The Amero: Will a North American Version of the Euro Replace the American Dollar?

The value of the American Dollar is decreasing. Compared to the Euro, the American Dollar is quickly losing its bang per buck with increasing gas prices, cost of commodities and food items. Evidence of the failing dollar can be seen with each passing pay period. The payroll check just doesn't stretch as far as it used to and consumers are begging to worry about the state of their economy more than ever. No longer can the American people depend on the government for quick answers or resolutions to what seems to be a failing economy. What's next? Will the American Dollar disintegrate in the next five years? Will the American government push for a resolution to the recession-like state of our economy by issuing a new form of currency such as the long debated "Amero"?

The conversion to the "Amero" currency could very well be in our nations future. The Amero is essentially the monetary union of the United States, Canada and Mexico. The Amero was modeled after the European Euro as a way to create a more saturated form of currency for the United States, Canada and Mexico (Source). Supporters of the Amero believe that the creation of the Amero as a form of currency will save up to three billion dollars in currency transactions alone. With the United States sinking further into debt and Canada becoming closer to a debt free nation Canadian currency is stronger than ever. The United States Government may push for the Amero in the very near future to become more economically on par with the European countries.

What does this mean for consumers? In essence, it means that consumers need to be aware of the possibility of a currency change with the upcoming election change on the horizon. Drastic changes are needed in order for the United States to become economically stable. The average American middle-class household is suffering more than ever with increasing prices on fuel, grocery items, increased cost of health care or lack there of. The American dollar just doesn't retain its value as it did even ten years ago. With the average gas price per gallon being near $4.00 per gallon nationwide (Source) and with speculation of gas prices rising to an astonishing $6.00 per gallon by summer of 2008, the American consumer has the ability to affect change in the United States now more than ever. Consumers can familiarize themselves with the possible impact of the changing economy and the possibility of converting to the Amero by doing research on the world wide web and urging the government to make drastic changes that will positively affect the American economy in the future.

Currently the SPP, also known as the Security And Prosperity Partnership Of North America (Source), is working to enhance prosperity between the United States, Mexico and Canada. The obvious move for this organization is to introduce and eagerly support the conversion of these nations means of currency to the Amero. The goal of the SPP is to enable the sale, purchase and movement of goods across the former three nations effortlessly and cheaply - strengthening the economy of these three nations.

If the American dollar continues to lose its value as our nation moves further into debt our economy will sink into a deep recession unlike this nation has ever seen before and the American consumer will suffer the most. The best thing the average consumer can do is to arm themselves with knowledge and become familiar with the possibility of the conversion of our American Dollar to the "Amero". Information regarding the Amero and the Security and Prosperity Union can be found at the following links:

http://www.humanevents.com/article.php?id=15017

http://en.wikipedia.org/wiki/North_American_Union

http://www.american.edu/TED/dollar.htm

http://spp.gov