Comments on: Et tu, Argentina? http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/ Thu, 14 Oct 2010 13:09:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Christopher http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/#comment-94401 Christopher Fri, 26 Jan 2007 13:56:22 +0000 http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/#comment-94401 Gillies: I have thought about the same thing. According to everything I have read, the AMERO will be the new currency used for the new North American Union. It will be used domestically for Canada, United States and Mexico. I don't believe the AMERO will be used to replace the Dollar. The Dollar could then be just used as the world reserve currency - possibly partially backed by gold and/or oil - to keep it as the world reserve currency. Then the AMERO could be devalued against the Dollar, perhaps forcibly like what happened to the Argentine peso in 2002. Just think, if the U.S. devalues 3 to 1, 2/3rds of the U.S. debt would be gone! Presto! Of course, citizens would have a hard time adjusting, but would eventually get used to it. And, creditors could get stiffed as well, but, oh well, that's the way it is with fiat currencies. There is no way to determine value. This is one way to end Bretton Woods II. BTW, it looks like the AMERO and North American Union are going to happen regardless of what any of the citizens think about it. Gillies:

I have thought about the same thing.

According to everything I have read, the AMERO will be the new currency used for the new North American Union. It will be used domestically for Canada, United States and Mexico.

I don’t believe the AMERO will be used to replace the Dollar. The Dollar could then be just used as the world reserve currency – possibly partially backed by gold and/or oil – to keep it as the world reserve currency.

Then the AMERO could be devalued against the Dollar, perhaps forcibly like what happened to the Argentine peso in 2002. Just think, if the U.S. devalues 3 to 1, 2/3rds of the U.S. debt would be gone! Presto! Of course, citizens would have a hard time adjusting, but would eventually get used to it. And, creditors could get stiffed as well, but, oh well, that’s the way it is with fiat currencies. There is no way to determine value.

This is one way to end Bretton Woods II.

BTW, it looks like the AMERO and North American Union are going to happen regardless of what any of the citizens think about it.

]]> By: gillies http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/#comment-94400 gillies Thu, 25 Jan 2007 13:25:52 +0000 http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/#comment-94400 just a thought - is there anything to stop the u s creating a second fiat currency - call it the 'domestic dollar' and letting it fall against the reserve dollars to which the chinese are pegged ? it is after all america which is 100% pegged to the global reserve currency . . . after bush's endgame - what ? a new game ? bring it on . . . just a thought – is there anything to stop the u s creating a second fiat currency – call it the ‘domestic dollar’ and letting it fall against the reserve dollars to which the chinese are pegged ?

it is after all america which is 100% pegged to the global reserve currency . . .

after bush’s endgame – what ? a new game ? bring it on . . .

]]> By: OldVet http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/#comment-94399 OldVet Thu, 25 Jan 2007 05:55:43 +0000 http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/#comment-94399 I'd be investing in US bonds too, if I had access to $331 billion worth of Japanese Yen virtually cost-free, wouldn't you? http://www.sirchartsalot.com/article.php?id=49 I’d be investing in US bonds too, if I had access to $331 billion worth of Japanese Yen virtually cost-free, wouldn’t you?

http://www.sirchartsalot.com/article.php?id=49

]]> By: Emmanuel http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/#comment-94398 Emmanuel Thu, 25 Jan 2007 05:38:40 +0000 http://blogs.cfr.org/setser/2007/01/25/et-tu-argentina/#comment-94398 Dang, even more peggers. It kind of fits the Bretton Woods II script I must admit. Oh well, caveat emptor. Here's Andrew Lloyd Webber on Argentina's reserve buying turn in the first stanza below; the second stanza deals with BW2 (I think): <i>I had to let it happen, I had to change Couldn't stay all my life down at heel Looking out of the window, staying out of the sun So I chose freedom Running around, trying everything new But nothing impressed me at all I never expected it to</i> Dang, even more peggers. It kind of fits the Bretton Woods II script I must admit. Oh well, caveat emptor. Here’s Andrew Lloyd Webber on Argentina’s reserve buying turn in the first stanza below; the second stanza deals with BW2 (I think):

I had to let it happen, I had to change
Couldn’t stay all my life down at heel
Looking out of the window, staying out of the sun

So I chose freedom
Running around, trying everything new
But nothing impressed me at all
I never expected it to

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