"Sovereignty is not infinitely valuable" Herb Grubel
These are the words of a Canadian advocate for the creation of a new currency for North American countries. His theories seem to lead the pack of similar philosophers and economists.
In a foreword for Grubel's study on the prospect, Gordon Gibson characterizes the situation as such:
"Most fundamentally however, Mr. Grubel makes the sensible observation that "sovereignty is not infinitely valuable." Every nation in the world, even the mighty United States, has traded off elements of sovereignty to multi-national associations such as the WTO, NAFTA, and the United Nations. Canada has been in the forefront of encouraging every such development-- a natural policy for a middle power."
For a "middle power" whose economy is weak and exchange rate declining steadily, such a maneuver may be in the best interest. This is not the case when the strongest economy in the world, the United States of America, considers diluting its monetary system with Mexico, a third world, "developing" nation and Canada, a second socialist nation on our two land borders. Further, U.S. sovereignty is, perhaps, our most precious facet, as defined in our Declaration of Independence and Constitution. Our sovereignty is part of the formula that makes our Republic the most unique political and cultural experiment in the history of civilization.
Rather than try to decode, re-describe and publish commentary on the prevailing philosophies and arguments surrounding the need and advantages for a common hemispheric currency, this site provides links to information from legitimate proponents and detractors.
Be advised that there is a lot of code and doublespeak in these articles. Few of the more elaborate articles discuss the disadvantages to the U.S., but concentrate on the advantages to Canada and Mexico. The most significant and timely aspect of the movement involves current U.S. participation in a elaborate international program called the "Security and Prosperity Partnership Of North America, " described elsewhere on this site.
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These links reach discussions of the "Amero, " "dollarization" and offer insight to the conditions of the U.S. dollar, as well as Canadian and Mexican currencies.
The Case for the Amero: The Economics and Politics of a North American Monetary Union Herbert G. Grubel--Herbert G. Grubel was David Somerville Chair in Taxation and Finance, The Fraser Institute, and Professor of Economics (Emeritus), Simon Fraser University. He has a B.A. from Rutgers University and a Ph.D. in economics from Yale University. He has taught full-time at Stanford University, the University of Chicago, and the University of Pennsylvania; and has had temporary appointments at universities in Berlin, Singapore, Cape Town, Nairobi, Oxford, and Canberra. Herbert Grubel was the Reform Party Member of Parliament for Capliano-Howe Sound from 1993 to 1997, serving as the Finance Critic from 1995 to 1997. He has published 16 books and 180 professional articles in economics dealing with international trade and finance and a wide range of economic policy issues.
The Plan to Replace the Dollar With the 'Amero' Mr. Corsi is the author of several books, including "Unfit for Command: Swift Boat Veterans Speak Out Against John Kerry" (along with John O'Neill), "Black Gold Stranglehold: The Myth of Scarcity and the Politics of Oil" (along with Craig R. Smith), and "Atomic Iran: How the Terrorist Regime Bought the Bomb and American Politicians." He is a frequent guest on the G. Gordon Liddy radio show. He will soon co- author a new book with Jim Gilchrist on the Minuteman Project.
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