TD Economist Says It's Time To Consider North American Currency

Posted on Friday, February 16 at 15:51 by sthompson
Europe's common currency, the euro, celebrated its fifth anniversary Monday, soaring to a record high against the yen. The euro rose more than 11 per cent versus the U.S. dollar in 2006. Austria, Belgium, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, the Netherlands, Portugal and Spain began using euro notes and coins in 2002. Slovenia begins using the euro this month, bringing the population of the euro zone to 316.6 million. But not all of those people were in the mood to celebrate the euro's anniversary this year. Full article: http://www.thestar.com/Business/article/167331

Note: http://www.thestar.com/...

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  1. by RPW
    Sat Feb 17, 2007 3:52 am
    <blockquote> If Canadians are going to debate the idea of a single North American currency </blockquote> <p>And what if Canadians have no interest in "debating" the idea of a single currency? What if they like it just the way it is? Last time I was in a crowd, I do not recall ANYONE engaging me or any others on this topic.</p> Or does he mean <b>"important"</b> Canadians debating this idea, and not the rabble?<p>---<br>"When you change the way you look at things, the things you look at change." <br />
    -Max Planck<br />
    <br />

  2. Sat Feb 17, 2007 4:42 am
    Typical economist baloney. These nuts have lost all contact with reality and live in an imaginary world.

    Especially bank economists, who see nothing wrong with their banks making billions in profits on freshly created imaginary money used to overcapitalize, colonize and collectivize, their CEOs take home millions every year, while they conspire how to merge and how to fire thousands of low paid workers.

    When a country loses its money creating powers, it loses its identity and sovereignty.

    In any case, any economist should know that the US dollar is worthless and tying our country to a deadbeat, bankrupt economy would be societal suicide. But then, they are also deadbeat and mentally bankrupt, so what can we expect from economists?

    Ed Deak.

  3. Sat Feb 17, 2007 6:33 am
    Establishment economists deserve a lot more bad press IMO for being such a bunch of lackees. How come they are not getting it??? Gee perhaps the finance/economy reporters are just as bad... How can we better fight back the TD economist and likes so they don't easily get away with their crap.

    ---
    "We are all in this together somehow, some more than others somehow"

  4. Sat Feb 17, 2007 8:08 am
    "'When the dollar is lower, everybody's talking about it. Now, nobody's talking about it,' Tal said."

    Yeah, but the US is talking about it because it's currency is in the toilet. Then there's Mexico which almost went bankrupt a few years ago.

    They did push through the EU, so anything is possible, all it takes is for the people to let it happen.

  5. Sat Feb 17, 2007 6:07 pm
    I sent a letter to my MP Peter Julian NDP on precisely this matter, i.e. Layton must bring on top of the agenda questions asking the other political parties to clearly state their opposition to continental monetary integration.

    I am worry that all this focus on the environment will be used to sneak through some greater evils. Needless to say that I did not even get an acknowledgment from my MP on this letter. I doubt the Greens will ever adress this matter and they are not even in the House of Commons. The Libs are more hypocrite on this IMO. Does that leave me only with the Bloc??? Aaaargh.

    ---
    "We are all in this together somehow, some more than others somehow"

  6. by KWL
    Sat Feb 17, 2007 6:51 pm
    I could be wrong but doesn't the Bloc support a NA currency?

  7. Sat Feb 17, 2007 7:35 pm
    On Nov. 27,'88, Jacques Prizeau, who was the head of the PQ, declared the FTA as the key to Quebec's independence.

    Hence, it is most likely the Bloc would support any step for the destruction of Canada, even it if would also mean ultimate suicide for any form of language rights etc. for Quebec, to become "more competitive".

    Of course, Parizeau was an economist, so his opinion can't be taken seriously under any circumstances.

    Ed Deak.
    Ed Deak.

  8. Sat Feb 17, 2007 8:32 pm
    Economists are not interested in the common person. They are interested in big business. The USA is a capitalist system which in itself, is defiant of any law or principle against their profits. Canadian establishments must cater to the laws of Canada or move to the USA. The economist is merely suggesting that Canada can adopt the principles of our southern neighbour without big business moving. Alteady we have a bank that applies American Laws even within Canada. Adopting one generic note is not what is at stake, it's the principles behind the "common Currency" for the adaption of American guidelines to the monitary system. All laws and acts pertaining to the handling of money will be by American money makers.

    There is the benefit of Canadians retaining the part of their anatomy that they can still kiss, but kiss goodbye.

    ---
    Expect little from life and get more from it.

  9. Sun Feb 18, 2007 1:45 am
    I fired up PolitiQuebec.com forum on this.<br />
    See <a href="http://www.politiquebec.com/forum/viewtopic.php?t=23699">http://www.politiquebec.com/forum/viewtopic.php?t=23699</a><br />
    <br />
    along with "Dites non à l'Améro"<br />
    <br />
    I think Vive could really freshen up its "No to North-American integration" to "Say no to the Amero" in preparation to the round of election campaign (federal & provincial) coming up. This issue has to reach the maintream radar screen. <br />
    <br />
    I would think the Bloc is very vulnerable on this and do need to smarten up. As I have mentionned several times on this forum before, I am sympathetic to Quebec sovereignty but an Amero is plain stupid. How can the Bloc aspire to Quebec sovereignty by f*ing up the currency? It would be even less sovereign. They are on very thin ice on this. Funny that all the political parties have the blind shutters on this. <p>---<br>"We are all in this together somehow, some more than others somehow"

  10. Sun Feb 18, 2007 6:06 am
    "all this focus on the environment will be used to sneak
    through some greater evils"

    And in the end, absolutely nothing will be done about
    cleaning up the environment. All this jump on the
    bandwagon media and government attention is
    nothing but rubbish.

    What do you expect when you condition and brainwash
    your population to be ignorant, materialistic and
    selfish?

  11. Sun Feb 18, 2007 5:00 pm
    The main problem with economists is that they are not economists, but brainwashed pimps for an aristocracy, "educated" in tax funded institutions.

    My 22 year old definition of neoclassical economics :

    "Neoclassical economics are the science for the alchemic conversion of silk purses into sows' ears"

    Ed Deak.



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