By: George @ 4:27 PM - EST
Originally posted at Daily Paul by Elsensei:
Since I’d been hearing more and more about the Amero, and since I follow metals and currency and stock markets every day, i figured I’d give the Denver mint a call.
I Googled “Denver Mint” and got a couple numbers.
First I tried (303) 405-4761 what i got was a recording with no information.
Then called (303) 572-9500 which turned out to be the gift shop at the mint. Here is the conversation as near as I recall:
mint: Thank you for calling the Denver mint, how may I help you?
me: Hello, I’d like some information please. can you tell me the exchange rate between the dollar and the Amero?
mint: No sir I’m sorry i don’t have that information
*** Alarm bells. if it were BS she would have said, “huh? what are you talking about? Amero? what is that?” But no, she was very nonchalant.
me: Do you know when the Amero will be rolled out?
mint: No sir, this is the gift shop. we just sell the mint’s products.
me: So you don’t have any Ameros yet?
mint: No sir, not yet.
me: Do you know what the Amero is?
mint: Yes, sir.
me: Is there anyone else there that I could speak with about the Amero?
mint: No sir, I’m sorry.
me: Is there another number i could try, another number for the Denver mint?
mint: No sir, I’m sorry.
me: OK, thank you.
Then I tried going to the mint website itself and called the number there. i went to the contact page at http://www.usmint.gov/ema… and called the number there at 1-800-USA-MINT (872-6468).
I hit “0″ for a customer service rep, and got another woman. I asked the same series of questions. sorry, no information about exchange rates or roll out, but yes, she was aware of the Amero. She was just an order fulfillment rep for the mint itself, and when asked for another number, gave me the original dead end number of 303-405-4761.
So two calls to low-level people affiliated with the US mint, and both of them knew what that the Amero existed at least as an idea but had no information about roll out or exchange rates.
I should have asked if they had seen one or held one.
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Daniel Carr designed the coins and/or sells them. Mr. Carr had this to say on the website where he sells the “Amero”:
“NOTE:
I have received numerous inquiries as to my personal stand on the North American Union (NAU) issue.
My goal with these coins is not to endorse a Union of North America or a common “Amero” currency. I fully support the United States Constitution, and I would not welcome (in any form) a diminishment of its provisions. I expect that these coins will help make more people aware of the issue and the possible ramifications. I leave it up to others to decide if they are in favor of, or against a North American Union. And I encourage citizens to voice their approval or disapproval of government plans that impact them.”
Does this mean there isn’t an Amero in the works? I don’t know. But go to the sight and have a look and then add that bit of information to your studies.
Nice post Professor
Good point. Let’s all make some cheap coins out of plastic (chrome plated or something similar) and wake everyone up!!!
I saw a redicilous article here online about amero exchange rate, and the author predicts that it should be
$1 US = 1 AMERO
$1 CND = 1 AMERO
This assumed exchange rate is far from logical. Even if we assume that this would be the case and everyone turn in their dollars and receive the equal amounts of ameros then the US will still be in the shit hole that it is in today. It won’t fix anything. We would still have the highest debt, the highest all time budget deficit, and the same economy crisis we have now. Please everyone, read the history of the currencies that have been devalued and replaced. The exchange rate is always like 1000 to 1.(thousand of old 1 of new). Now keeping this in mind, and studying the countries that have gone through with their currency change, I can somewhat concur with another blogger who suggested 1 AMERO = 10 DOLLARS. Now this makes more sense to me than the 1-1 exchange rate.
The whole point of amero is to eliminate what we have now “saturation of dollar”. Dollar is everywhere, and it is in circulation like blood in the body. It is being printed like we print articles in magazine. There is no control, and after practicing this for many many years now we have finally reached the point where it must come down. Why do you think british pound still holds its value in the world? Why did Kuwait stopped pegging its currency against dollar in May 2007? Why? Why? Why? Ask yourself these questions, and do some research on other currencies, and you will somewhat be able to predict the exchange rate.
You may say well if thats the case why not convert your dollars into another currency. Yes you can do that, and depends on what currency you choose. But I can gurantee you that everyone will lose. There is no safe currency. You may not lose on 1-10 ratio but you still will lose, maybe 2-1 or 3-1. Me personally, I rather pay 2-1. So now it is upto YOU, to research and figure out based on the past performances and history of the economy of various countries, and figure out which currency you think will be able to give you the best return on the AMERO.
This is not copyrighted, this is just my personal theory. Use it as you want.
I wonder if you have an oz of Silver… and today’s market is 9.70 will they give your more then 1 to 1 becuase the SILVER is TRUE VALUE?
I have heard rumors that the amero will be pegged by silver. How true is that? I don’t know. But it does make sense. The dollar has suffered the way it did is because the gold standard was removed from the united states in 1933. Now making amero measure up against silver will ensure that it never faces the same decline that the dollar is facing(will be facing) in the very near future.
Your question about 1 oz of silver = 1 amero! If the above is true, then absolutely.
what happens to existing personal debt when the dollar gets devalued?
I’ve been thinking about that as well. I’ll have 30k student loan for my graduate school. I can easily see very high numbers of people who will default on their loans. Will I be the one? I hope not, but if the economy continues to decline the way it is right now then I don’t think ill be able to prevent that.
My logic says that if it does happen, then your existing dollar loans will simply be re-calculated based on the new amero rate.
By the way according to my initial post, I did try and shopped for foreign currency accounts in a few countries. The IRS has all nations by the “balls” none of the banks I spoke with are willing to open an account where your american citizenship status is not clearly highlighted. All banks are now someway or another are required to report all transactions to their nations main banking agency which in returns provide reports to the IRS. Gold, silver, and other precious metals are the only way to go, but it is kinda late since the prices are soaring high.
Please don’t do something radical based on these opinions. I am also open to the fact that this whole amero deal will never happens, and after another depression the country will be back on its feet.
Another thing to think about. Have you noticed how the dollar is keep going up against the top five currencies? Euro is now $=.79Euro, $ = 1.19CHF, $=.66GBP.
On one side its good because you get more of the higher currency when you exchange your dollars; on the other end you still lose when the amero kicks in and you have another currency which is closer the rate of the dollar.
Mel, concerning your student loans, I highly recommend choosing the “Income Contingent” method of repayment when the time comes. It’s really fair. Your payments are calculated based on the income you report to the IRS on your tax return each year. Also, if your loans are not paid back in 25 years, they will be forgiven. With other methods of payback they can take any Social Security benefits you might get! Look into it.
If this all comes to pass the big financial institutes that gave out loans such as a student loan under the law it would become null andd void as you would have signed a contract stating you would make repayment in “dollars” not amero. So there is the first loop hole for you people who have loans.
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