Merging the Canadian Dollar, American Dollar and the Mexican Peso

[Zerzera]

hihihi

[Cops]

This is why it will never happen. NAFTA benefits the US and as long as it continues as such, there's no reason for change.

Maybe down the road quite some time, Canada and America will create a joint currency, but I really can't see that happening. It just wouldn't be a sound and prosperous idea for the United States who's just fine on their own right now.

No offense Squeezer but your economy is in the decline, Canada surpassed your dollar (not only because America's economy is going downhill but the Canadian Dollar just out performed). If our countries (dare I say Mexico? or is that just out out the question?) created one currency it would help stimulate our economies. If America doesn't really want to do it, I'm fine with how things are going.

[Cops]

thats where your idea went wrong.

American's economy is weak right now, The Mexican economy has always been weak. In the short term I could see this bolstering the American economy and actually bringing Mexico out of the slum that we've created. Although, like many people have said to actually make this work we would have to have fair and free trade.

[Zerzera]

This will never happen as the American farmer would get fucked over.

No

This will never happen as the American farmer would have to stop fucking over Mexican farmers.

I guess in America it's much the same as in Europe. Our market isn't free, it's very well protected. There is no way farmers from 'third world countries' can really compete on our over-subsidized and over-protected markets.


"The inequality between the man and the beast doesn’t end here. For the amount of subsidies a cow in the developed world receives is almost twice the annual income of an average Third World farmer." source


Our own farmers first, then thEy can supply whatever more we need.
This benefits us because we keep our own farmers alive, so we won't be totally depending on other countries. Even though it's expensive, the money doesn't flow out of our Union.

You wouldn't need to have separated markets with your neighboring countries if you could really trust them and are willing to do business on equal terms.
I think it would be possible for the US to do that with Canada.


External Trade Export Helpdesk of the EC

[Da1andonly]

Personally I think bringing in the euro to Finland was a mistake...for us.

[Squeezer]

trade is not even close to being free or fair.

This is why it will never happen. NAFTA benefits the US and as long as it continues as such, there's no reason for change.

Maybe down the road quite some time, Canada and America will create a joint currency, but I really can't see that happening. It just wouldn't be a sound and prosperous idea for the United States who's just fine on their own right now.

[Ayano]

This will never happen as the American farmer would get fucked over.

[Necromotic]

it's what the world bank wants = total power

[deathking]

Merging the Canadian Dollar, American Dollar and the Mexican Peso

thats where your idea went wrong.

[Pearl Jam]

it works for europe due to the smaller size of the countries and the ease/frequency of travel by people and businesses throughout them. the scale is much bigger for north america, and the frequency of travel isn't there for the most part.

from just reading this thread and using what financial knowledge i do have, my first thought is that this idea would pretty much just benefit mexico and nobody else.

[Noah]

Only downside is for the rich countries that loses out some of those countries you can go with 100$ to and live like a king.

I'm from a rich country, and I'd rather see the currency more balanced.

[Galleleo]

I just don't like that since the Euro was implemented everything has become like twice the original price. 1 Euro was 2.2 Guilders in 2000 and now everything is like the same price in Euro's as it used to be in Guilders (so something that used to be 1 guilder is now 1 Euro).

Edit: in regards to what Ewan said: It's why the Dutch people said No to the European Constitution a few years back, and I believe some other country did too (was it France?). And it's why I am pissed our Government is not giving us a new referendum for the new European Constitution.

[Ewan]

Much of Europe has too much nationalistic pride to ever accept a EU model that works like the United States.

[Mantra-Slider]

will be exciting to see how long Sweden can survive w/o the euro. so far we have only seen improvements in our economy w/o it but that might change very soon ^_^

[genocidal]

I don't think the EU wants or will evolve into a federation after the current US model. The EU as it is now is an "institution" in which countries give up some of their sovereignity for the achievement of common goals. This "giving up of independence" is expected only to increase, but not to an extent in which a federal government dominates the creation of law on pretty much all big area's and its member states are kind of forced on taking up with it.

I won't pretend I know a whole hell of a lot about the EU but from the direction I've seen them going (age of consent laws, etc.) it's looking like the American model. If you're not American (and even some who are American) you may not know the degree to which state and local governments have sovereignty.

The big, sweeping laws have to be carefully justified under a strict set of Constitutional powers or else they'll be struck down (for instance, the Civil Rights Act of 1964 was grounded in the federal government's ability to regulate interstate commerce - not in any moral realm). Even then, its constitutionality was hotly contested. This is also the reason you see very incremental headway in abortion decisions - the federal government is careful not to encroach on states. I can see the EU turning into something similar, but maybe not to the same extent for a while.