The North American Currency Union is a proposed economic and monetary union of three North American countries: Canada, the United States and Mexico.
Implementation would involve the three countries giving up their current currency units (U.S. dollar, Canadian dollar, and Mexican peso) and adopting a new one, created specifically for this purpose. (Some versions of the theory, particularly those circulating in Canada, assume only the United States and Canada would be included.) The hypothetical currency for the union is most often referred to as the amero. The concept is modeled on the common European Union currency (the euro), and it is argued to be a natural extension of the North American Free Trade Agreement (NAFTA) and the Security and Prosperity Partnership of North America (SPP).
Conspiracy theorists contend that the governments of the United States, Canada, and Mexico are already taking steps to implement such a currency, as part of a "New World Order (NWO)".
Read more about North American Currency Union: Criticisms and Problems, Amero Coins, Amero Bills
Famous quotes containing the words north american, north, american, currency and/or union:
“Civilization does not engross all the virtues of humanity: she has not even her full share of them. They flourish in greater abundance and attain greater strength among many barbarous people. The hospitality of the wild Arab, the courage of the North American Indian, and the faithful friendships of some of the Polynesian nations, far surpass any thing of a similar kind among the polished communities of Europe.”
—Herman Melville (18191891)
“We should declare war on North Vietnam.... We could pave the whole country and put parking strips on it, and still be home by Christmas.”
—Ronald Reagan (b. 1911)
“The immense popularity of American movies abroad demonstrates that Europe is the unfinished negative of which America is the proof.”
—Mary McCarthy (19121989)
“Common experience is the gold reserve which confers an exchange value on the currency which words are; without this reserve of shared experiences, all our pronouncements are cheques drawn on insufficient funds.”
—René Daumal (19081944)
“The methods by which a trade union can alone act, are necessarily destructive; its organization is necessarily tyrannical.”
—Henry George (18391897)