The Amero: Will a North American Version of the Euro Replace the American Dollar?

The value of the American Dollar is decreasing. Compared to the Euro, the American Dollar is quickly losing its bang per buck with increasing gas prices, cost of commodities and food items. Evidence of the failing dollar can be seen with each passing pay period. The payroll check just doesn't stretch as far as it used to and consumers are begging to worry about the state of their economy more than ever. No longer can the American people depend on the government for quick answers or resolutions to what seems to be a failing economy. What's next? Will the American Dollar disintegrate in the next five years? Will the American government push for a resolution to the recession-like state of our economy by issuing a new form of currency such as the long debated "Amero"?

The conversion to the "Amero" currency could very well be in our nations future. The Amero is essentially the monetary union of the United States, Canada and Mexico. The Amero was modeled after the European Euro as a way to create a more saturated form of currency for the United States, Canada and Mexico (Source). Supporters of the Amero believe that the creation of the Amero as a form of currency will save up to three billion dollars in currency transactions alone. With the United States sinking further into debt and Canada becoming closer to a debt free nation Canadian currency is stronger than ever. The United States Government may push for the Amero in the very near future to become more economically on par with the European countries.