The resulting increase in Dutch exports caused a strong appreciation of exchange rates which in turn caused the loss of Dutch manufacturers' ability to compete abroad with their imports.
Grubel noted in Europe the problem was solved when the euro eliminated national currencies, forcing all countries to operate under interest rates set by the European Central Bank.
"The analogous creation of the amero is not possible without the unlikely co-operation of the United States," said Grubel, an economics professor emeritus at Simon Fraser University in British Columbia.
Instead, Grubel called upon Canada to create a new Canadian dollar to replace the loonie. The new currency could be valued at par with the U.S. dollar, with the possibility that the Bank of Canada might peg the new Canadian dollar to $0.90 on the U.S. dollar.
"The public would readily use the new Canadian and the U.S. dollars interchangeably and enjoy savings in the conversion of one currency into the other," he wrote. "The present exchange risk premium on Canadian interest rates would be eliminated completely."
http://www.worldnetdaily.com/news/article.asp?ARTICLE_ID=59832
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Economist Longs For Creation Of Amero
Posted on Saturday, January 26 at 16:02 by AnonymousContributed By
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"When you change the way you look at things, the things you look at change."
-Max Planck
A former Reform MP during Manning's heydays, he once declared on TV: " No country can afford universal healthcare". The rest of his economic ideas are on this same intellectual level.
His statements remind me of my 3 postwar years, as a "verfluchte Auslander", in his native Austria, when all I could hear was how good they had it under Hitler.
Herbie may have been too young to remember much of those glorious Hitler times, but the tradition must have permeated his growing years.
In any case, his idiocies are also a good example of the thinking of his fellow Reform Party/economist masterminds by the names of Harper and Emerson, indicating what we can expect from them.
The spiel will again be the same, as it was during the FTA propaganda years: "wealth creation through borderless shopping, increased exports of our resources,security from the war on terror, etc. goodies"
Unfortunately, most people may even fall for this fraud.
Ed Deak.
<br />
And being sure to leave the detritus behind, mainly slowly dieing natives, and other "wildlife":<br />
<a href="http://www.cbc.ca/canada/edmonton/story/2006/03/10/ed-fortchip20060310.html">http://www.cbc.ca/canada/edmonton/story/2006/03/10/ed-fortchip20060310.html</a><br />
<a href="http://www.canada.com/calgaryherald/news/story.html?id=8c9ccc7f-9ea7-4564-a8b3-d7f2dfc099e9">http://www.canada.com/calgaryherald/news/story.html?id=8c9ccc7f-9ea7-4564-a8b3-d7f2dfc099e9</a><br />
<a href="http://oilsandstruth.org/dr-john-oconnor-still-being-persecuted">http://oilsandstruth.org/dr-john-oconnor-still-being-persecuted</a><br />
<a href="http://www.canada.com/calgaryherald/news/theeditorialpage/story.html?id=4771d587-c5d9-4006-b236-0a239de3d244">http://www.canada.com/calgaryherald/news/theeditorialpage/story.html?id=4771d587-c5d9-4006-b236-0a239de3d244</a><br />
<br />
which has lead to this:<br />
<a href="http://ffwdweekly.com/article/news-views/news/ailing-athabasca/">http://ffwdweekly.com/article/news-views/news/ailing-athabasca/</a><br />
<a href="http://www.keepersofthewater.ca/">http://www.keepersofthewater.ca/</a><br />
<br />
and which, when their concerns are ignored, will likely lead to guerilla (ie. "torrorist" responses - which of course, is why our government is REALLY intersted in "anti-terrorist" measures).<p>---<br>"When you change the way you look at things, the things you look at change." <br />
-Max Planck<br />
<br />
The Canadian dollar has not gotten stronger the US dollar is in a disastrous nosedive driven by the US economic and industrial problems many linked to globalization.
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"When you change the way you look at things, the things you look at change."
-Max Planck
Another asshat who is working to destroy our country.
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Homeland Stupidity Threat Level: 4