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Coffee Lounge Talk amongst other community members. |
View Poll Results: Would you accept the Amero? | |||
Love it! | 3 | 10.00% | |
Don't mind it. | 1 | 3.33% | |
Neutral | 2 | 6.67% | |
Don't like it. | 7 | 23.33% | |
Hate it! | 17 | 56.67% | |
Voters: 30. You may not vote on this poll |
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i favor a linked exchange rate system, but we need a substantial foreign exchange reserve to do that.
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What's wrong w/ having a national currency?
Why tie it to another nation's monetary status? We've been over this, before! Why swim towards a sinking ship?! Canada has excellent trade relationships w/ most of the rest of the world. Sod the United States of Fascism!!!! Frosty (advanced-voted) |
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We could still keep the queen if we joined with Britian, Australia and NZ. Then maybe they will realize where also apart of the commonwealth and not "America".
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it would be absolutely insane.
the benefits from easier trade and lower transaction costs would not make up for the fact that we would have to adopt american monetary policy which is the single biggest way to exert short term influence macroeconomically. the structure and nature of our economies are very different also loose american style monetary policy has alot to do with the current economic trouble in the united states. |
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Quote:
also its the americans that have to worry about their exchange reserves, china japan korea and the gulf countries hold tremendous amounts of dollar denominated treasuries, if they decide to diversify their exchange reserves (and the current situation is just as good as a catalyst as i can imagine) the dollar will plummet. also even with a linked currency we can see some massive runs on our currency and situations develop like the asian financial crisis in '97 a few economists believe that american itself should have two different currencies due to its economic geography. either way adopting a unified currency would take ALOT of work and would not be something that could be passed overnight. |
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