I actually did some searching about the Amero. Here is what the Bank of Canada has to say:
LINK
Though there are many other kinds of commodity convertibility, these are, as noted earlier (footnote 3) complicated and hence hard to explain to the public at large. That is one reason why all recent proposals for reforming Canada's monetary order that envisage replacing inflation targets with a system underpinned by convertibility rest, not on a commodity of any sort, but on either a brand new North American currency or the U.S. dollar. Given the Americans' total lack of interest in giving up a shred of control over their own currency, let alone abandoning it for something else, the only proposals among these that are practically possible are those involving either the outright unilateral adoption by Canada of the U.S. dollar as its currency, or the creation of a new Canadian currency linked to the U.S. dollar by way of a currency board.
Kooks like you can "talk to the hand".
Ivan
I'm glad you find comfort in a statement by an official of the Bank of Canada. I wish I could, and I certainly hope he is right. But, any number of European national banks would have said the same thing of the Euro some years ago.
There is without a doubt forces that have political and economic power wishing to move toward regionalization. The European Union was met with disbelief and resistance, but the pressure is steady and unrelenting.
I see some groundwork being laid for the same push in our part of the world, and there is no lack of statements by leaders, seemingly growing in numbers, that have outright proclaimed immanent globalization, for which regionalization is necessary.
I wouldn't just dismiss this as hot air, if I were you. You may just wake up one morning and find yourself a minor character in a science fiction story of a futuristic, abusive global government.
By the way, I hope you're right, but I put nothing pass the human need fro control, power, wealth and world domination. The latter having been tried a number of times in history.
Why would the Canadians and Mexicans want to surrender control of their money to a supranational bank that would be American dominated? Both nations are sensitive to the issue of sovereignty; indeed, not being American is a key element in Canadian national identity. Many of that nation's original settlers were American Tories who opposed U.S. Independence. Mexico still resents the loss of its northern states to the United States over a century and a half ago. Unlike the European Union, where there were four nations (Britain, France, Germany, and Italy) of comparable size, a North American Union would be dominated by the U.S. simply because of our far greater economy and population.