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[bacasper]

This is from the Wall Street Journal! Now I'm scared.

TODD HARRISON
How realistic is a North American currency?

Commentary: Uniting U.S., Canada, Mexico money could result from crisis

Last update: 6:12 a.m. EST Jan. 28, 2009

"World, hold on. Instead of messing with our future, open up inside." -- Bob Sinclair

NEW YORK (MarketWatch) -- Thomas Jefferson once said: "When you reach the end of your rope, tie a knot in it and hang on." As the global financial system pushes on a string, investors are desperately trying to hold tight.

The New World Order is upon us, full of hope, promise and a fair amount of fear. In our recent discussion regarding the direction of our country, we noted the risks of catering to conventional wisdom and the implications for the U.S. dollar. See MarketWatch column on New World Order.

The Minyanville mantra is to provide financial news you need to know before you know you need it. That's a fine line to walk, as foresight often flies in the face of mainstream acceptance.

In 2006, it seemed counterintuitive to forecast a "prolonged socioeconomic malaise entirely more depressing than a recession." See Minyanville column.

For years, the notion of an "invisible hand" was conspiracy theory until we learned that the Working Group on Financial Markets was a central policy tool. See Minyanville column.

And now, as we gaze across our historically significant horizon, we must open our minds to thoughts and ideas that may seem foreign to folks conditioned by the past and stunned by the present.

Currency crossroads

As governments take on more risk -- as they price assets on behalf of the market and transfer debt from private to public -- the common denominator, or release valve, becomes the currency.

If our economic condition is allowed to take medicine in the form of debt destruction, the greenback will appreciate, and asset classes as a whole will deflate. If we continue to inject drugs that mask symptoms rather than address the disease, the likelihood of a seismic readjustment increases in kind.

The deflationary forces in the marketplace are pervasive, and the "other side" of our current equation, hyperinflation, may be years away. Given the magnitude, breadth and pace of the global financial epidemic, however, we must explore each side of the twisted ride.

entire article at link

[mises]

So, put the Canadian and Mexican currencies under the control of the Federal Reserve of Goldman Sachs? Hell No.

It is interesting that this American thinks that a crises caused by American institutions (Fed) would cause Canucks and Mexicans to accept that institution controlling our financial lives. This is the logic of a statist. Government causes a huge financial crises so ergo more of that exact same type of government to fix the crisIs.

Canadians will flip the fu.ck out if such a scheme is attempted. It will never happen. Never, ever. Never.

From the article:

[bacasper]

[mises]

[Ya-ta Boy]

Is anyone serious in any of the three governments concerned talking about this, or is it just fear-mongering by some columnist?

[Ya-ta Boy]

Is anyone serious in any of the three governments concerned talking about this, or is it just fear-mongering by some columnist?

[RJjr]