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Will we be saying bye bye to our dollar? According to Vincente Fox

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OmmmSweetOmmm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:21 PM
Original message
Will we be saying bye bye to our dollar? According to Vincente Fox
http://transcripts.cnn.com/TRANSCRIPTS/0710/08/lkl.01.html

KING: E-mail from Mrs. Gonzalez in Elizabeth, New Jersey. "Mr. Fox, I would like to know how you feel about the possibility of having a Latin America united with one currency?"

FOX: Long term, very long term. What we propose together, President Bush and myself, it's ALCA, which is a trade union for all of the Americas. And everything was running fluently until Hugo Chavez came. He decided to isolate himself. He decided to combat the idea and destroy the idea...

KING: It's going to be like the euro dollar, you mean?

FOX: Well, that would be long, long term. I think the processes to go, first step into is trading agreement. And then further on, a new vision, like we are trying to do with NAFTA.
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demhistorian Donating Member (128 posts) Send PM | Profile | Ignore Tue Oct-09-07 12:23 PM
Response to Original message
1. highly doubtful
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:25 PM
Response to Reply #1
3. Welcome to DU.
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OmmmSweetOmmm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:27 PM
Response to Reply #1
4. Welcome to DU! I don't know if it's that doubtful. Unavailable
in transcript, but I'm sure it's up at Comedy Central..Fox was interviewed last night by Jon Stewart too. Fox was talking about creating a union like the European Union. If you do a search, this is already in the works. Along with such a union would be the loss of our sovereign currency.
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no_hypocrisy Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:24 PM
Response to Original message
2. If that's the "Master Plan", then I can understand the devaluing the dollar to that of the peso
for easier amalgation of the two currencies.
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bahrbearian Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:28 PM
Response to Reply #2
5. I guess the Loonie is to good for Chimp & Fox Co.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:31 PM
Response to Reply #2
7. The purported NAU also ties in Canada.
At some point, their currency would have to crash too, no?
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OmmmSweetOmmm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:31 PM
Response to Reply #2
8. That would also explain the Canadian Dollar coming up to par (& beating)
the US Dollar.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:31 PM
Response to Original message
6. Didn't Snopes recently debunk the Amero concept?
And even if Snopes is wrong, how bad will that be?

The NAFTA superhighway will allow efficient transport of goods via road and rail, integrated into this highway. How is that bad?
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OmmmSweetOmmm Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:44 PM
Response to Reply #6
10. It might not be called the Amero but you saw that part of the transcript
of the show. There is a long term plan to get rid of our sovereign currency. We are talking about an American Union. What would this do to our sovereignty? In Europe there have been problems because issues that used to be dealt on a country level are being dealt with by the Union. Although not created yet, the European Union Constitution is being worked on. Once that's in place, won't that supersede the Constitution of the nations within the Union?

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The2ndWheel Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 01:07 PM
Response to Reply #10
13. A NAU would be the same thing as the United States
Just on a larger scale.

It's a process that has been going on for thousands of years. The only way the world can keep working is if there is an EU, and NAU, a South American Union, an Asian Union, African Union, etc. Then it would have to go to hemispheres. We've gone from little groups of people, to global cities. It's just the general trend of human history.

As long as the energy required to do it is cheap enough(whatever that energy is, and we will use whatever we have to).

It's all about systems. It's all about predictability. It's all about economics. Every generation is more of a cog than the last. Everything we do(left, right, center) seems to end up concentrating more power. It's an opt-out world, but you can't opt-out without fear of penalty. It's either the road we chose, or the road chosen for us. Probably both.
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Vincardog Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 01:05 PM
Response to Reply #6
12. The plan to off load imports in Mexico by low wage workers putting union workers out of work.
Have those goods delivered by Low paid Mexican truck drivers to the Customs office in Kansas City Kansas destroying the sovereignty of the USA.

All this toll road and proposed train track are on land stolen from private citizens the largest land grab in our history. This taking of private land is to benefit a private foreign corporation. They plan on turning over parts of our interstate highway system (Which we already paid for) to this foreign private corporation and then charge us tolls to use it.

Another part of this great plan is to put a huge pipeline down the center of it. The purpose of the pipeline is to pump our ground water and sell it to Mexican corporate farmers. Why would I be concerned about my well going dry as long as the water goes to Mexico and the Profit goes to a foreign private company? Because I am not a fascist. I do not want to subsidize the building of an inefficient transportation system. I do not want to give millions of acres of our land to a foreign private company and guarantee them a rate of return on charging me to use what they stole.
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pitohui Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:33 PM
Response to Original message
9. it would indeed be a long term idea but it would be a good one
Edited on Tue Oct-09-07 12:34 PM by pitohui
some countries have already dollarized, panama and ecuador spring to mind, ultimately it's a good thing if we all use one currency

who benefits from the current system of many currencies, which creates an added barrier and an added costs to families and travelers, to the benefit only of the money changers?

the euro is a good thing for europe, as we have all seen

why would not a single currency be good for the americas?

in days gone by, different towns in the old west might have different currencies or scrips, did that help or hinder trade, i think we all agree it would be a disaster for the economy if we had not gone toward a single federal currency recognized in the entire usa

ideal would be a single currency used world wide but we won't see it in our lifetimes
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The2ndWheel Donating Member (1000+ posts) Send PM | Profile | Ignore Tue Oct-09-07 12:55 PM
Response to Reply #9
11. How much of the world should be completely identical?
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