Vancouver Sun shills for the Amero (replacing dollar)

http://www.canada.com/vancouversun/news/editorial/story.html?id=52790c3f-58c1-46d6-a99b-690d7a7ab385


National currencies are
no longer as good as gold in the global economy


-snip-

So perhaps we need to ask a different question with the Canadian dollar at $1.04 US; the same question asked several years back when the dollar was at 65 cents. Do we need to rethink the role of a sovereign currency?

-snip-

If the days of U.S. dollar hegemony are drawing to a close, it might be prudent to prepare for the change.

It's unlikely the international community will revisit the gold standard, but it might embrace a new common North American currency. The idea is not far-fetched. Bank of Canada Governor David Dodge mused last spring that a common currency might be possible, although Canada, the U.S. and Mexico would have to go much further to tear down barriers, particularly to the free flow of labour, in order to get there.

-snip-

Our medium of exchange has failed to keep pace with globalization. Benn Steil, director of international economics at the Council of Foreign Relations, has argued that countries should abandon monetary nationalism and adopt either the dollar or the euro or, in the case of Asia, a new multinational currency. These are provocative ideas that merit further study. Governments, and the economists who advise them, should be actively engaged in finding ways to avoid the next currency crisis and ensure that an outdated model of money doesn't stand in the way of global economic development.
---------------------------


piss on the Amero and the Vancouver Sun

I for one would rather the Canadian $$$$ be tied to the Euro than the US $$$$. The US $$$$ is obviously headed into the toilet and that is a fact.

",although Canada, the U.S. and Mexico would have to go much further to tear down barriers, particularly to the free flow of labour, in order to get there."


free flow of labour

The Vancouver Sun is owned by CanWest, a right-wing leaning media conglomeration. Canadians are even more leery of shit like this, given what has happened since the bush cabal "took" office, than they were previously when this idea was floated.

A common currency would unite our economies and nations as never before. IT makes economic sense and political sense.