Of course its going to be extra trouble! Ah well I likes ya. What follows is an article written on the issue. I haven't been able to dig up a picture, at least not a positive match (one that I am sure represents the proposed currency). I have a screen shot of a news article on the issue, but there is no picture of the currency proposed
Article:Attention News Editors:
The Fraser Institute - Canada would benefit from a common North American currency
VANCOUVER, Oct. 5 /CNW/ - A common North American currency will bring
about greater price stability, significantly lower long-term interest rates,
enhanced trade, greater productivity, and the creation of more wealth in
Canada for personal and social ends, says a new study released today by The
Fraser Institute, The Case for Amero: The Economics and Politics of a North
American Monetary Union.
The study calls for a North American Monetary Union that includes Canada,
the United States, and Mexico. Under the proposed plan, bank notes and coins
of the currency, dubbed the ``amero,'' will have amero symbols on one side and
national emblems on the other to preserve important symbols of national
identity.
The study's author Herbert Grubel, a distinguished economist and Senior
Fellow at The Fraser Institute, argues that flexible exchange rates have not
brought Canada the benefits promised by its advocates and have instead
contributed to poor economic performance through a reduction in labour market
flexibility and delayed adjustment to the long-term decline in world prices
for natural resources. In addition, unemployment has remained high and
economic growth has been slow. Labour market flexibility, essential for
dealing with economic shocks, has been lowered by the very existence of
flexible exchange rates.
``This system has contributed to Canada's high and excessive reliance on
the production of natural resources. A monetary union will ensure that we move
to the high-tech and other profitable and expanding industries at a more
optimal pace, and Canadians' productivity and living standards will increase
correspondingly,'' Grubel states.
Canada's cultural sovereignty and political independence will not be
affected by monetary union. Just as in the case of the Free Trade Agreements,
there is nothing in any treaty for monetary union that interferes with
Canada's ability to pursue taxation, spending, social, regulatory, or foreign
policies different from those of the United States or other members of the
monetary union.
Grubel points out that sovereignty is not infinitely valuable. In theory,
sovereignty in monetary policies is important if it improves the performance
of the Canadian economy for the benefit of all. In practice, however, it has
not achieved this. ``For this reason, I believe that a reduction in national
economic sovereignty over exchange rates and monetary policy will raise,
rather than lower, the well-being of Canadians in the future,'' he says.
Trade among the members of the monetary union will be stimulated by the
elimination of the costs of currency trading and risk. There will be greater
price stability and, importantly, interest rates in Canada will fall by about
one percent. A common currency will also promote strong geographical ties
across borders-states of the US mid-west and the Canadian prairies, for
example, share many of the same economic concerns.
The United States also stands to benefit from a common currency. Monetary
union will reduce the threat to the power of the US dollar resulting from the
greater use of the euro in place of the dollar in the rest of the world.
Further, the United States will gain from having more stable and prosperous
countries as neighbours. Clear benefits have been gained through membership in
multi-nation organizations such as the World Trade Organization (WTO), and
NAFTA, and a common currency fits the same mould.
``Increased trade, more stable economies in the rest of the world, and
continuous forums for the exchange of views have increased the prosperity of
Americans. By extension, the proposed monetary agreement will benefit the
United States since it is expected to improve the size and stability of the
economies of Canada and Mexico; American trade and investment will grow
correspondingly,'' concludes Grubel.
A tripartite central bank, the North American Central Bank, will be
established to oversee the integrity of the amero. Members of the union will
have representatives on the Bank's boards in numbers reflecting their relative
size in terms of some weighted average of population and national income, with
the weights to be determined through negotiations. Every country will receive
the profits from the issuance of ameros used domestically, and their own share
of seigniorage (the profits that governments gain from printing money).
The conversion of existing currencies into the amero will take place at
rates that leave unchanged each country's real income, wealth, and
international competitiveness at the time of conversion.
Established in 1974, The Fraser Institute is an independent public policy
organization based in Vancouver.
For further information, or for a copy of The Case for the Amero: The
Economics and Politics of a North American Monetary Union contact: Suzanne
Walters, Director of Communications, The Fraser Institute (604) 714-4582,
email: suzannew@fraserinstitute.ca.
The report and media release can be viewed on our web site at
www.fraserinstitute.ca.
-30-
For further information: Herb Grubel, Senior Fellow (604) 980-7922,
herbg@fraserinstitute.ca; Suzanne Walters, Director of Communications
(604) 714-4582, suzannew@fraserinstitute.ca
THE FRASER INSTITUTE has 98 releases in this database.
(It's like I've said all along. First they move nations into superstate continents, as they have done in europe, and then, they amalgamate the continents into a global government. National Sovereignty doesn't mean much to the back-room dealers.)
I have tonnes of information on card technology and none of it looks good for the rights of the individual. Newer smart card technology is being tested which will soon replace the magnetic strip bankcards. In fact, such technology is already becoming commonplace in Europe.
Smart cards will allow increased purchase tracking by business and government, as well, as having the capacity to store important personal information such as SIN number etc.
If you value your rights as an individual, I reccommend that you resist the urge to spend electronic cash. I know its hard. Why I have even succumb to the temptation a few times myself, but whenever possible, try to use cash. At the very least, this should slow their progress somewhat.
Regrettably, I fear that the forces that are bringing all of this into being are nigh unstoppable. Like a pitbull, however, I plan to continue gnawing at the ankle of our global master, until I am at last dragged over the finish line. Why not take a bite at this monster yourself? Maybe we can tick him off a little if we all work on this thing together.
Yours in Truth,
The Sharpened Pen