[William Terrell]

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.

[MadIvan]

I'll lay my cards on the table. My father is a retired banker and has worked in this area. I cannot emphasise strongly enough that this is utter bullshit.

It is not happening and the folks at the Bank of Canada are absolutely correct. Getting bent out of shape every time some academic or bureaucrat talks out the side of their mouth is a recipe for an ulcer or requiring medication.

Regards, Ivan