
KING: E-mail from Mrs. Gonzalez in Elizabeth, New Jersey. "Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?"
FOX: Long term, very long term. What we propose together, President Bush and myself, it's ALCA, which is a trade union for all of the Americas. And everything was running fluently until Hugo Chavez came. He decided to isolate himself. He decided to combat the idea and destroy the idea...
KING: It's going to be like the euro dollar, you mean?
FOX: Well, that would be long, long term. I think the processes to go, first step into is trading agreement. And then further on, a new vision, like we are trying to do with NAFTA.
America, Mexico and Canada signed an agreement in 2005 which merges the countries into the North American Union, exactly like the EU. All of this was done behind closed doors with no approval from congress - and no vote from the public.
No official currency has been designed and the pictures floating around of the amero coin are pure fantasy, but what we can say with certainty is that the foundations have been laid for a North American Union common currency and people need to start thinking about the ramifications of this, positive and negative. The question of sovreignty and who makes the decisions and writes the laws that affect day to day life is of the utmost importance.
As a sidenote, the UK held a vote on this very issue, and the public voted against adopting the euro - so a precedent exists.
Centralised government on a national level in the UK has adversly affected things like hospitals and schools and had positive effects on the economy and the rich. Centralised government on an international level is a huge and very serious issue and whilst it has always been a good idea in principle, we have to take a hard look at the people who are running the show and a harder look at the track records.
Indymedia has claims of the Amero currency being in place by 2010.
Always bear in mind that the priority of government has always been its economy, this is more important to government than the well being of its citizens. Count how many times you hear the word 'economy' on the evening news in relation to each story.