in financial crisises ppl put their money in 'safe' currencies like the dollar and the yen . the dollar wont collapse
Thats what they want to kill the dollar and create the Amero accordingly with the NAFTA agreement.
Hey if all they want is to create a new world currency maybe you should be prepared for the Globero who knows!
I'm going to chime in as an American....Deflation IS a reality here right now. The prices of everything (especially gas, which is now at prices not seen since the late 90s and it expected to hit $1/gallon by January) has been steadily falling and as a result, a number of people actually having room to breathe now. The Chinese have been investing MORE into our economy, not less, as a collapse of our economy would put theirs in the tank and result in unrest there. As an American, I've actually been doing quite well and have MORE money in my pockets now that I've had in a long time. The problem is getting Americans to spend the money, as they are now sitting on it. Credit offers are abound for those with very high credit scores, but if your not in that category, not a chance.
Also, the thought of mass inflation in January and beyond is laughable. As the economy recovers, the Fed takes money out of circulation to control inflation, as it has done for decades. When banks need money, they get loans from the Fed, that they have to pay back. As that money is paid back, it is not lent back out, therefore taking money out of circulation.
The Amero is NOT part of the NAFTA agreement and has way too much opposition in the US and Canada to where you will not see it anytime soon. It was conceived by Bush and is largely opposed by the Democrats, so it will not see the light of day so as long as the Democrats control the government. Besides that, anything that has to do with Bush is very unpopular right now and introducing such a thing would be political suicide.
I work in the financial industry in the US as a CPA (certified public accountant), so I deal with this stuff everyday and have the credentials to speak on it. Once again, hyper inflation will not happen, the extra cash in the system now is yanked back out as quickly as it went in. They have been injecting and yanking money out for decades, just nobody has paid attention because they amounts haven't been as big as they are now.