View Single Post
Old 03-27-2008, 01:02 AM   #12 (permalink)
Brutha
Moderator
 
Join Date: Nov 2006
Location: Berlin, Germany
Posts: 4,997
Brutha is on a distinguished road
Default

Quote:
The Fed could try to cover bank losses by printing more Dollars, but this would result in a drastic weakening of the currency. A weak US Dollar be a precursor to the adoption of the Amero.
Not really. If the US Dollar is weak and in danger of falling, Canada has no interest in having a shared currency with the US. You need a stable exchange rate to fusion to currencies.

On the other hand if the US (the genereal opinion amoung the voters) came to the conclusion that the system on which the dollar is build (debt based) is bad, that might be the reason to say goodbye to the dollar.
__________________
I am always open for feedback on my posts. If your feedback would go offtopic feel free to send me a Personal Message.

My posts generally don't contain medical or legal advice, if you have a problem seek the opinion of an expert


Talking about this in terms of “bad news” or “bad judgment by business leaders” seems archaic. It’s like describing World War One as “a serious diplomatic concern.”
Bruce Sterling about the financial crisis.
Brutha is offline   Reply With Quote