Saturday, January 27, 2007

Euro's success raises currency debate

...""If you go back to FTA and then NAFTA," Drummond said, "the Number 1 premise behind those from a Canadian perspective was a message to the world: `Locate in Canada and you have free unfettered access to the wealthiest market in the world.'

"That was true to some extent, but you've had two irritations. One, you don't have a common currency, so you have exchange rate risk if you're operating in Canada. The second is the border difficulties.

"Clearly, a common currency, or at least a linked currency, would address one of those two," Drummond said.

Tal argued "the costs of a single currency and the loss of monetary policy independence outweigh the benefits."......

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Monday, January 22, 2007

Some dream

..."There was no talk about the antiwar movement at MLK celebrations of "I Have a Dream." The dream is probably going to be the communist utopia of the North American Union with a new parliamentary system, the Mexican and Canadian borders dropped with all three countries merging into one with a new money (the "Amero") to be in effect by 2010. Social Security benefits will then be expanded and given to Mexican and Canadian citizens. "

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